earned income tax credit Archives - FREE Yourself from IRS Problems

Shamsey Oloko October 18, 2016 Civil Liabilities, Civil Penalties, Delinquent Taxes, Installment Agreement, Tax Attorneys, THORGOOD Law Firm

The “What Ifs” for Struggling Taxpayers

Many of life’s events such as losing a job, foreclosure of a home or even forgiveness of a debt impact the payment of taxes. The tax law offers hope in these situations. As an example, if a taxpayer’s income decreases,…

Shamsey Oloko September 13, 2016 Child and Dependent Care Credit, Child Tax Credit, Earned Income Tax Credit (EITC), Job Search Expenses, Tax Credit

How Your Job Hunt Could Lower Your Taxes

For taxpayers seeking a new job in their same line of work, a tax deduction for some job search expenses may be available. First and foremost, these expenses must be related to a job search in a taxpayer’s current occupation,…

Shamsey Oloko July 15, 2016 Civil Liabilities, Collection Activities, Criminal Liabilities, Debt Forgiveness, Delinquent Taxes, Earned Income Tax Credit (EITC), IRA, Representation

Part 1 – What If: Job Related Life Events And Struggling Taxpayers

If you have any type of financial difficulty, keep in mind that there’s a tax impact to events such as job loss or foreclosure. Such consequences may not necessarily be predominantly negative. For example, if your income decreased, you may be…