Dallas, TX -- (SBWIRE) -- 03/31/2015 -- Well known taxpayer advocate and experienced Dallas Fort Worth attorney, Nick Nemeth has published a new article to help taxpayers better understand tax exemptions and dependents. He helps individuals take full advantage of exemptions when they file their 2014 tax returns. Many taxpayers do not realize that an exemption works to lower the amount of income that is actually subject to current tax rates. The tax code is very complex. It is difficult for an individual taxpayer to understand the requirements, exemptions, and dependent rules.
For instance, someone who may be claimed as a dependent by another individual may still have to file their own tax return, but will not be eligible for the personal exemption that most taxpayers qualify for. This is true even if the person who can claim the individual as a dependent does not claim the dependent. The dependent tax filer still cannot claim the personal exemption based simply on the fact that they could be claimed as a dependent by someone else.
The Law Offices of Nick Nemeth frequently see taxpayers who have failed to claim exemptions or claim dependents that they are legally allowed to claim. Nick and his staff educate those who do not understand the importance of exemptions they are entitled to.
Thanks to the Affordable Care Act there are also additional requirements that taxpayers must meet or they will be assessed a penalty by the IRS. Claiming an exemption for a dependent that the taxpayer is not entitled to could cause serious problems with the IRS. The the taxpayer could face penalties and interest as a result of not fully understanding the tax code and the IRS rules involving dependents and exemptions. As an attorney who focuses on tax disputes and IRS issues, Nick Nemeth understands how complicated it can be to file an accurate tax return, and how to avoid overpaying the government.
The latest article covers the different rules and IRS guidelines for exemptions, dependents, and taxable income. He simplifies the rules for taxpayers by helping them understand these topics and ensuring their tax returns are accurate and complete. There are many tax facts, questions, and concerns when it comes to exemptions and dependents. Nick Nemeth addresses some of these to help inform and educate taxpayers so they stay in compliance with the tax laws without paying the IRS more than they truly owe. An educated taxpayer is a taxpayer who understands the importance of exemptions and dependents. The latest article by Nick Nemeth can be found online.
About Nick Nemeth
The Law Offices of Nick Nemeth focus solely on IRS tax problems and one of the most common reasons clients come to Nemeth is for delinquent tax returns.
With over 15 years experience as a lawyer, Nick Nemeth is a best-selling author who focuses on helping both individuals and businesses overcome the stress and devastation of their tax problems. At his boutique tax law firm located in the Dallas/Fort Worth area, solving IRS problems goes beyond saving his clients' money.
The Law Offices of Nick Nemeth