With tax season upon us, many people may be looking forward to their refund as a way to pay down existing debts. However, certain existing debts could prevent you from seeing a refund at all. Collections agencies to which you owe debts like a credit card balance or mortgage cannot intercept your refund, although they [...]
Ilyce Glink Show on WSB Radio: Giving real estate and personal finance advice. On this week’s WSB radio show, Ilyce hosted the annual, year-end tax show with the enrolled agents, Merry Brodie and Bill Nemeth. On the show, Ilyce discusses Georgia tax topics such as the Georgia Retirement Exclusion, the income tax cut for married [...]
The wedding is over, and you’re finally married. Congratulations! Now, let’s see if I can help you stay together. One of the biggest problems newlyweds face is dealing with money—especially today, when couples are getting married later in life and each person has established his or her own habits and relationship with money. It’s hard [...]
This article was written by guest blogger Eva Rosenberg. Last week, one of my clients forwarded me a letter he received from the IRS. It said that the agency was holding his refund and reviewing his account. As it turns out, the IRS found an extra $40,000 payment he had not included, and his refund [...]
I’ve seen thousands of cases where the IRS grabs tax refunds from taxpayers. In most cases, there is one cause for this irritating IRS practice: The taxpayer didn’t respond to the IRS’s letters. It’s as simple as that. When you have a balance or a new assessment due, the IRS sends out a notice that [...]
This article was written by guest blogger Eva Rosenberg. Whether you understand enough about tax law to prepare your own tax return or you called in a pro to file your taxes, you probably believe your tax return was correct. But what if your refund is much less than you expected it to be? Why [...]
