The IRS has received a green light for additional funding: The Inflation Reduction Act—now signed into law—includes roughly $80 billion for the IRS to be phased in over 10 years. A Treasury Department report from May 2021 estimated that level of additional funding would allow…
This past Sunday, millions tuned into the Super Bowl, and many viewers placed bets on their NFL team and won. Sports gambling and playing numbers in the lottery actually has become a major part of American culture. Our country has a long history of permitting…
The simple answer is – Don’t mess with tax fraud! It could literally cost you everything. Below are some examples of six infamous people who thought they could fool the IRS and get away with tax fraud, but they learned the hard way that they…
If you have yet to file your taxes, use these tips to help you avoid identity theft this tax season. Guard Your Social Security Number For a Protected Identity With all of the online capture forms today, it is sometimes hard to determine when and…
If all of your children have left home and moved on, it is time to start thinking about ways to save on your tax bill. There are actions you can take throughout the year that will keep your taxes low, and put money back into…
If you are one of the many Americans who have experienced financial instability, then you may be worried about filing an income tax return after filing for bankruptcy. Truthfully, filing taxes should not cause you any grief if you know what to look for, and…
If you owe back taxes to the IRS or State, you need to find a reliable tax resolution attorney, who will fight for you with the IRS, in order to get you the most favorable resolution for your tax problems. The most common question is…
If you are a small business owner, you know tax season can be a headache, and perplexing tax forms can add to your frustration . . . particularly Form 1099. The due date for your business 1099 form must be mailed out by January 31st.…
If you work as a freelancer, an independent contractor, or if you own a business, then chances are you are all too familiar with estimated taxes. Business owners pay estimated taxes to avoid not being able to cover anticipated taxes on income through wage withholding…