Tag: accounting

Filing federal and state income taxes is not as simple as you would believe. It’s all too easy to make minor errors on a tax return, such as reporting income... Read More

Every American is required by the IRS to file their taxes each year, with the assumption that they will pay their tax obligation immediately after filing. The majority of taxpayers... Read More

The IRS can send many notices to your house that were uncalled for, and they could be confusing and stressful to look at. These notices can go over your head... Read More

The IRS offers a variety of payment plans to help taxpayers pay off their back taxes. These programs differ; you may receive a free installment plan or a pricier one.... Read More

Payroll taxes are the most strictly enforced by the IRS of any sort of tax. They are highly concerned about unpaid payroll taxes and have hefty penalties for late payment.... Read More

When you move to a new country, it’s easy to lose sight of your previous responsibilities. Many expats have not submitted their tax returns in the 10 or five years... Read More

IRS audits are uncommon, but they can be extremely harmful if not handled properly with appropriate representation and proof. Many taxpayers become terrified when they hear the words “audit,” particularly... Read More

Many parents are unaware that claiming their children as dependents might save them money on taxes. Claiming a dependent can drastically cut your taxable income and enhance your tax return.... Read More

Every day, about 2,400 divorces are filed in the United States, resulting in an average of 16,800 divorces each week and more than 875,000 divorces per year. Divorce affects 13.2... Read More

Back taxes are any past-due taxes that were not filed on time. Many taxpayers are unable to pay their taxes and, as a result, are afraid to file their returns.... Read More