Legacy Tax & Resolution Services

Fraud IRS | Penalties for Tax Evasion

Fraud IRS   |   Penalties for Tax Evasion It’s tax time again and you may be getting ready to file your return. You are dreading filing the return as you have a balance due, and may be thinking, hey, the IRS can’t possibly review every return. Couldn’t I just claim a few of these deductions […]

Claiming A Dependent | Claiming Dependents

Claiming A Dependent   |   Claiming Dependents It’s tax time again and you may be getting ready to file your return. You are dreading filing the return as you have a balance due, and may be thinking, hey, the IRS can’t possibly review every return. Couldn’t I just claim a few of these deductions or […]

IRS Fraud Report | Dependents for Taxes

IRS Fraud Report  |   Dependents for Taxes It’s tax time again and you may be getting ready to file your return. You are dreading filing the return as you have a balance due, and may be thinking, hey, the IRS can’t possibly review every return. Couldn’t I just claim a few of these deductions or […]

Avoid Claiming False Deductions on Your Tax Return

It’s tax time again and you may be getting ready to file your return. You are dreading filing the return as you have a balance due, and may be thinking, hey, the IRS can’t possibly review every return. Couldn’t I just claim a few of these deductions or increase my amounts so I pay less […]

Tax Liabilities | Tax Liability

Tax Liabilities   |  Tax Liability In short, your tax liability is the total amount of tax you are responsible for paying to the IRS. There are many things that contribute to your tax liability, for example income tax, capital gains, self-employment and the dreaded, penalties and interest. Throughout this article, we will go through […]

Tax Liability Formula | Total Tax Liability

Tax Liability Formula  |  Total Tax Liability In short, your tax liability is the total amount of tax you are responsible for paying to the IRS. There are many things that contribute to your tax liability, for example income tax, capital gains, self-employment and the dreaded, penalties and interest. Throughout this article, we will go […]

Tax Liability Definition

Tax Liability Definition In short, your tax liability is the total amount of tax you are responsible for paying to the IRS. There are many things that contribute to your tax liability, for example income tax, capital gains, self-employment and the dreaded, penalties and interest. Throughout this article, we will go through the different types […]

Define Tax Liability

Define Tax Liability In short, your tax liability is the total amount of tax you are responsible for paying to the IRS. There are many things that contribute to your tax liability, for example income tax, capital gains, self-employment and the dreaded, penalties and interest. Throughout this article, we will go through the different types […]

What is a Tax Liability

What is a Tax Liability In short, your tax liability is the total amount of tax you are responsible for paying to the IRS. There are many things that contribute to your tax liability, for example income tax, capital gains, self-employment and the dreaded, penalties and interest. Throughout this article, we will go through the […]

IRS Form 4506-T Borrower

IRS Form 4506-T Borrower    The Form 4506-T is an IRS form used to Request a Transcript of your tax return.  This form is different from the 4506, which we will go through here. Typically, this form is used in connection with obtaining lending, specifically a mortgage.  The lender will request you sign the 4506-T as […]