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Tax Codes

Tax law is a tricky language, and it takes most people years to understand it. In this section of our blog, you can read up on some of the most commonly misunderstood tax codes out there. Our tax professionals are experts at understanding and employing federal and state tax codes, so it’s time for you to get started. Read up on everything from major tax laws to little-known tax codes that can translate to thousands of dollars in savings on your tax debt or tax return. Of course, we’re here to talk you through everything—just contact one of our tax specialists today through our free live chat, located to the bottom right of your screen – or by clicking here.

Category: Tax Codes

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Didn’t Receive Your Child Tax Credit Payment Yet?
As the second round of Child Tax Credit payments go out this month, it almost goes without saying: There have been some speed bumps so far. This shouldn’t serve as too much of a surprise. Over time, millions of taxpayers have expressed having techn...
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15 Tax Debt Facts You Didn’t Know
To many, tax debt is a bit of an enigma. Unless you’ve spent hours upon hours studying the federal tax code, it’s unlikely you’ll find yourself comfortable and confident when hit with a tax bill from the IRS. For most people, the experience fal...
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Remote Work Might Earn You a Surprise Tax Bill
As far as employment goes, last year brought more than its fair share of challenges for workers. It didn’t matter the industry or the stage of the career, the Covid pandemic shook the work landscape around the world. From mass layoffs and furloughs...
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What is the IRS Statute of Limitations on Tax Debt?
When you’re facing down serious a serious tax bill, you’ve probably spent some time thinking about just how, exactly, you’ll pay it. It’s pretty much inevitable. That’s one of the reasons tax debt—or any debt, really—can bring so much s...
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The CARES Act and Your Retirement Savings
As the economy continues to sputter and stumble amidst a global health crisis, sadly the results have impacted everyday, hard working people most of all. While some major companies have been hit hard, certainly nobody has been hit harder than middle ...
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Coronavirus Layoff? Apply for Currently Not Collectible
If you’ve recently lost work due to the COVID-19 pandemic, you’re not alone. Millions of Americans across the United States applied for unemployment in the last month, according to the latest statistics—and the number is likely to skyrocket eve...
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Selling Your Home? Here’s How to Avoid Capital Gains Tax.
If you’re planning to kick off the new decade in a new home, you’ve got your work cut out for you—and possibly capital gains tax. A short list of the home buying process: Save up for a down payment, determine your budget, decide on your “must...
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End-of-Year Tax Checklist for Individual Tax Returns
Can you believe it’s nearly the end of the year? Get your tax checklist ready. We’re about four short weeks away from the New Year, which means it’s about time you started thinking about your 2020 taxes. We’re always thinking about taxes, whe...
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5 Helpful Tax Benefits for Veterans
Before we start talking about tax benefits for veterans, we want to say five simple words: “Thank you for your service.” That sentence will never be enough, but it’s a start—a small way of thanking those who put themselves on the line. We cou...
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Meet the IRS: What Is a Criminal Investigation Special Agent?
You’ve never met a criminal investigation special agent before. But believe it or not, you actually interact with the IRS quite frequently. You may always be interacting with them directly, but you’re nearly always engaging with the IRS in so...
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