Kris Koonar's Articles in Taxes - Right Article - Article Directory
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Kris Koonar's Articles in Taxes

  • Do Not Take On Your IRS Problems on Your Own
    You may be a tax compliant, filing all your returns on time and having no issues with the tax authorities in the past. Yet one fine day you receive the dreaded certified mail from the IRS you open it and you find a 30-day notice to pay the amount the IRS says you owe it, or you receive a telephone call from the IRS.
  • Dealing with IRS Appeals
    With the right information and the right professionals backing you, getting an appeal in your favor is possible.
  • Strategies to Solve Your IRS Problems
    Owing money to the IRS is an onerous liability. The sooner an IRS tax problem is resolved the better. There is practically no way in which you can wriggle out of the situation to avoid payment.
  • What You Should Do When You Receive an IRS Notice of Intent to Levy
    If you have ignored earlier notices from the IRS urging you to pay your unpaid taxes or informing you about some errors in the calculation of your taxes, then the IRS will start using their heavy weapons. They will send you a Notice of Intent to Levy.
  • How to Obtain an IRS Levy Release
    The IRS collects taxes on behalf of the Government. Many times, citizens do not pay their taxes on time and end up ignoring the various notices issued by the IRS due to various reasons. This can prove to be a costly mistake, since the IRS has powers to seize your bank account.
  • What to Do When IRS Sends You Certified Mail
    Few people are happy or are looking forward to receive a communication from IRS.Please remember that IRS may ask you a series of questions depending on your status as a taxpayer.
  • Methods to Get Out of Tax Debt
    Individual circumstances related to federal tax liability of different taxpayers require different solutions for getting out of tax debt. There are five ways to deal effectively with tax debt that cannot be paid immediately.
  • Be Aware Of Your Rights When You Solve an IRS Problem
    When you file your tax returns to the IRS, they process the information. You will normally, be intimated by the IRS when they feel that you have submitted incomplete or fraudulent information, or if the tax figures you have calculated do not match with theirs, while filing your returns.
  • Using Trust As An Estate Planning Tool
    In many states, like California for example, a living trust, in most cases, would not require judicial intervention, better known as probate. This will saves you from increased costs that are incurred due to legalities.
  • Understanding The Basics Of Estate Tax Planning
    Federal tax laws exempt property up to two million dollars from estate tax. They also allow a one million-dollar lifetime limit for gifting property without attracting any gift tax.
  • Tips To Curtail Your Estate Taxes
    Estate tax is levied both at the federal and state levels. The high rate of taxation takes away nearly forty-five percent of the estate of the deceased.
  • How Can Gifts Help You Reduce Your Estate Taxes?
    There are many ways to avoid or mitigate estate taxes. Transferring property through gifts is one of them.
  • A Tax Guide To Manage Your Estate Taxes Effectively
    Estate taxes eat away a substantial portion of your estate if you are not careful to take necessary steps in time. It is absolutely essential for you to start planning at once if you have property valued above two million dollars.
  • Estate Tax Planning
    The estate of a deceased person is subject to estate tax levied by the government. This tax is levied on his taxable estate, the value of which is arrived at by reducing his gross estate by something known as allowable deductions, where the gross estate is the total value of all the assets owned by the deceased at the time of his death.
  • Estate Planning Strategies
    The reason for making an estate plan is to ensure that all your assets are handled in accordance with your intentions after your demise. The plan consists of creating a host of legal documents which may include deeds of trusts, a will and other legal instruments.
  • Estate Planning and Trusts
    If you own property or assets of substantial value and have not yet thought about estate planning, it is time to start doing your calculations in order to put a plan in place. If you die having property, the state levies tax on your estate.
  • Estate Planning and the Steps to Avoid Probate
    If you die owning property, whether substantial or not, the property has to go to someone after your death. You can make your estate plans and make a will specifying whom you want your assets to go to, which may include one or more persons.
  • Overview of California Tax System
    With over 35 million residents, California is ranked as the sixth largest economy in the world.
  • Taxes Levied In California
    In California, state taxes have always played an important role.
  • California Tax Assistance Centers
    The tax assistance centers are one of the best sources of personal tax related help in California.
  • Overview of the Bank and Corporation Tax in California
    Out of the 48 states, California is the one to tax corporate profits. Whereas, the bank and corporation tax of California remains the third largest source of General Fund revenues of the state.
  • California Local and Property Taxes
    As the California state population increased, the demand for housing also increased
  • California Tax FAQs for New Residents
    If you are a new resident of California then you may want to learn about its tax structure.
  • Overview of California Income Tax
    Personal Income Tax or PIT in the State of California is paid in addition to the Federal Income tax.
  • Overview of California Sales and Use Tax
    All the states in the US, except Delaware, Alaska, Montana, Oregon and New Hampshire levy Sales and Use Tax or the SUT.

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