Income Tax

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Earned Income Credit FAQs
Are you a worker making low wages? The Internal Revenue Service (IRS) offers a credit to help out low-income workers and their families. It's called the Earned Income Tax Credit (EITC). This credit will reduce the tax amount you owe. Here are some frequently asked questions about the EITC. Am I eligible ... Read more

Income Tax FAQs
Each year taxes seem to get more difficult. The Internal Revenue Service (IRS) has very strict income tax guidelines. You may have some questions as to what's income or dependent exemptions. Here are some frequently asked questions about income taxes. Refer to the IRS website for more specific information. ... Read more

Homebuyer Tax Credit Will Delay Your Refund
Tens of thousands of US taxpayers are expected to claim the First-Time Homebuyer Credit ("Credit") on their 2009 federal income tax returns. Many will get a refund, but claiming the Credit likely will cause a delay in getting the refund check. Credit Basics The Credit was part of the "Stimulus Act" signed ... Read more

IRS Is Watching Tax Preparers More Closely
Drive around shopping areas in your neighborhood, or run a quick search on the internet, and you'll find out what's made the IRS take some action: Tax preparation services are everywhere. And, not surprisingly, more and more pop up overnight as April 15th (it's the 18th in 2011) approaches each year. ... Read more

Offshore Accountholders Get Tax Amnesty in 2009
  Offshore bank accounts aren't the tax safe haven they used to be About 7,000 US taxpayers took advantage of the amnesty program offered by the Internal Revenue Service (IRS) by voluntarily reporting their income in offshore accounts The program, which ended October 15, 2009, was the result of a recently-settled ... Read more

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Divorce & Taxes | Callagy Law | Paramus, NJ | Bergen County

The following article was written by Callagy Law’s Legal Team, and will focus on many common questions and concerns surrounding new developments, legal matters, the court system, and other pro ... Read more

What is a Revocable Trust?

The Florida Bar states: "A revocable trust is a document (the “trust agreement”) created by you to manage your assets during your lifetime and distribute the remaining assets after yo ... Read more

How can I give my inheritance check to my daughter?

Q: I inherited some money, $8,000.00 from my boyfriend’s estate. I want to give it to my daughter but was told that I cannot do so. A: Once you inherit the money, you can do whatever you wa ... Read more

UBS Puerto Rico Bond Funds Claims

UBS’s Puerto Rico Closed End Funds UBS Puerto Rico Bond Fund - Securities Lawyers Since 1995, UBS has been the underwriter of fourteen Puerto Rico closed-end funds (CEF’s) with a total ... Read more

Who Will INherit Prince's Estate?

The importance on having estate planning is once again highlighted in the news after the passing of Prince last week.http://www.jaxlawteam.com/estate-planning-law-services/ The following article discu ... Read more

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