Category: Tax Tips
The squeeze you feel on your wallet might tighten if you’re suddenly hit with a tax bill. Simply put, there are those who just can’t pay. Fortunately, you have a few options. Read below to find the best for your financial situation. If you can af...
Taxes can be cringe-worthy…until you realize there are tax benefits that will boost your refund enough for a new pair of shoes. Tax benefits encompass both deductions and credits; the former reduces your taxable income while the latter lowers y...
Tax fraud isn’t done (solely) by dumpster diving anymore. Data breaches, phishing email scams, and more abound, like the ploy in which thieves pose as tax preparers and the IRS via fake email addresses. This means you need to do more to stay safe f...
You may have procrastinated or perhaps you haven’t tracked down all of your receipts for expenses. Whatever the case, you need time beyond April 18th to file your taxes. Although filing an extension is a fairly common, simple process, read below to...
Some of us are born procrastinators – others just like the thrill of getting things done last minute. Or perhaps your W2 got lost in the mail. Whatever your reason for filing your taxes right before the deadline, check out these pointers...
If you have back taxes to pay, act quickly – the penalties can severely harm your finances. Avoid accrued interest, liens, levies, and a damaged credit report by choosing one of the payment options below. IRS Installment Agreement This is the e...
So, you’ve got a Swiss bank account, or recently closed one, and may be wondering if you should report your money to the IRS. Unfortunately, and as you may know, Switzerland is generally closed off for stashing cash, and the IRS has teamed with the...
As a business owner, you are required to make friends with employment taxes – that means reporting and depositing them on a quarterly basis with Form 941, and a yearly basis with Form 944. Both forms include federal income tax withheld from you...
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