Domain Name And Internet Articles

Tax Attorney Web Site Warns of Upcoming Tax Laws in 2008

Carlsbad, CA (PRWEB) October 28, 2007 -- Although 2007 saw little change in the federal income tax, TaxAttorneyHelp.com wants to prepare taxpayers for some upcoming changes. There will most likely be changes in the 2008 tax law regarding the so-called "kiddie law," higher standards for enforcement and continuing education for tax preparers. Congress is also discussing changes to the alternative minimum tax.

What many people refer to as the "kiddie law" involves parents of children with more than $1,700 in investment income. Under the current law, children under the age of 18 have their investment income taxed at the same rate as their parents, but their earned income is exempt from the tax. This is intended to keep parents from taking advantage of lower income tax on minors. Under the new law, dependents under 19 and dependent full-time students under 24 will be included, although children who provide more than half of their own support will be exempt.

The Tax Attorney Help lawyers, found online at www.taxattorneyhelp.com, also want to let people know about some new enforcement issues Congress has passed for the 2008 tax year. Paid tax preparers must now have reasonable belief that the positions they've taken on tax returns will more than likely hold up if challenged by the IRS, whereas the previous standard was a one-in-three likelihood of the position being correct.

It is also likely that Congress will pass a law going into affect in 2008 that will require tax preparers to obtain certification and to take continuing education classes. Congress is currently discussing some changes to the alternative minimum tax, as well. This law is enforceable for taxpayers who take so many write-offs that they pay little or no tax, but it has not been indexed for inflation. There are discussions of a sweeping tax bill to fix the alternative minimum tax permanently, rather than covering the problems associated with it with temporary provisions as was done in the past.

For more information about tax laws, or to enlist the services of a knowledgeable tax attorney, visit www.taxattorneyhelp.com.

About Tax Attorney Help:

TaxAttorneyHelp.com can handle non filers, offers in compromise, tax litigation, audits, collection auctions, appeals or any other tax problems. They have years of experience with the IRS and can make a taxpayer's life easier. For those who have a conflict, TaxAttorneyHelp.com can provide the best tax attorney possible. And for those who don't have any tax problems, they can help keep it this way. They are determined to ease the life of all taxpayers by dealing with their tax problems.

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