You know what it means to take the responsibility of filing your own taxes? More than deciding to bravely step into the fog-veiled quagmire of the U.S. tax code, you have crossed into the realm…
Living Abroad? How You Can Reduce Your Tax Liability
Many Americans choose to live in a foreign country, either because of a great job offer, because they are following the digital nomad lifestyle, or because they need to be close to a foreign spouse's…
Filing Taxes When You Work or Reside in Multiple States
If you travel frequently for work, or work in a state different from where you live, you are likely to have a lot of questions come tax time. In which state should I pay taxes?…
The 4 Best Ways to Get a Tax Levy Lifted
There are several ways the IRS can issue tax levies on your property (i.e. wages, bank/retirement accounts, etc.). The question is- how do you get it lifted? Thankfully, there are different options available so that…
Why Did The IRS Take My Refund?
Even though we are in the midst of the coronavirus pandemic, and the tax filing deadline has been pushed back, millions of Americans who are required to file their tax returns will get a surprise…
3 Reasons to Resolve Your IRS Tax Debt Now
Do you owe money to the IRS? If you do, you’re not alone. The Internal Revenue Service (IRS) found that more than 14 million Americans owed over $131 billion in back taxes, penalties, and interest…
How to Qualify for First Time Penalty Abatement
The Internal Revenue Service imposes millions of dollars in tax penalties every year. In Fiscal Year (FY) 2018, the IRS collected more than $55.5 billion in unpaid assessments on returns filed with additional tax due,…
IRS Transcripts: What Are They Are and Why Are They Important?
An IRS transcript is a record of your tax returns from previous years.[1] This summary or overview of your tax return information is available in five different types of reports. They include most line items…
How to Handle Tax Bills When Money is Tight
For many of us, our budgets have been pushed to the limit due the impact of the coronavirus. Because of this, tax bills may present a challenge this year. However, many states and the federal…
How to Request an Extension for Filing Your Taxes
To file for an extension on your federal income taxes means that you are informing the Internal Revenue Service (IRS) that you will not be able to file your income tax return by the April…