Category Archives for TAX DEBT SOLUTIONS
What 2020 Tax Issues are Impacting the 2021 Tax Season?
The past year was unique in a number of ways that will impact the rapidly approaching filing season. Continued implementation of the Tax Cuts and Jobs Act, plus the pandemic-response legislation such as
Read MoreThe IRS Offers Taxpayers an Identity Protection PIN Opt-In (IP PIN) Program
An Identity Protection PIN from the IRS can help protect your tax return from potential fraud.Identity theft and tax refund fraud are issues no one wants to spend time thinking about – but everyone should.
Read MoreThe 2021 Tax Season May Be Ugly so File Early and Electronically
This year stands to be very confusing for tax filing, so some good advice is to file early and electronically for the 2021 tax season.The surging pandemic. Confusion over who gets a stimulus payment. An
Read MoreWhat To Do If You Receive Notification of an IRS Tax Lien
Notification of an IRS Tax Lien can be intimidating to process. But dealing with it doesn’t have to be. This is important to know: if you have a Federal Tax Lien filed against you, it’s important that
Read MoreSmall Businesses that Received PPP Aid May Face Tax Problems
A recent IRS ruling tying up a loose end in the 2020 economic-relief law could require many small businesses to pay taxes on government PPP aid meant to help through the pandemic.On Nov. 18, the agency
Read MoreTop 10 Year-End Tax Planning Tips
Between the political environment and the COVID-19 pandemic and its attendant stimulus packages, this year has seen more than its share of uncertainty around tax – which makes year-end tax planning all
Read MoreCARES Act Lets You Withdraw Up To $100K From Retirement Plans
The Internal Revenue Service recently posted a reminder that the Coronavirus Aid, Relief, and Economic Security (CARES) Act can help eligible taxpayers in need by providing favorable tax treatment for
Read MoreCan Bankruptcy Solve Tax Problems?
Bankruptcy may be a popular remedy for towering balances on credit cards, getting houses out of foreclosure, and eliminating enormous medical bills. But bankruptcy can be used for more than that; it can
Read MoreAvoiding Tax Debt with PPP Loans
The Paycheck Protection Program (PPP) loans are a popular option for businesses struggling due to COVID-19, but understanding the tax obligations associated with them can be confusing and challenging,
Read MorePlanning for Tax Changes for the 2020 Tax Year
We Americans will have a long menu of tax changes for the 2020 tax year...and it's never too early to start thinking about managing next year's return. And there's a lot of good news.Just a few months
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