19 posts

Backup Withholding

Backup Withholding Tax – Who Has To Pay It?

What Is Backup Withholding Tax? Backup withholding tax is an IRS requirement used to collect taxes on certain types of income payments that are not subject to regular tax withholding. Investors should know that backup withholding is a tax that is levied on investment income.  The withholding is at an […]


GRAT – Grantor Retained Annuity Trust

What Is a Grantor Retained Annuity Trust (GRAT)? A grantor retained annuity trust (GRAT) is a financial tool used in estate planning to reduce taxes on substantial financial transfers made to family members. In these arrangements, an irrevocable trust is established for a specific length or period of time. When […]

Fresh Start Program

Fresh Start Program – How To Start Over With the IRS

Fresh Start Program – How To Start Over with the IRS The IRS Fresh Start Program offers debt offers relief options to delinquent taxpayers.  The program makes it easier for taxpayers to pay off significant tax debt and penalties legally.  Taxpayers who are unable to pay their Internal Revenue Service […]