Tax help

Can unmarried parents file jointly in California?

[…] The IRS offers a loophole. If your parents once upon a time initiated their common law marriage in a state where it was recognized, they would be considered legally married by the IRS, even while living in California. The way it works […]

Ignore tax tips from consumer magazines

[…] costly mistakes based on irresponsible advice from consumer publications, because, as a rule, the advice is incomplete and cannot be applied without analyzing the reader’s particular financial situation […]

Yes, income tax is simple!

[…] situations when basic understanding of taxes is not enough. If any of the following applies to you, I’d recommend that you consult a tax professional: Business or self-employment income […]

“Random Audits” are Back!

[…] The IRS announced that they are restarting the “random audits” program…In a “random audit”, you are selected at random – meaning, for no reason at all. Simply your Social Security number was picked by the IRS computer. What’s the problem, if you […]

Myths about US tax system

Myth: a fictitious or imaginary story; a false belief. [Source: The American Heritage Dictionary.] Myth: Taxes are illegal and/or anti-constitutional. This is a popular topic on the Internet and in high-school debate clubs. Groups of so-called “tax protesters” keep promoting various theories about illegal nature of income taxes. To date, none of them won in …

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