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Tax Tips
We may specialize in resolving our clients’ tax debts, but not everything on our blog here at StopIRSDebt.com is focused on doom and gloom! On the contrary, we’re always writing about helpful tax tips to help you better manage your taxes and finances in general. Whether you’re looking for a road map to filing your taxes on time or simply hoping to learn more about the tax extension deadline—you name it, and we’ve probably written about it. We believe that knowledge is the key to feeling confident about your taxes. So, read up and get ready to tackle those taxes with ease! You can always chat with our experienced Tax Specialists (Free), by using our live chat feature, located to the bottom right of your screen – or by clicking here.
Category: Tax Tips
Mar
29
Common Tax Filing Mistakes to Avoid
With April 15 coming up in a matter of weeks filing your tax returns will soon be off your to-do list – if you haven’t already filed. But being busy with work, kids or running a business can cause us to make mistakes on tax returns. Common tax fi...
Mar
16
Kid-friendly Tax Deductions
Raising kids can cost a fortune. In fact, the cost of raising children grew 40 percent over the past decade. But as the economy continues to drift upwards, there are some hidden deals you can take advantage of. So we thought we’d do a roundup o...
Mar
05
Tax Advantages for People with Disabilities
People with disabilities can have a limited income or run into challenges attempting to work. To help, Uncle Sam has certain tax benefits in place. Here’s a look at some tax advantages for people with disabilities. Disabled Americans Able to Get Ta...
Mar
01
Outrageous Tax Write Offs That Worked
Every tax season we try to think of the past year’s expenses that can help lower our tax bill. A tax court may approve some business-related expenses, but others that walk the fine line between business and pleasure are likely to get rejected. But ...
Feb
29
IRS Warns of Taxpayer Scams
Every tax season sees financial predators baiting countless Americans using promises of large refunds to scam honest taxpayers out of millions of dollars. Taxpayer scams are sadly too common. Don’t Take the Bait! To arm the public to recognize and ...
Feb
06
Determining Whether Your Canceled Debt is Taxable
Sometimes we get lucky and that big balance we owe is written off by a forgiving creditor. Or, possibly, waived through a sophisticated legal process with the help of a tax attorney. Now you have canceled debt. Canceled Debt: Is It Taxable? But when ...
Jan
20
Income Tax Changes on the Horizon
The IRS announced new income tax changes affecting taxpayers for 2012, and you’re more likely to notice them compared to recent years. Personal exemptions and deductions will rise, and tax brackets will expand, all because of inflation. Income Tax ...
Jan
09
States Change Tax Laws for 2012
It’s a new year, and that means new tax rates in various states. While they don’t have authority over the behemoth agency known as the IRS, state legislators are always sticking their hands in their state’s tax laws. As the states c...
Dec
12
States’ Sales Tax Holidays Keep Wallets Full
Who says holidays can only happen in December? Now that the holiday season is in full swing, make sure to be on the lookout for some of the smaller holidays throughout the year that keep your wallet a little thicker. We’re talking about sales t...
Dec
08
Tax-deductible Expenses for Holiday Parties
It’s that time of the year, when enthusiastic office workers decorate the office with colorful post-it notes, make-shift holiday trees, and ornaments on cubicles. But while decorations can add a treat to your workplace’s holiday spirit, nothing i...
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