Help for Your Tax Problems
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- June 30, 2021
A Guide to Avoiding, Stopping, Fighting, or Settling Tax Levies
Do you owe the IRS back taxes? If so, and you’re unable to pay the liability, you could be in danger of a tax levy. This means losing much more than money. The government has the power to claim whatever’s needed when settling tax liability. This means utilizing a tax levy to reconcile unpaid taxes. […]
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- June 29, 2021
A Guide to the Innocent Spouse Relief Program
Going through a divorce or losing a spouse is a horrible experience to deal with. The emotional toll on any person is more than enough to deal with let alone the task of dealing with assets and liabilities. This situation becomes much worse if one of those liabilities is IRS tax liability. Assets and other […]
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- June 28, 2021
IRS Audits: What Triggers It and What Happens
One of the biggest fears of many of my clients is the risk of a tax audit or examination by the IRS. While the actual chances of getting audited are exceptionally low, it is the last thing one wants to go through. If you are doing things correctly, then going through an audit is nothing […]
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- June 25, 2021
Earned Income Tax Credit: What It Is and How to Claim It
In tough times the hardest hit is always the low-income earners in our society. This past year has been one of the toughest times this nation has ever seen. It is important at this time to know all the tax credits available when filing your return to either reduce your tax liability or strengthen your […]
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- June 24, 2021
Explaining Capital Gains and Tax Rates
During a very tough 2020 year for many, it seems that the values of properties have skyrocketed in many forms. Property is not just relating to real estate or real property. The IRS considers property anything owned by a person or entity. Property is divided into two types: real property is any interest in land, […]
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- June 23, 2021
An Introduction to Backup Withholding
Is your income subject to something called backup withholding? If you think you may be in this category, it’s important to understand what to expect. If you think you can avoid payments to the IRS, think again. The Internal Revenue Service has a plethora of tools to make sure taxes are reported correctly and paid […]
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- June 22, 2021
Taxable Income: What You Should Report to the IRS
A quite common question that I hear a lot of is “Do I have to file taxes on my income?”. This question comes from a lot of different types of people. The confusion comes because some income is taxable, and some income is not. Also, for low-income earners there are minimum filing requirements. This can […]
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- June 21, 2021
How Solar Tax Credit Works
With the science showing indications that there is a necessity to change the way energy is provided, many people are making the change towards renewable energy. Renewable energy is useful energy that is collected from renewable resources, which are naturally replenished on a human timescale, including carbon-neutral sources like sunlight, wind, rain, tides, waves, and […]
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- June 18, 2021
A Guide to Paying Taxes on Cryptocurrency
With the new craze of investing in cryptocurrency sweeping the world, questions arise about if they are taxed. The answer is yes. In this article today, I will discuss the laws that are laid out for how cryptocurrency is being taxed. I will then go into the importance of reporting all crypto transactions and how […]
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- June 17, 2021
An Introduction to G7 Global Tax Reforms
One of the biggest issues with our economy is keeping businesses within the United States. Obviously, corporate tax dollars are important to the US economy. There has been a long and contentious battle between nations, some offering low to zero taxes to lure businesses. Well, earlier this month there was a major agreement in principle […]
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