4 Steps to Resolve Tax Debt with the IRS
Tackle what you owe before the consequences and balance grow.
taxes
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7 Legal Ways to Reduce Your Tax Bill
Looking for ways to slash your tax bill? Laura reviews seven legitimate ways to eliminate your entire tax bill or increase your tax refund and keep more of your money.
5 Tips for Keeping Tax and Other Financial Records
Filing cabinet overstuffed? It’s time to get clarity on which documents you can safely toss, what records you should save, and for how long. Laura reviews five tips for keeping tax and other financial records and staying compliant with IRS rules.
7 Strategies to Reduce Your Tax Burden
No one wants to fork over their hard-earned money to Uncle Sam. Follow these tax strategies to keep more of what you made in 2019.
The States With the Lowest Tax Burdens Help the Rich Stay Rich
A new study shows residents in states with the lowest income taxes pay less to the IRS.
5 Things To Do When You Can’t Pay Your Tax Bill
Be proactive about addressing financial shortfalls and tax debts.
How to Tell the Difference Between Real Tax Debt Assistance and a Scam
These red flags may show you’re dealing with a fraudulent company that wants to take your money without providing tax relief in return.
5 Things to Help You Prepare for a Tax Audit
Being ready for this unpleasant event can alleviate some of the pain, time, and cost.
7 Smart Ways to Use Your Tax Refund
From covering healthcare costs to paying off debt, there are wiser ways to spend your tax refund than vacations and luxury buys.
6 Things to Know About Self-Employment Tax
Calculating this expense in advance can ease your tax load.
5 Deductions Small Business Owners Don’t Take Advantage Of
Lower your tax burden and free up cash to grow your business.
7 Steps for Freelancers to Plan Out Tax Payments
Here’s why paying taxes sooner than later actually pays off.
Run from These 8 Red Flags in a Tax Preparer
Watch out for these signs of a sketchy or unqualified tax preparer that could lead to tax trouble.
Don’t Miss Out on Tax Savings for These 5 Health Savings Account Expenses
Think your HSA is limited to paying for doctor and hospital visits? This list of eligible medical expenses may surprise you.
6 Things that Could Delay Your IRS Tax Refund
Don’t let these tax filing missteps put your tax refund on hold.
6 Ways to Scrounge Up Money to Pay Taxes
Don’t have enough money to pay your income tax? Maybe it’s time to get creative.
6 Tips for Choosing a Tax Preparer
Here’s why not just any tax preparer will do and how to choose the right professional for you.
Watch Out for These 6 IRS Tax Scams
Don’t be fooled by tax scammers out to steal your identity or money.
7 Questions to Ask Before Hiring a Tax Preparer
Make sure a tax preparer answers these crucial questions before filing your 2021 income taxes.
9 Best Tax Software Solutions for You
Here’s why not just any tax preparer will do and how to choose the right professional for you.
Are You Eligible for Advance Child Tax Credit?
The child tax credit is a federal benefit that puts money back in the pockets of qualifying families.
A CPA Explains Why Biden Can’t Pay for his Infrastructure Plan with Money from Tax Cheats
Any day now, President Biden will officially roll out his big infrastructure plan – which sounds good since we all want to fix our decaying roads, airports, and bridges. It’s been talked about and chewed over so much, the only surprise will be in the details. Broadly speaking, the White House wants to spend $2 […]
6 Ways COVID-19 Affects How You File Income Taxes in 2021
Know these 6 ways COVID-19 could affect taxes before filing your 2020 income taxes.
2020 Guide to Using an HSA for Savings, Tax Breaks, and More
This complete guide will help you start an HSA and use it to your financial advantage.
Taxes and Pandemics: What No One has Told You Yet
Yes, the IRS is cutting you a break during this pandemic, but if you’re not careful, you can still lose money.
5 Things to Know About the Home Office Tax Deduction and Coronavirus
Find out who qualifies for the home office tax deduction and how to claim this valuable tax break.
9 Things to Know About Setting Up an IRS Tax Payment Plan
If you can’t pay federal taxes by April 15, you may qualify for a payment plan with the IRS.
Watch for These 6 Signs of Tax-Related Identity Theft
Here’s how to spot possible tax identity theft and prevent tax fraud in your name.
4 Situations Where the Government Can Seize Your Tax Refund
When you owe money to a government agency, your tax refund may become just one more payment.
6 New Changes for Filing 2019 Federal Income Taxes
There was no sweeping tax reform in 2019, but you’ll still notice some important changes when you file.
Your Guide to Claiming a Legit Home Office Tax Deduction
Does your side gig, freelance work, or small business qualify you to claim the money-saving home office tax deduction? Find out how to save money this tax season.
2020 Tax Season Update: New Year, New Tax Laws
Updates to the tax season aren’t as major as last year’s. But some may help you pocket a little extra money.
7 Answers to Frequently Asked Income Tax Questions
Money Girl answers 7 common questions about paying income tax that will help you comply with the law, minimize what you owe, understand tax deductions and credits, pay household workers or nannies properly, and avoid trouble if you can’t pay Uncle Sam on time.
Tax Filing Tips and Warnings You Should Know About
With the 2020 tax season well underway, here are some ways to avoid tax fraud and get your returns early – among other benefits.
IRS Fresh Start
If you are struggling with tax debt and feel like it’s an endless journey, your situation may not be as dire as you think. The IRS Fresh Start initiative was created to make it easier and more accessible for people to repay or settle their tax debt. Taxes often seem overwhelming and over-complicated, like a […]
Why You Should Care About Tax Identity Theft Awareness Week
What happens when you combine identity theft with taxes? Double the trouble and twice the pain.
IRS Innocent Spouse Relief
When it comes to back taxes, the IRS doesn’t let an unpaid debt go easily. In truth, there are very few ways to qualify for tax debt forgiveness – even partial forgiveness. That makes Innocent Spouse relief unique, because it’s one of the few ways you can qualify for full tax forgiveness. What is Innocent […]
Back Taxes: End Your Challenges with Unpaid Tax Debt
What are back taxes? Back taxes are any taxes that you owe that remain unpaid after the year that they are due. Basically, if you let an entire filing year go by without paying the IRS what you owe, it’s considered “back taxes.” It’s important to note that even taxes you don’t pay within a […]
When Your State Has A Sales Tax Holiday In 2016
Find out when your state has a back-to-school sales tax holiday this year!
Tax Debt Consolidation
When you want to consolidate unpaid tax debt from multiple years into a single repayment plan, you typically use an installment agreement (IA). We explain how this differs from credit card and student loan consolidation and how it works.
Can Debt Collectors Garnish My Wages?
When you owe money to a debt collector, there’s a chance they can sue you and get a court order for garnishment that could affect your accounts.
The Realist’s Guide to IRS Tax Debt Forgiveness
While total tax debt forgiveness is a bit of a myth, there ARE relief options you can use to reduce or eliminate your liability on unpaid tax debt.
If My Spouse Owes Back Taxes Am I Liable?
If you’re married filing jointly and your spouse doesn’t pay the IRS, then you could find yourself on the hook for that tax debt unless you take these steps.
IRS Penalties and Interest: Reduce Your Tax Bill with Penalty Abatement
Learn how IRS penalties and interest work and how you can use penalty abatement to reduce the total tax debt you owe, so it’s easier to pay off back taxes.
IRS Bank Levies: Tapping Your Accounts
Levies allow the IRS to take money directly out of your bank accounts to cover unpaid tax debt. Learn how to protect your cash flow from levies.
Answers to Common—and Not So Common—Tax Questions
As tax-filing seasons go, the past two years have been unlike any other. Income tax filings have been delayed and this year taxpayers need to get updated information on child tax credits and stimulus. It’s created a filing panic as we approach the May 17 filing deadline for 2020 federal income taxes. So, here’s everything […]