Tax Controversy
IRS keeps 2016 Third Quarter Interest Rates the ...
Interest Rates Remain the Same for the Third Quarter of 2016 WASHINGTON — The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2016. The rates will be: four (4)…
IRS Offer In Compromise Program Demystified
One program the IRS offers to help those who cannot immediately pay their tax in full is the “offer in compromise” (or “OIC”) program. The OIC program is the IRS’ recognition that you cannot “get blood from a turnip” and…
Merry Christmas From Your Friends in Congress and President Obama
As predicted in my last blog entry, President Obama and Congress were able to avert the estate tax disaster scheduled to occur on January 1, 2011 with the expiration of Bush Estate Reform passed in 2001. https://www.thewootenlawfirm.com/raleigh-business-law-blog/2010/12/temporary-estate-tax-deal/. On December 17,…
Temporary Estate Tax Deal?
It looks as if President Obama and Senate Republicans may have struck a temporary deal addressing the expiration of the Bush era estate tax reforms. As you may recall, the so called “repeal” of estate taxes passed by President Bush…