When you’re struggling with tax issues and need urgent tax resolution assistance, East Coast Tax Consulting Group is your answer. From helping you with unfiled tax returns to negotiating back tax settlements to providing IRS audit defense, our skilled CPAs…
If you’re thinking of selling real property that will result in a gain, there are a number of issues that impact the amount of taxes you will owe, and you should be aware of the tax planning steps that can be…
Tax return mistakes are not uncommon. Since taxes can be extremely complicated and the documents required to file them properly are sometimes difficult to understand, mistakes occur more than you may expect. This is especially true for taxpayers filing their…
You’ve probably heard the old saying, “if it sounds too good to be true, it probably is.” It turns out that that advice is particularly applicable in the tax debt relief arena. Many taxpayers who are struggling with tax debt…
Individuals as well as corporations, partnerships, and trusts that have financial interests in or authority over one or more foreign financial accounts need to report these relationships to the U.S. Treasury, provided that the aggregate value of those accounts exceeds…
The IRS is a large and complex bureaucracy that wields an enormous amount of power over the lives of everyday Americans, most of whom have little understanding of how the IRS works or what it expects of them. This is…
Have you been ignoring your future retirement needs? This tends to happen when people are young; because retirement is far in the future, they believe that they have plenty of time to save for it.
For most people, personal finance is a deeply private matter and the idea of revealing their personal financial information to anyone, especially total strangers, can often cause fear and anxiety. However, when taxpayers find themselves with tax debts that they…
If the sale of business or investment property results in a gain, the gain is normally subject to tax in the year of the sale. However, there are opportunities to report a gain over several years, to postpone it by investing…
No one wants to find out that they owe money to the IRS when Tax Day arrives. However, owing money to the IRS is even worse when the amount includes additional penalties that you could have avoided through more prudent…