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Filing Your Taxes When You Know You’ll Owe Money to The IRS

As we wrap up the year the last thing most people are thinking about is their taxes. But planning ahead can have a serious impact on your tax bill next year, especially if you know you’ll owe taxes.  In this…

December 31, 2020

Do You Need A Tax Attorney if You Owe Back Taxes?

If you owe back taxes you might think you need a tax attorney, but that’s not necessarily always the case. Just like hiring a traditional accountant to try to resolve your tax debt might not be the best choice, hiring…

December 18, 2020

Did You Know You Might Owe Taxes On Debt That’s Forgiven? Here’s How It Works.

When you owe creditors money that you can’t afford to repay, sometimes you may be able to get the debt forgiven or otherwise canceled. When this happens, you no longer owe your creditors the money that you used to owe…

December 09, 2020

Did You Make Money with Cryptocurrency? How to Get Right with the IRS

For early adopters of Bitcoin, Ethereum and other popular cryptocurrencies, the profit potential has been simply stunning. While there have been some heart stopping moments and frightening ups and downs, the clear long-term trajectory has been upward.  If you are…

November 13, 2020

What is a Levy? IRS and Other Asset Levies Explained

Falling behind on your debts is never a fun place to be. It’s less fun when a levy is placed on your assets. In this article, we take a look at what an IRS levy is, why it happens, and…

October 23, 2020

Avoid These 5 Common Tax Filing Mistakes That Can Get You in Tax Trouble

Whether you file the simple 1040EZ or a complex 1040 and a raft of schedules, making a mistake on your tax form could lead to big tax trouble. Something as simple as a math error or unsigned form could invite…

October 09, 2020

Think Tax Filing Season is Over? Why You May Need to File an Amended Return

Few people look forward to tax filing season. Unless you are an accountant who loves tax season, you probably dread this time of year, and you are thrilled when your return is in and your refund is on the way…

September 18, 2020

Four Things Your Tax Preparer Won’t Tell You (and How It Can Get You In Tax Trouble)

Tax time will be here (again) before you know it. If your tax return is a simple one, you may be up to filing the return yourself. But if your situation is somewhat complicated, seeking the help of a qualified…

September 04, 2020

COVID-19 and the IRS: Tax Updates

Last Updated: August 26, 2020 IRS Sending Catch-Up Economic Impact Payments To Spouses Who’s Payment Was Diverted Due To Back Child Support The Internal Revenue Service will soon send catch-up Economic Impact Payment checks to about 50,000 individuals whose portion…

March 23, 2020

Work from Home Tax Forms: How to Store Them, How to File Them and How to Reduce Your Liability

Working from home can be a dream come true, especially if you also work for yourself. Opportunities for freelancers, gig workers and other self-employed men and women have exploded in recent years, giving people the freedom they crave without sacrificing…

August 21, 2020

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