Expecting a Tax Refund? Make Sure You Don’t Owe Money to These Agencies

With tax day just a few days away, many people wait in expectation their tax refund. This money might go towards a new TV, vacation, or another luxury item; paying down credit card debt; adding to a savings account; or many other options. Unfortunately, some may find their dreams of a vacation ending early when […]

By |April 14th, 2018|Tax Blog|0 Comments

This Year’s Top 5 Tax Return Red Flags for an Audit

Are you sitting there afraid of getting audited by the IRS? The chances are very slim, as last year the IRS audited less than 1% of tax returns in 2017, and experts estimate this year to have even fewer. Certain things, such as owning a business or earning in the top percentile of people, […]

By |April 13th, 2018|Tax Blog|0 Comments

Have Bitcoin? Make Sure to Claim It On Your Taxes

Cryptocurrencies like bitcoin have become increasingly popular over the past few years. With the value of bitcoin growing, more and more investors have put their gaze on Bitcoin and other emerging cryptocurrency. One Bitcoin at the time of publishing sits around the $7,000 mark, but it was just a few months ago that it […]

By |April 11th, 2018|Tax Blog, Uncategorized|0 Comments

Already Negotiated for Tax Relief: File Your Current Taxes on Time

Once upon a time, you struggled with a massive tax debt, wondering how you would pay it. Then, you signed up for one of the tax relief programs, such as an Installment Agreement, Penalty Abatement, or Offer in Compromise, and now you have a solid handle on your tax debt.

As you look at the […]

By |April 7th, 2018|Tax Blog|1 Comment

3 Tips for Filing a Tax Extension Without Penalties

As Tax Day approaches, many people will be filing for an extension. Are you going to be one of them? The IRS has made it very easy to apply for an extension to file your tax return, which gives you until October 15 to file your return. However, this does not mean that you can […]

By |April 5th, 2018|Tax Blog|0 Comments

Interest Rates Have Increased: Expect an Even Bigger Tax Bill

When was the last time you paid attention to the changing interest rates on your tax bill? There are many reasons that you might have a tax bill accruing interest every month. Perhaps you have set up an Installment Agreement, or you underpaid your taxes. You might not have filed a tax return and now […]

By |April 3rd, 2018|Tax Blog|0 Comments

Are you Taking the Right Tax Withholdings On Your Paycheck?

When was the last time you had to update or fill out your W4 form at work? If it has been awhile, you might not have the right tax withholdings on your paycheck, which could leave you with a higher tax bill come tax day. You might also be withholding too much money, which means […]

By |March 31st, 2018|Tax Blog|0 Comments

Does the IRS Owe You Money: Last Chance for Your 2014 Tax Refund

Could the IRS owe you money? It is entirely possible, especially if you have not filed a tax return for a previous year. In fact, taxpayers are about to miss out on the chance to get some of the more than $1.1 billion dollars in unclaimed 2014 tax refunds. The IRS gives a three-year limit […]

By |March 27th, 2018|Tax Blog|0 Comments

Can You Really Go to Jail For Your Tax Debt?

The IRS has a lot of power, and many taxpayers experience a little bit of fear any time they receive a letter from the IRS, even when they know that they are in compliance with their taxes. However, when you owe a significant amount of money to the IRS or haven’t filed your tax returns […]

By |January 25th, 2018|Tax Blog|0 Comments

5 Reasons Now Is the Best Time to Start Working on Your Taxes

Tax season is in April, but you do not have to wait until then to do your taxes. Many businesses and financial institutions mail out your tax documents in January, making this the perfect time to get a jump on things and get your taxes done. You will find that there are many benefits to […]

By |January 23rd, 2018|Tax Blog|0 Comments