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Showing posts with the label tax

IRS Announces Rules on Same-Sex Marriage

The IRS recently announced how it handle same-sex marriages as a result of the Supreme Court cases interpreting the Defense of Marriage Act. Here are a few bullet points on the IRS position. Keep in mind that as with all IRS rules and regulations, this new pronouncement is a two edge sword. That is to say, you may have reporting errors if you don't follow the rules. Ironically, this aspect of the new position is truly Equal Opportunity and Equal Treatment - be careful of what you want as you might get it! Here are the point: 1.   Under these new rules, same-sex marriages that are valid in the state where they were performed will be recognized for all federal tax purposes, even if the couple is domiciled in a state that does not recognize their marriage.  2.   These rules apply to income taxes, estate and gift taxes and payroll taxes related to employee benefits. 3. Here is an example of "gotcha" from Uncle Sam - As a result, beginning with the ...

Eagle Ford Workers - Fight that IRS Wage Garnishment

Hey Eagle Ford workers - don't let the IRS garnish your paychecks! Taking action now - not later - right now, insures that you can keep more of that hard earned overtime dollars. The IRS does not care how many hours you put in or that it was over 100 degrees while you were putting in your time. Here are a couple of things that we can do to help - so keep them in mind: 1. While we can't stop the garnishment immediately, I can have the IRS fax your payroll office a notice to stop the garnishment. 2. The IRS will issue this notice as soon as you've entered into a payment agreement. 3. You must file any back year tax returns before you can enter into an installment agreement. We deal with this all of the time and have a plan of action for you to take care of this issue painlessly. The biggest service we provide to you is getting this huge gorilla off your back. The sooner you act, the sooner you can begin to enjoy more of your paycheck. Call San Antonio Tax Attorn...