Tag Archives for " federal taxes "
Coronavirus Tax Breaks Businesses can Take Advantage of Now
The IRS recently rolled out three new coronavirus tax breaks for businesses aimed at helping them through the coronavirus pandemic. As businesses and individuals across the country have been hit hard
Read MoreWhile the “Stimulus Checks” are Helpful, We Can’t Tell You When You’ll Receive One.
We're hearing, "Where is my stimulus check?" a lot these days. It's a recurring question that's impossible for us to answer. We understand the frustration some folks are feeling, not having received a
Read MoreIf You Owe, You Can Delay Paying Taxes, But You Still Must File on Time!
Many are asking if they still have to file on time if I owe taxes, in the midst of the COVID-19 outbreak. As a response, the Trump administration just announced $300 billion in tax deferrals as part of
Read MoreWhat If You Can’t Afford to Pay the Taxes You Owe?
Maybe you've just finished preparing your tax return and you find that you owe the IRS a large sum, but you can’t afford to pay it. Are you going to jail? Probably not. The realization that you can’t
Read MoreThe Most Common Tax Problems for 2020
Now that the 2020 tax season is upon us, taxpayers — and their advisors — should proactively consider some of the challenges that they will likely face with common tax problems.While it’s been more
Read MoreChoosing 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
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