Filling out and filing taxes can oftentimes be a stress-inducing task, and there are many different issues that arise throughout the process. This is a guide for the top 3 most common tax issues: What receipts do I save throughout the year? You could potentially be losing on some tax deductions by not saving receipts. […]
Did you receive a notice stating that you have a tax lien and now wondering what that means? To receive help with tax liens, you will first need to understand exactly what they are. A federal tax lien occurs when you do not pay a tax debt, and the government makes a legal claim against […]
Filing your taxes can be a daunting task, and there are a wide variety of questions that often come to mind when thinking about their completion. Here is a compilation of some of the common questions asked during tax preparation to help ease your stress when filing: Filing Status? One of the most common tax […]
Now that the tax deadline has passed, many people tend to relax about tracking their finances. Rather than being stressed out next season, use these three taxpaying tips to help make filing your 2016 taxes easier: 1: Keep all of your tax files in one location Use a file box or designated drawer to keep […]
Overview: A tax audit is the examination of an individual’s or organization’s tax return by the Internal Revenue Service (IRS), to verify that the income and deductions stated are accurate. The IRS is also responsible for enforcing the Internal Revenue Code. To ensure the tax return is completed correctly, an individual or business will usually engage a professional […]
The tax season is over and some people are preparing for vacation thanks to their huge refund, while others are looking for every extra penny to pay the money they owe. If you find yourself owing money, have no fear, we are here to help. Preparing tax returns can be quite a daunting task. You […]
It’s tax refund time! Do you have a plan for what you are doing with your tax refund this year? Depending on how large your refund was, many options might be available to you. A few conservative options may be to put it in savings, pay off a credit card, make an extra payment on […]
Have you been contacted by the IRS concerning a tax penalty you owe? Have you even filed your taxes yet? It might be time to get moving! If you have not yet filed last year’s taxes or any previous year’s, you may be accruing a penalty, or possibly have a refund waiting for you. It […]
Do you have back taxes owed from previous years? Back taxes are any taxes that were not paid in the year they were due. This is not uncommon, especially when you realize you do not have the funds available to cover your tax debt after filing your return. You are not alone and there are […]
Have you not been filing taxes in previous years? How about this year? Falling behind on your taxes can be scary. Maybe you thought you weren’t required to file or you were unable to pay the taxes owed at the time and decided not to file. Or maybe you just didn’t bother to take the […]
