Finding Real Life Solutions To Your Tax Problem
Despite disagreements about countless matters, Americans typically agree on two things: Filing taxes is the last thing anyone wants to do It's best to avoid dealing with the Internal Revenue Service (IRS) Regardless of whether your paychecks total $50,000 per year or...
To say 2020 has presented unique economic challenges may be the understatement of a lifetime. Along with health scares, political uprisings and shelter-in-place orders, many income earners experienced business closures. Whether temporary or long-term, the threat to...
It is no secret that California maintains the highest income tax rate in the nation. Yet, nearing the tail end of a catastrophic global pandemic, more judicial proposals seek to target earnings.Pending tax bills would extend beyond an increase on future income. If...
To curb economic disruption caused by the pandemic, The White House is pitching an executive order to ease tax liabilities on workers and businesses by giving them a “tax holiday.” The holiday would halt the collection of payroll taxes, temporarily putting...
Taxpayers in California and across the United States have a short time window before the president's tax order goes into effect. But reports suggest many aren't ready for the transition.The deferral begins Sept. 1 and runs through the end of the calendar year....
If you've ever gotten money back after filing your tax return, you probably know what it's like to wait for the IRS to process your refund so you can take a vacation, pay other debts or invest in your future. Considering this year's shutdowns and July Tax Day, waiting...
Married couples hold many benefits. Not only can they share their lives together, they can also get special tax privileges. But this financial advantage comes with great responsibility. If spouses file a joint tax return, they can be equally liable for those returns...
IRS audits can be scary. But if you don't know how the agency conducts them, it's hard to know if they're legitimate. As the IRS issued its "Dirty Dozen" tax scams of 2020, it's in your best interest to make sure you're not falling victim to criminal acts.The IRS has...
Now that you filed your 2019 return, you might think you are done dealing with taxes until next spring. However, if the IRS determines there is something amiss with your reporting, you could face criminal charges. A person found guilty of a willful attempt to "evade...
You had expected to hear from the IRS. The notice came in the mail yesterday. You and your business will undergo a painstaking tax audit. With the confirmation, there is some relief, but more worries, deadlines and conversations await you.A sensitive IRS audit with a...