Though you know you must pay taxes, you probably try to conserve your money as much as possible. Fiscally responsible though you may be, the Internal Revenue Service (IRS) calculation of additional fees often augments California's significant tax rate.Due to the...
Finding Real Life Solutions To Your Tax Problem
Month: June 2020
What do taxes have to do with traveling?
The current global health crisis affected every area of life. Temporary business closures, layoffs and distance learning put many incomes at risk, the natural result of which created complicated financial situations for many Californians.Travel bans have reduced...
Discharging taxes in bankruptcy after a substitute for return
You can't escape from death and taxes. However, you may be able to discharge certain tax liabilities through bankruptcy.Most tax debt can be discharged if you have filed tax returns for at least two years before seeking bankruptcy protection. However, if the IRS has...
3 tips for handling a face-to-face IRS audit
Many people dread filing their taxes. Even if taxpayers fill everything out they’re supposed to, the IRS may still dispute their submission, resulting in an audit. Depending on the circumstances, this may require taxpayers to go head-to-head with the agency. Audits...