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Steps to Buying a Home

If you’re a first-time home buyer, you may be overwhelmed by the different steps in the process. Wooden Law Firm is here to outline each detail and make sure the process is as smooth as possible for you and your family. Purchasing a home can be intimidating, but it all breaks down to a set of steps. Hiring an experienced real estate lawyer can ensure the process runs smoothly from beginning to end.

Does My Teenager Need to File a Tax Return?

So, your teenager is excited about working this summer for a company and earning their own money. Or, maybe you’re excited because they will soon start to pay for their own expenses like insurance, gas and general spending money. All is going great until the end of the year and then you start to wonder what the requirements are for filing taxes on all that money your kids have earned.

Effective Tax Administration Offer In Compromise

OIC for Effective Tax Administration is a bit different as it is not based upon your reasonable collection potential (your ability to pay) or doubt as to liability (whether you owe the tax liability the IRS claims). An ETA Offer in Compromise is based upon hardship, public policy and equity. In other words, will the collection of the full tax liability create economic hardship on the taxpayer. This type of OIC assesses if the pursuing of the tax liability is the most effective use of the IRS’ time.

Settling Your IRS Tax Debt with an Offer in Compromise

We all know that feeling that happens with you open the mailbox and see the words Internal Revenue Service (IRS) on a piece of mail. Maybe you have a few notices from the IRS claiming you have underpaid taxes from a few years back? Or maybe you had a life changing event that caused you to delay or not file your return a few years ago and now the IRS is sending you hate mail?