Who Are Your Dependents?

Who Are Your Dependents?

Naturally, the best-case scenario when filing taxes is that, rather than owing the IRS, the IRS owes you. There are countless tax documents the go into the filing of some people’s taxes, and they can take hours to sort and go over. But in addition to profit and...
Getting To Know The IRS Audit Penalties

Getting To Know The IRS Audit Penalties

If you are contacted by the IRS, it’s not likely that you will escape without some kind of money being owed. They try to be very sure of their chances of being legally correct before they chase someone for money. And if they figure out that you owe extra taxes, you...
Are You Ready For The Next Tax Season?

Are You Ready For The Next Tax Season?

With another tax season seemingly always on the horizon, what’s the best tax advice that one can receive? The answer: when it comes to filing income tax returns, the earlier start you can get, the better. Anxiety and stress is only increased by putting off tax return...
What Is An Offer In Compromise?

What Is An Offer In Compromise?

Can tax debt be reduced by an Offer In Compromise? For that matter, what is an Offer In Compromise? This is a program that lets a taxpayer settle, for only a portion of their owed tax liability, their tax debt. Just a couple of years ago, an all-time high was reached...
Tax Relief Tips For Education Costs

Tax Relief Tips For Education Costs

Who out there couldn’t use some good tax relief tips? Truth be told, there are any number of ways to save on taxes. But many of the tax breaks and tax cuts might remain unknown without a professional tax preparer from whom to seek assistance. Here, we will...