Tag Archives for " federal taxes "
Choosing to File for Financial Hardship
When you're dealing with financial hardship, just making ends meet throughout the month is a challenge, and it's likely you wouldn't be able to add another payment into your budget. That said, when you
Read MoreMisperceptions & Mistakes About IRS Offer in Compromise
The IRS Offer in Compromise program is a terrific opportunity for taxpayers to get a fresh start by wiping away their tax debt. However, it is not without its drawbacks. There is a lot of misinformation
Read MoreIs an Offer in Compromise Right for You and Your Situation?
Offer in Compromise (“OIC”) is a program developed and run by the IRS allowing taxpayers to settle their tax debt for less than the full amount they owe. This is a useful program to look into if you
Read More10 Things You May Not Know Are Taxable
If you work for a living, you know that your wages are taxable, and you’re probably aware that some investment income is taxed, too. But the IRS doesn’t stop there.If you’ve picked up some extra
Read MoreIs the IRS picking on you?
You are not alone. Running the government is expensive and the number one means for paying its bills and expenses is you - the taxpayer! The government is an equal opportunity debt collector. It doesn’t
Read MoreNice-Try Tax Breaks Rejected by the IRS
Over the years, taxpayers have concocted a lot of zany arguments to justify their tax breaks. Here are some of the most creative ones that the courts decided did not quite work. Take note: many of these
Read More5 Tax Strategies for Small-Business Owners
Many small-business owners don’t take full advantage of the opportunities available to them to reduce what they pay in taxes. Below are a few often-overlooked tips to consider. Small-business owners
Read MoreDeducting Mortgage Interest in 2018
The deduction is still there, but you might not be able to use it anymore. One of the most popular and lucrative tax breaks has been the deduction for mortgage interest, and while tax reform didn’t
Read MoreSome Key 2018 Tax Law Changes (for Business & Employers)
The Tax Cuts and Jobs Act represents the most significant overhaul to the U.S. tax code in more than three decades, so millions of Americans are wondering which tax breaks they’ll still be able
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