Edge Financial Blog

We love writing about tax, talking about tax, and regaling all things tax.

Featured Article

Filing your taxes takes forever. Right? At least that’s what we hear. Ask any Joe or Jane Schmo on the street, and you’ll hear the same thing. Taxes are a long process that can take days or weeks. It’s really rarely that bad, but it’s that pe...


Latest Posts
Private Tax Debt Collectors and How to Deal With Them

Following approval by Congress in 2015, private companies will contact you to pressure payment of tax debt. If you are one of those that are passed off to a private company, the IRS will send you a letter to confirm so. This strategy has been employe...

Done Filing? 5 Tasks Post Tax Season

You came, you claimed, you filed. Now what? Instead of kicking back and waiting for that return to process (although that’s part of it!), consider setting yourself up for a successful 2018 filing with a few small but impactful tasks. Additionally, ...

2018 Tax Tips for Expats

There are about 6 million Americans living abroad, and growing every year due to increasing economic flexibility and globalization. Although Americans may live elsewhere, they still have to file as citizens of the country. This come with an added sen...

A new calendar year means many things to many people, such as a fresh start on life, a chance to streamline daily routines, or a renewed commitment to goals and relationships. It’s also a time for making, keeping and sometimes breaking New Year...

How to Avoid Underpaying Estimated Taxes

Hit with an underpayment penalty or trying to continue avoiding one? These fees come from the IRS when you haven’t properly estimated how much tax you were going to owe to the IRS for a particular tax year. Those that do not have taxes withheld by ...

Is a Roth or Traditional IRA Better?

The question that every person asks when assessing their financial future: Traditional IRA or Roth IRA? A summarized answer is easy, but a deep dive comparison will solidify your choice. In general, if you believe your tax rate will be higher at reti...

Tax Benefits and Deductions for Military Families

For serving in the US military, Uncle Sam kindly rewards troops and servicepeople with both tax breaks and tax deductions not available to civilians. Taking advantage at least some, if not all, will bolster your financial standing whether you’re on...

How Long Does the IRS Have to Collect Your Debt?

Fortunately, the answer is not forever. The statute of limitations on federal tax debt is 10 years, meaning the IRS must cease trying to collection debt from you 10 years after filing your return or being audited. However, it’s not quite this simpl...

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