Paying taxes to the State of Indiana or to the federal government is generally unavoidable, and owing a large amount of taxes or back taxes can be particularly difficult to overcome. Fortunately, there are options to reduce that amount, one of them being an offer in compromise (OIC). Taxpayers may […]
Post Tagged with: "Offer in Compromise"
While both President-Elect Donald Trump and the House Republicans view our tax code as being fundamentally flawed, their approach to fixing the tax code has taken different routes. On June 24th, 2016, the House Republicans, led by House Speaker Paul Ryan (R-Wis.) unveiled a plan for sweeping tax reform. The […]
Tax rates for married taxpayers with income less than $75,000 is supposed to be 12%. If income is between $75,000 and $225,000 and you’re a married taxpayer, the tax rate is supposed to be 25%. For taxpayers earning more than $225,000 the rate is supposed to be 33% if you’re […]