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Dec
27
Top 5 IRS updates coming in 2023
As we approach the end of a bumpy 2022, it’s important for taxpayers to stay informed about the latest updates from the Internal Revenue Service (IRS) and how they can help position themselves f...
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Oct
20
Lowering Your Taxes by Saving for Retirement Now
Every U.S. citizen who pays their income taxes annually most likely wants to find ways to lower their tax bill. Luckily, however, there are some simple ways you can reduce the burden of your tax stress — and one of the best ways is to start put...
Oct
12
Tax Breaks for Hurricane Victims
It has been a particularly devastating season for hurricanes across North America and beyond. People living everywhere from Puerto Rico and the Caribbean to Texas and Florida are just beginning to deal with the devastation brought to their lives, bel...
Oct
03
Selling on Etsy or Ebay? Meet Form 1099-K
As the economy shifts around, businesses change, and so do your taxes. As a result, Form 1099-K is showing up more and more in taxpayers’ mailboxes. But what is it for exactly, and how do you use it to file? It’s simple, we promise. Here’s ever...
Sep
30
Are Electric Vehicles Worth the Tax Investment?
Many people have heard about the electric vehicle tax credit and want to know if it makes buying electric vehicles worth the investment. Whether it is worth it in your case depends on the circumstances of your return. There are a number of factors th...
Sep
16
Making Federal Tax Payments: What You Should Know
Working for yourself comes with the benefit being flexible to make your own schedule. However, it also comes with the responsibility of paying your own federal taxes. As an employee, you can expect to pay your federal taxes at the end of the tax year...
Aug
29
Top IRS Penalties and How to Avoid Them
While the IRS will never win a popularity contest, failing to obey tax laws or submitting a tax return with mistakes can subject you to penalties and fines. Use this penalty checklist as a guide to prepare accurate and timely tax returns. Tax Mistake...
Aug
10
Tax Changes Coming for 2017
While many taxpayers consider January through April to be tax season, taxes are a year-round endeavor. Make sure you’re up to date on tax changes coming for 2017 to save yourself time and money at filing time. 2017 Tax Changes: Brackets and Ded...
Jul
27
7 Quick Tips for Better Financial Footing
When you think about taxes, the first thing that probably springs to mind is how much money you pay. However, there are ways to save money on your taxes, apply for credits and deductions, and secure your financial footing. In this article, we’l...
Jul
15
What If You Can’t Pay Your Tax Bill?
If you’re ready to file your federal tax return but can’t pay your tax bill, what can you do? Do you just ignore the problem and hope it will go away? Or, do you take the initiative to do something positive to solve the problem? Bearing i...
Jun
30
How to Deal with an IRS Revenue Officer
When you owe money to the IRS, you may have an IRS revenue officer (RO) assigned to your case. Your case will first be assessed by an IRS revenue agent and then escalated to a revenue officer if it is felt your case requires further attention. IRS re...
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