Archive for the ‘The IRS’ Category

Proposal That Would Penalize S Corps Dropped from Senate Bill
A provision aimed at closing a payroll tax loophole to small business owners filing as S corporations has been eliminated from the Senate version of the “American Jobs and Closing Tax Loopholes Act.”

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I was in default status on my student loan, but I started on a “rehab” program, and have not missed any payments through my student loans’ collection agency so that in a few months I will be able to defer my loan again as I am very poor. My tax preparers’ office said that if the IRS hadn’t garnished my wages for the student loan, then they shouldn’t take my refund. Well, they did. Seven thousand dollars. I support 3 kids and make below $15,000 a year so I use my tax return for emergencies as I can’t save $$ easily otherwise. I am in severe dire straits unless I can get the US Dept of Education to give it back to me. I was planning on paying off my bills and bettering my families future. Please, does anyone know of any loopholes? My family depends on me

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