Oh no! It would be best if you had audit advice. You just received a notification in the mail that the IRS will audit you. What now? How do you respond to this, and should…
Browsing CategoryTax
Can You Fight The IRS?
There comes a time when many Americans must take action against the IRS. The IRS can come down swiftly and without mercy against taxpayers for issues ranging from simple mistakes to genuine tax evasion. When…
Tax Issues for Expats
First, tax information about moving overseas is essential because it allows people to budget their finances. When a person moves overseas, the experience would be like beginning a new life. This means every detail, especially…
Rental Real Estate Tax Deductions Explained
As a landlord, you will want to ensure you take advantage of all the tax benefits you can receive by owning a property. There are many other deductions than just the obvious ones. Expenses incurred…
What Is A Capital Gains Tax?
Capital Gains is a federal tax on capital accumulation, investment, and productivity. Some income subject to capital gains tax includes selling an investment, a home, a family business, a farm or ranch, or even a…
Donating A Car? Things You Should Know
You are probably looking for items you can deduct to reduce your taxable income. Since the laws on what can be claimed vary from state to state and country to country, there is a lot…
Checking The Status Of Your IRS Tax Refund Online
More than a few people are happy to learn they are due a tax refund after filling out their tax returns. If you are one of these people, here is how to check the status…
Common Employer Payroll Tax Concerns
Let’s face it, taxes are complicated, especially if you own a small business. Read below about tax concerns to avoid some of the most common pitfalls experienced by small business owners today. As your business…
Compromising With The IRS?
Few things threaten your well-being, like the harassment and anxiety of persistent tax problems. Most people make three mistakes that get them in trouble with the IRS. They procrastinate. They attempt to represent themselves. They…
Debt Settlement and Income Taxes
Debt settlement has become a popular approach to resolving problem debts without filing bankruptcy. With this approach, creditors agree to accept a portion of what you owe (usually around 50% or less) to settle the…