Bright Red Tech Tax Center

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Welcome to the Bright Red Tech Tax Center


By Richard Close

Road weary…Depending on how long you’ve been putting off dealing with your IRS tax debt you may be dealing with some or all of the following obstructions to getting your tax debt settled. If you’re determined to get your tax debt under control you will have to overcome these road blocks before you can move on. Read more »

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By Richard Close

April 15th, 2008 has come and gone. The official tax season is over. But there are some stragglers. Well for those of you who didn’t get your taxes in…time’s up! But that’s the past and you need to focus on the future of your IRS tax debt. Read more »

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Avoiding the Estate Tax

May 16th, 2008

By Joseph Devine

Benjamin Franklin has been famously quoted as saying: “In this world, nothing is certain but death and taxes.” In many ways, the federal estate tax is a vivid illustration of Franklin’s somewhat pessimistic statement. Simply put, the estate tax is a tax which is assessed against the total value of a deceased person’s estate. Read more »

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Author: Roni Deutch
401(k)
A 401(k) plan is an employer-sponsored retirement plan. It is one of the most popular retirement planning methods in the United States as it allows workers to save for retirement while deferring income taxes on the saved money and earnings until the funds are withdrawn. In the most common plans the taxpayer can choose from a number of investment options, that usually combines mutual funds, bonds, or money market investments.

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Author: Ray Eddings

We have all heard the claims of being able to settle tax debts for “pennies on the dollar”. It sounds great, but does it really work? It may seem too good to be true, and the truth is that it is not for everyone. But for those who qualify, it can be a real lifesaver.

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By Richard Close

Save Your Assets! For many of us, prioritizing financial responsibilities can often be difficult. You can be shopping one day and the next; all forms of cash and credit are frozen. The IRS has placed a levy on all of your assets! In most cases, this isn’t an unforeseen slap in the face, but rather a situation where all signals were ignored.

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By Pauline Go

Americans buying second homes can trade down to an inexpensive house and use the profit from the sale of primary property as a down payment on a second home. The rise in prices of homes in many areas has raised a huge demand for second homes which is considered an excellent investment opportunity since nowadays second home buyers are using the equity from the sale of a primary residence to purchase bigger homes.

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By Cassandra Ingraham

What planet are we on? We made it through another tax season. April 15th was unbelievable and I found myself standing in line at the post office on April 14th - no fun.

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By Thomas Wheelwright

This is the time of year when all Americans think about their tax situation and what they might do differently to reduce their heavy tax burden. There is a record of an ancient civilization that was required to pay 50% of their earnings to their captors. They considered themselves in bondage. And yet, many Americans who earn over $100,000 per year pay far more than that in federal and state income tax, sales tax, social security tax, property tax and excise taxes.

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