- Taxes - 3 Updates
- Tax debt relief: Legit help or a real scam? - 1 Update
| ggggg9271@gmail.com: Dec 31 03:00AM -0800 > Affected by gov't shutdown? https://www.cnbc.com/2019/12/26/this-is-why-filing-your-income-tax-return-will-never-be-the-same.html |
| Emma <emmaj84.n@gmail.com>: Dec 31 05:11AM -0800 > On Friday, January 4, 2019 at 4:32:03 PM UTC-8, gggg...@gmail.com wrote: > > Affected by gov't shutdown? > I have to find someone new to do my taxes and do an amended return for 2017. Having panic attacks over it for some reason. You might be able to file for a Tax debt relief by yourself, you can get more insight from this credit karma article http://aourl.me/s/74814mv |
| "catalpa" <catalpa@entertab.org>: Dec 31 08:36PM -0500 <ggggg9271@gmail.com> wrote in message news:a6c398af-48d4-4acf-8e47-50fa03023df2@googlegroups.com... > On Friday, January 4, 2019 at 4:32:03 PM UTC-8, gggg...@gmail.com wrote: >> Affected by gov't shutdown? > https://www.cnbc.com/2019/12/26/this-is-why-filing-your-income-tax-return-will-never-be-the-same.html The vast majority of people are clueless on how the income tax system works. The gubberment should have kept tax witholding the same and given all the clueless larger tax refunds. There is no possible way to communicate to the clueless about the income tax system. Key points from the article: "We spent a lot of time explaining to people how their taxes were reduced in the prior year, but they still owed more on April 15," said Edward J. Reitmeyer, CPA and regional partner-in-charge at Marcum LLP. If you were already withholding less tax from your pay - either because you had itemized deductions in previous years or you claimed multiple exemptions for your dependents - you likely paid too little in tax during 2018 and wound up owing in April 2019. This confounded taxpayers, as they measured the success of the new tax law based on whether they had bigger refunds. "The biggest way the new tax law was botched was the failure to communicate the difference between a lower tax liability for the year versus lower tax bills in April," said Jeffrey Levine, CPA and director of financial planning at BluePrint Wealth Alliance. |
| Emma <emmaj84.n@gmail.com>: Dec 31 05:01AM -0800 In a Nutshell If you're struggling to pay current or back taxes, you may wonder if tax debt relief is the answer. Proceed with caution. Scammers use the promise of help to steal your money, and legitimate tax-settlement companies rarely do anything you can't do yourself. The full Credit Karma article is here http://aourl.me/s/74814mv |
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