The Procrastinator's Guide to Surviving Tax Day

If you are a procrastinator, tax filing season is probably the worst time of year. With deadlines looming, filling out all those complicated forms and making sense of an increasingly complex tax code…


1040 form - How to Amend a Tax Return for a Prior Year

How to Amend a Tax Return for a Prior Year

Tax returns can often be filed with incomplete or incorrect information, leading you to more tax trouble than you bargained for. If you filed early, you might have overlooked income from a temporary…


3 Essential Steps To Prepare for Tax Season and Avoid Tax Trouble

Taxes are one of those topics people hate to talk about or even think about, especially if they end up owing money in back taxes every year. That's why many taxpayers wait until the very last moment…


7 Tips to Reduce Your Chances of Falling Victim to Tax Identity Theft

Tax identity theft occurs when identity thieves obtain your Social Security number and file a fraudulent tax return on your behalf. According to the Federal Trade Commission, tax identity theft is…


Filing Your Taxes When You Know You'll Owe Money to The IRS

As we wrap up the year the last thing most people are thinking about is their taxes. But planning ahead can have a serious impact on your tax bill next year, especially if you know you’ll owe taxes.…


Do You Need A Tax Attorney if You Owe Back Taxes?

If you owe back taxes you might think you need a tax attorney, but that’s not necessarily always the case. Just like hiring a traditional accountant to try to resolve your tax debt might not be the…


Did You Know You Might Owe Taxes On Debt That's Forgiven? Here’s How It Works.

When you owe creditors money that you can't afford to repay, sometimes you may be able to get the debt forgiven or otherwise canceled. When this happens, you no longer owe your creditors the money…


Did You Make Money with Cryptocurrency? How to Get Right with the IRS

For early adopters of Bitcoin, Ethereum and other popular cryptocurrencies, the profit potential has been simply stunning. While there have been some heart stopping moments and frightening ups and…


Avoid These 5 Common Tax Filing Mistakes That Can Get You In Tax Trouble

Whether you file the simple 1040EZ or a complex 1040 and a raft of schedules, making a mistake on your tax form could lead to big tax trouble. Something as simple as a math error or unsigned form…


What is a Levy? IRS and Other Asset Levies Explained

Falling behind on your debts is never a fun place to be. It’s less fun when a levy is placed on your assets. In this article, we take a look at what an IRS levy is, why it happens, and what you can…