Taxes are a significant expense for most households and businesses. Nevertheless, the Internal Revenue Service (IRS) allows many methods to...

Tax avoidance and tax evasion are two terms that are often used interchangeably, but there is a significant difference between...

When investing in the stock market or buying bonds, it’s important to understand how the Internal Revenue Service (IRS) taxes...

A tax holiday is a temporary incentive where certain types of taxes are temporarily eliminated or exempt. Tax holidays may...

What Happens if You Don’t File Your Taxes at All? Filing your income taxes each year is a mandatory requirement,...

How Do 1099 Independent Contractor Taxes Work? The Internal Revenue Service (IRS) has different rules when it comes to the...

What is a tax extension?  A tax extension is a legal process that allows individuals to extend the deadline for...

The Foreign Earned Income Exclusion (FEIE) is a tax provision that allows U.S. citizens and resident aliens working in foreign...

If you find yourself struggling with unpaid taxes, it’s important to seek help as soon as possible to prevent further...

The IRS makes it easy for taxpayers to file their taxes through the use of tax software, but it doesn’t...

What Is Offshore Banking? Offshore banking refers to the practice of using an offshore bank account located in a foreign...

Injured Spouse Tax Relief is a measure that can help married couples who file a joint income tax return and...

Innocent spouse relief is an Internal Revenue Service (IRS) procedure that allows a taxpayer to be relieved of the responsibility...

IRS Tax Settlement is a process that allows taxpayers to settle their tax liabilities with the Internal Revenue Service (IRS)....

When it comes to choosing the right tax professional for your tax situation, there are many factors to consider. Depending...

What is Tax Debt Relief? Tax debt relief is a process of reducing or eliminating the amount of money owed...

What is an IRS Notice An Internal Revenue Service (IRS) notice is a document the sent to taxpayers to inform...

What Is An IRS Federal Tax Lien? An IRS federal tax lien is a legal claim the IRS places on...

What is an IRS Wage Garnishment? While it is possible to stop wage garnishments, lets first learn a little about...

If you need help with unfiled tax returns, the best place to start is by contacting a qualified tax professional....

The IRS Fresh Start Initiative Program is a program offered by the Internal Revenue Service (IRS) to help taxpayers who...

If you are struggling with a wage levy, it can be difficult and frustrating getting it resolved on your own....

In short, if your tax bill is higher than expected and you can’t afford to pay your tax debt then...

Tax credits are a great way to reduce your taxable income and save money. In 2021 there were a variety...