Category: Tax Policies
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...
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 ...
For serving in the US military, Uncle Sam kindly rewards troops and servicepeople. He offers both tax breaks and tax deductions not available to civilians. Taking advantage at least some, if not all, will bolster your financial standing. This applies...
Fortunately, the answer is not forever. The statute of limitations on federal tax debt is 10 years. This means the IRS must cease trying to collect your debt 10 years after filing your return or being audited. However, it’s not quite this simple. U...
If you haven’t noticed, Bitcoin and other virtual currencies have landed on the scene. And with its current performance in the stock market, it seems with good footing. With these new investments come many questions – importantly, how does th...
2017 is almost over, and we hope you’ve been saving your receipts for tax reason. While you organize and prepare all of your files, there are a few ways you can boost your deductions and credits, and therefore your refund. You have plenty of time t...
When it comes to your finances, a little help can go a long way. This tax season, you might want to hire a tax professional. They can help you navigate the complexities of your financial situation. This will include the many tax rules that apply to y...
If you know that your boss is going to be giving you a bonus at the end of the year, congratulations! Getting a holiday bonus is one of the perks of working at a company through the end of the calendar year. You can use your bonus for Christmas prese...
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