While no one wants to pay taxes, it’s an inevitable part of life. If you make money then you have to pay the government a portion of that money. It really doesn’t matter how you make your money, you will have to pay some of it to Uncle Sam. The rates will vary depending on how you earned it and on how much you earned, but ... Read More
Tax Blog
Are You a Newbie to Doing Your Taxes – Follow These Tips
Tax time is here and by now some of you might already have your return filed and your refund deposited into your bank account. If so, then give yourself a pat on the back for being one of the “first responders” so to speak. However, at this early stage in the game most people are likely either still waiting for their refund or ... Read More
Will IRS’s Use of Liability Collectors Open Door to New Problems?
No one wants to receive a call out of the blue from the IRS, but perhaps an even worse call is one that comes from a liability collector. Liability collectors have a terrible reputation and in most cases, it’s a reputation that they have rightfully earned. Now just imagine getting a call from a liability collector that is ... Read More
Most Popular Sin Taxes And Which States Are Using Them Most?
Ever since man has existed there has been sin. While people sin differently, everyone has their flaws. Even though many taxpayers feel as though the amount of money they lose to the government is sinful, the government on the other hand loves to tax “sin.” Many sins come in the form of vices, products or hobbies that are known ... Read More
Tax Season Begins This Month – Are You Ready?
January signifies a lot of things, but one of the most common things associated with every New Year is resolutions or goals. People make a lot of different resolutions every year, with some of the most typical ones being weight loss, exercising more, eating better and spending more time with loved ones to name just a few. One ... Read More
Can a Flexible Spending Account Help Save You Taxes?
Flexibility. It’s a word that is usually associated with something positive. The more flexibility a person has in their joints and muscles the healthier they seem to be. The more flexibility people have at work, the happier they seem to be with their employment. The more flexibility people have to pay off liability or a bill, ... Read More
Don’t Fall Into These IRS Tax Penalty Traps
Paying taxes in and of itself is no fun for anyone. However, when you get your tax return all done and then find out that the IRS has added a tax penalty onto your bill in addition to the amount you already owe, or have paid, that really lets the air out of your sails. The IRS tax penalties can be assessed on your bill for a lot ... Read More
How to Handle an IRS Notice of Deficiency
Receiving any kind of notice from the IRS is usually scary, for most people. A letter from everyone’s favorite tax agency is not a letter most people are looking to get in their mailbox; and usually it’s not good news when that kind of letter shows up. One such letter that no one ever wants to receive is a notice of deficiency. ... Read More
Looking to Keep Your Social Security Tax Bill Down?
Have you reached your golden years and you’re already enjoying your Social Security benefits? Perhaps you’ve just barely reached the age of retirement and you’re still deciding whether or not you should start collecting your payments now, or if you’d be better off waiting for a few more years. Social Security benefits are an ... Read More
Apple Could Be Facing Some Tax Troubles in Ireland
Apple, Inc. is a hugely successful company, with some of the most popular products in the world. It’s no surprise that Apple does very well financially, including racking up more than $182 billion in revenue in 2014. So whether you drink the “Apple juice” or not, there’s no arguing that the company is great at what it does. ... Read More