Most of us have some sort of life insurance, so that when we die, our loved ones will be able to use the proceeds to pay off our debts and provide for some of their future living expenses.

Now that the elections are over we know not much has changed in Washington D.C. It now appears that the tax provisions of the Patient Protection and Affordable Care Act (Obamacare) will become effective in 2013.

Every year the IRS automatically adjusts certain tax rules based upon current inflation levels.

The Taxpayer Advocate Service (TAS) is an independent organization within the Internal Revenue Service charged with assisting taxpayers who are experiencing economic harm, who are seeking help in resolving tax problems that have not been resolved through normal channels, or who believe that an IRS system or procedure is not working as it should.

Approximately 1.45 million taxpayers who qualified for relief from tax penalties totaling close to $181 million never heard from the Internal Revenue Service that they were entitled to it and never received it, according to a new government report.

After over 30 years in the tax business, we continue to find that solid accounting and good communication with your CPA is the key to lowering taxes.