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Sometimes, it can feel like the difficulties with filing your taxes are never-ending, especially for small business owners and those with multiple tax documents to sort through. When filing your taxes, it is easy to feel overwhelmed or concerned that something might slip through the cracks. When this happens, you may begin to wonder if […]

If you’re struggling with tax debt, you may be asking yourself, “Can bankruptcy stop IRS levy?”  Well, there isn’t a straightforward answer to that question. It all depends on the type of tax debt you have and the stage of collection the IRS is in. If you owe back taxes, the IRS may try to […]

Four in ten Americans are struggling financially, and if you find yourself in the same situation, you might find it hard to meet your tax obligations. Maybe you feel as if you’re drowning in debt, and you already owe back taxes.  Is there a debt forgiveness program you can turn to? Perhaps you’re wondering who […]

Can the IRS take your pension for back taxes? Well, the answer is…maybe. While the IRS does have the authority to garnish wages and bank accounts to collect on unpaid taxes, there are some restrictions.  So, what are the restrictions? Do you have to worry about the Internal Revenue Service taking your retirement funds? In […]

About 18% of all IRS payment plans default each year. The long-term consequences of defaulting on an IRS payment plan may impact your borrowing power and credit standing for many years down the road. Getting sideways with Uncle Sam is never a good thing. So, why let it happen? There is never a good time […]

There are millions of “tax preparers” out there every year who prepare tax returns for Americans who need help with their taxes. However, not all tax preparers are created equal. You may be surprised to hear that some paid tax preparers are not required to have any special license(s).  Nor are they required to have […]

Fall is here and another school year is in full swing. Many teachers are already dipping into their own pockets to buy classroom supplies that will help set their students up for success. Doing this all year long can add up fast. Fortunately, eligible educators may be able to offset qualified expenses they paid in […]

What is the Gig economy? The Gig economy is basically is a new way of earning income that has evolved over the last few years. It involves earning income sporadically, off and on, as opposed to a “steady” job where one gets a check every payday, and it is expected, and people plan on getting […]

Taxpayers need to be vigilant about scammers out there that are after your social security number. They will go to almost any length to steal it from you, steal your identity, and quite possibly ruin your life. In the latest twist on a scam related to social security numbers, scammers will say that they can […]

The Home Office Deduction allows certain taxpayers who qualify to deduct certain home expenses on their tax returns. More people than ever are working from home, and they may be wondering if they qualify to take these home-office deductions when they file their income tax returns for 2020 next year. Here is some especially important information to keep in […]