If you had a fantastic year last year where profits went through the roof, congratulations! Unfortunately your good fortune and hard work could also make you a target for an IRS audit. Any changes in your circumstances, however seemingly innocuous, c...

If you have back taxes to pay and the problem is keeping you awake at night, the most important thing is to address the problem. In recent years, the Internal Revenue System (IRS) has recognized that more people are falling into difficulty with their...

The IRS encourages all taxpayers to save for retirement, which is why there are taxes imposed for early withdrawals from your 401k. These taxes also come along to discourage using retirement money for anything other than retirement. Luckily, many exc...

Healthcare and taxes is a confusing subject in the United States, and it has been this way ever since Obamacare came into the picture. American taxpayers are obligated to get insured or face a tax penalty — but that’s just scraping the su...

Picture this: You file your taxes early, kick back your feet, relax, and then…a 1099 from an odd job comes in the mail. Do you need to amend your tax return? What if you’ve already had your return approved? We give you the lowdown here. When ...

This isn’t your typical list of tax tips for 2017. Whatever your financial circumstances and particular lifestyle, some of these nuggets of wisdom will help you save some green, maximize your refund, and avoid hassle and potential fraud. This is a ...

Many business owners fear being audited by the IRS, but those that reside close to IRS offices have more rational. In an IRS study conducted by professors from universities in Kansas, Texas, and South Carolina, public companies located near the IRS a...

The Affordable Care Act has been debated since its inception, and now Trump’s executive order may have affected how you report your health insurance coverage on your tax return. The executive order gave the Department of Health and Human Services t...

As a self-employed individual, you’re in a special tax situation. Instead of simply receiving a W-2 form, you’ll have significant document collection and several other factors to consider. What’s more, you may have a side gig that qualifies as ...

When you neglect or fail to pay a tax debt, a lien protects the government’s interest in your property. The lien arrives only after your liability has been assessed and you’ve been sent a notice. A Notice and Demand for Payment indicates how much...