Tuesday, August 18, 2020

U.S. ARMED FORCES CAN RECEIVE SPECIAL TAX BENEFITS

Advance Tax Relief provides assistance to individuals struggling with unmanageable IRS tax burdens. To assess your tax situation and determine if you qualify for tax relief, contact us for a free consultation.


If you have served in the U.S. Armed Forces, you could qualify for certain tax breaks and certain rules may also apply such as deductions or credits that can be claimed at a lower rate. If you have served in the U.S. Armed Forces, here is what you could qualify for when filing your taxes:


DEADLINE EXTENSION:
For members of the military and those who serve in combat zones, the government will allow you to postpone tax deadlines and, in some cases, you can receive an automatic extension so you have more time to file your taxes.


COMBAT PAY EXCLUSION:
If you serve in a combat zone, your pay will either be partially or fully tax-free. If you serve in a support area for a combat zone, you may also qualify for this exclusion.




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SIGNING JOINT RETURNS
If you are married and choose to file jointly, it is required that both you and your spouse sign your tax return. If you are unable to be present to sign your portion of the tax return, you may need a power of attorney to file a joint return.


UNIFORM DEDUCTION
You can deduct the cost of certain uniforms that you can’t wear while off duty. This also included the costs of purchase and upkeep.


ROTC ALLOWANCES.
This applies to allowances for education and subsistence. Active


ROTC pay is also considered taxable.


CIVILIAN LIFE
If you leave the armed forces, you may qualify for deductions on certain job search expenses. This could include, the cost of travel, preparing a resume, and job placement agency fees. Moving expenses may also qualify for a tax deduction.


TAX HELP
Most military bases offer free tax preparation and filing assistance during the tax filing season. Some may also provide free tax help after the tax deadline.


GET TAX RELIEF HELP TODAY
If you think that you may need help filing your 2018/2019 tax return or past due tax returns, you may want to partner with a reputable tax relief company that can help you get the max refund and reduce your chances for an IRS AUDIT.


Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.


Advance Tax Relief is rated as one of the best tax relief companies nationwide.

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