Let’s Talk About Small Business Taxes and Tax Deductions
One of the most critical things you must do when running a small business is file and pay your business taxes. Small business taxes can be intimidating because, let's be honest, the IRS is intimidating. Unless you're a CPA yourself, chances are that taxes are not your forte. You...
2 Ways the IRS Catches Tax Evaders
The Internal Revenue Service has a relatively modest staff, considering its function and mission. That being the case, the federal agency has a tough job pursuing millions of American taxpayers for what they owe but won't pay. Estimates of unpaid taxes point to a number in the...
3 Ideas for How to Save On Your Property Tax Bills
For buyers in many parts of the country, the cost of buying a home began to climb in the middle of 2022. They experienced relentless pressure not only from an increase in home prices but also from a 2 percent elevation in mortgage rates that added hundreds of dollars to the average...
The Growing Threat of Tax Return Fraud: How to Protect Yourself
As the tax-filing season gets underway, you likely have much to worry about. From concerns about a potential audit of your finances to worries about the size of your refund to concerns that you might actually owe the IRS some money, you already have a lot on your plate. Given the...
Owe Unpaid Taxes? See How a Debt Relief Agency Can Help
American taxpayers owe about a half-trillion dollars in unpaid taxes. If the IRS were to be successful in collecting all of it, it would slash the federal deficit by half. For this reason, the IRS tends to vigorously go after taxpayers who either evade taxes or pay less than they...
The Wash Sale Rule: What It Is and How to Avoid It
If you trade stocks, you need to know the wash sale rule. Stock trading is no longer limited to financial institutions and fund managers. Thanks to brokerage apps like Robinhood and SoFi, anyone can do it. As a newcomer to the stock market, though, you should familiarize yourself...
What are Transfer Taxes?
When you are moving, financial paperwork can be one of the biggest headaches. Something which can be confusing for anyone, whether buying or selling, are transfer taxes. Transfer taxes are levied by states, counties, and municipalities (so yes, you may well have to pay two or three...
Steps to Take if Someone Has Fraudulently Filed Your Return
Filing your taxes is bad enough, but finding out that someone has filed a fraudulent return on your behalf is even worse. Hopefully, you will never encounter this disconcerting situation, but if you do, it's important that you know what to do -- and what not to do. There are many...
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