Tax Issues And Problems

    • How Long Does It Take to Receive Your Federal Tax Refund?

      The IRS will generally issue most refunds in less than twenty (21) calendar days. However, many different factors can affect the timing of your refund after they receive your return. Even though the IRS issues most refunds in less than twenty (21) days, it is possible your refund may require additional time to process.

      Grant Mcnutt/ Bond and Botes- 18 readers -
    • Watch out for Latest Tax Refund Scam

      As if tax payers don’t have enough to worry about, there is a new income tax refund scam that the IRS is warning filers about. This time, however, the scam is likely originating out of the office of your tax preparer. The gist of the scam is that identity thieves are hacking into the data systems of a tax preparer using an email phishing scam.

      Bond and Botes- 13 readers -
  • How Long Should I keep My Income Tax Records?

    … The answer to that question depends on the action, expense, or event which the document records. Generally, you must keep your records that support an item of income, deduction or credit shown on your tax return until the period of limitation runs out for that tax return. What Is the Period of Limitations? The period of limitation is the period…

    Grant Mcnutt/ Bond and Botes- 13 readers -
  • What Are Charitable Contributions?

    … We are a few days from Christmas, and the holiday season is in full bloom. Many people plan on making donations to charitable organizations before the end of the year. However, you want to make sure that organization is a Qualified Charity in order to claim a deduction for the donation on your federal tax return during tax season. Donating…

    Grant Mcnutt/ Bond and Botes- 12 readers -
  • Tax Day is Fast Approaching

    … Spring is in the air (along with all the pollen that it brings!), but that also means that Tax Day is fast approaching! Tax Day, the day your income tax returns are due, is April 15th of each year. This year, however, everyone will have 3 more days because of how the date lines up with the weekend and a federal holiday. This year April 15th…

    Nick Gajewski/ Bond and Botes- 18 readers -
  • Great News If You’re Trying to Find Money!

    … with tax questions as they relate to bankruptcy to determine if you are obligated to pay your tax debt. Many people are afraid of the IRS and are misinformed concerning these complex issues. Contact one of our offices today if you would like to meet with one of our attorneys for a free consultation regarding your situation. We are here to help you (especially if it means putting money back in your pocket!) The post Great News If You’re Trying to Find Money! appeared first on Bond & Botes. …

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  • Tax Return Season and IRS Forms 1099-C and 982

    … The football season officially ended with the Super Bowl last night in the first overtime game in Super Bowl history. Now the season that no one wants to come is here. Tax return season. There is one tax preparer now advertising filing your returns and getting your taxes won. An interesting catch phrase for sure, but what is most important…

    Robert Reese/ Bond and Botes- 16 readers -
  • Filing Taxes While in Bankruptcy

    … As we finish the first month of the new year, tax season is starting to pick up. By now many people have gotten their W-2’s or other tax forms from 2016 and they’re ready to file for their 2016 income tax returns. If you’re in bankruptcy, or considering filing for bankruptcy, how will that affect your refund? First, it is important to know…

    Nick Gajewski/ Bond and Botes- 19 readers -
  • Tips for Tax Deadline Day

    … from Great American Cookies Get one free small sandwich with a purchase of a 32-ounce drink and a bag of chips from Schlotzky’s Deli today. From 6:00 a.m. to Midnight today, Krystal’s is offering discounted hamburgers and cheeseburgers Single cheeseburgers are half-price at Sonic Do you owe taxes that you cannot pay this year? If so, remember…

    Mary Pool/ Bond and Botes- 31 readers -
  • What Happens To My Tax Refund If I File For Bankruptcy?

    … Income tax refund season is right around the corner. Many Americans have come to rely on their tax refunds to help out with the basic necessities of life such as clothing, utility services, and needed medications. If you are facing that situation and struggling to make ends meet, you may be thinking about the possibility of filing a bankruptcy…

    Ed Woods/ Bond and Botes- 31 readers -
  • Do You Owe Back Income Taxes?

    … than several years of taxes owed and even not having filed those same tax returns. Many clients that I have represented over the years have owed back taxes to the IRS and the State of Alabama and believed that there was not any other option for them other than dealing directly with the taxing authority. This even leads to them incurring other debt…

    Robert Reese/ Bond and Botes- 41 readers -
  • Charitable Giving and Tax Deductions

    … Charitable Giving and Tax Deductions Posted on Dec 08, 2015 By Kathryn Davis December 8, 2015 by Kathryn Davis The holiday season is upon us once again. This time of year, many people are motivated to give to charities. While there are many obvious benefits to charitable giving, one additional benefit to the giver is that their contribution…

    Kathryn Davis/ Bond and Botes- 38 readers -
  • Common Pitfalls in Chapter 13 Bankruptcy with Tax Debt

    … Through the years, I have seen several common pitfalls for clients in Chapter 13 bankruptcy involving tax-related debts. Failing to File Tax Returns The Bankruptcy Code requires that you provide the last four years tax returns that you were required to file. The most common reason I hear from a client on why they did not file the return…

    Gail Donaldson/ Bond and Botes- 38 readers -
  • 2015 Tax Season is Approaching Quickly

    … 2015 Tax Season is Approaching Quickly Posted on Oct 28, 2015 By Grant McNutt October 28, 2015 by Grant McNutt In a few days, Halloween will be in the rear view mirror as will the month of October and as we all know the holiday season of Thanksgiving and Christmas will then be on us and then over in a blink of an eye. As Ben Franklin pointed…

    Grant Mcnutt/ Bond and Botes- 35 readers -
  • Can I Include IRS Debt in My Chapter 13 Case?

    … Can I Include IRS Debt in My Chapter 13 Case? Posted on Oct 15, 2015 By Ed Woods October 15, 2015 by Ed Woods A common misconception held by some people is that you cannot include tax debts that you owe to the IRS in a Chapter 13 debt consolidation plan. Owing the IRS can be very scary and the IRS can make life difficult for you…

    Ed Woods/ Bond and Botes- 34 readers -
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