LifeBack Tax
Here’s What You Need To Know About Non Liable Spouse
The term non liable spouse refers to someone who is not liable for tax debt. You may find yourself asking, “what is the purpose of […]
LifeBack Tax
LifeBack Tax
R&D Credits Are Available, But Do Fashion Designers Qualify?
R&D Tax Credits For LMI? In a recent tax court case of Max v. Comm’r, T.C. Memo 2021-47, the court ruled that successful fashion designer […]
LifeBack Tax
Understand Tax Identity Theft Before You Regret It
Tax identity theft is a genuine concern. Every year, millions of fake tax returns are filed. The Federal Trade Commission (FTC) receives thousands of tax […]
LifeBack Tax
How To File Your Cryptocurrency Taxes
With the rise of Bitcoin in the past year, many taxpayers have invested in various cryptocurrencies in hopes of gaining profit. Cryptocurrency is a “virtual […]
LifeBack Tax
Tax Benefits Of Married Filing Jointly vs. Married Filing Separately
Are you married or thinking of getting married soon? There are many factors to consider when making this life-changing decision, and taxes are one of […]
LifeBack Tax
Protect Your Finances With Our Guide To Mirrored Accounts
What Is A Mirrored Account? A mirrored account refers to the procedure of separating a joint account into two. The IRS adopted the concept of […]
LifeBack Tax
The Quick Guide To Understanding CP508C Notice
Why Did I Receive CP508C Notice? The IRS sends CP508C Notice to inform you when your tax debt is determined to be “seriously delinquent.” Your tax […]
LifeBack Tax
Withholding Taxes: The Cause And The Cure
At Lifeback Tax, with each new case we inherit we must dig deep how we can help. Many of our clients seek ask us to […]
LifeBack Tax
Surprise! Your Cancelled Debt Is Taxable
It’s a huge relief to receive news of cancelled debt! Resolving debt is a huge accomplishment. However, don’t get too excited just yet. You may […]
LifeBack Tax
Easy Tax Benefits of Home Ownership
Although becoming a homeowner can often be a grueling process, there are also many tax benefits that come with the process. Being a homeowner might […]