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.
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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 […]
Watch Out for These 6 IRS Tax Scams
Don’t be fooled by tax scammers out to steal your identity or money.
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.
7 Questions to Ask Before Hiring a Tax Preparer
Make sure a tax preparer answers these crucial questions 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.
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.
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 Do When You Can’t Pay Your Tax Bill
Be proactive about addressing financial shortfalls and tax debts.
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.
4 Steps to Resolve Tax Debt with the IRS
Tackle what you owe before the consequences and balance grow.
6 Things to Know About Self-Employment Tax
Calculating this expense in advance can ease your tax load.
7 Steps for Freelancers to Plan Out Tax Payments
Here’s why paying taxes sooner than later actually pays off.
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.
8 Things That Can Delay Your Income Tax Refund
Don’t let these 8 factors hold up your federal tax refund.
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 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.
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.
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.
5 Deductions Small Business Owners Don’t Take Advantage Of
Lower your tax burden and free up cash to grow your business.
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.
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.
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.
Do I Have to Pay Taxes on Freelance Work?
Freelance taxes and side gig taxes are complicated with so many forms to track and receipts to record. This guide helps you navigate tax season.
How Do I Know If I Owe the IRS?
Even a simple matter like figuring out how much you owe can be complicated when it comes to the IRS. Learn three ways to determine if (and how much) you owe the IRS, with helpful tips on what you can do once you know your real balance.
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.
Where’s My Tax Refund?
It’s that time of year again! Federal income tax season officially opens on January 27, 2020. That’s the first day that taxpayers can file their taxes in hopes of getting their refund as early as possible. Millions of Americans rely on their annual tax refund to pay off debt, make key purchases and, unfortunately, just […]
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.
Does Bankruptcy Clear Tax Debt?
Both IRS and state tax debt can be discharged during bankruptcy, but the amount you end up paying depends on your financial situation and the chapter you file.
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.
Your Guide to an IRS Tax Audit
It may seem scary, but this guide can calmly take you through the process of dealing with an audit.
How Does the IRS Find Out about Unreported Income?
Even if you don’t file a tax return, the IRS can still find you from data they collect from third-party bank and credit info.
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.