Operation Hidden Treasure: Cryptocurrency And Your Taxes
Cryptocurrency has become an incredibly popular way to invest, but the tax side of this virtual coin can be difficult to navigate. The IRS has gone back and forth over the years on its stance on…
8 Ways to Get Ready for Tax Season and Avoid a Back Tax Problem
The holidays are here. Not to be a grinch but right around the corner is a less fondly anticipated time of year. Before you know it, you will be taking down the Christmas tree, pulling down the…
Tips for Finding a Qualified Tax Resolution Firm
Given how high the stakes are, it is surprising how little thought many people give to their taxes. All too often, individuals simply walk into a neighborhood storefront, hand over their most…
4 Common Tax Return Mistakes That Could Get You in Trouble with the IRS
As the tax-filing season unfolds, many taxpayers are taking the bull by the horns and doing their own taxes. Though it may seem like good news for the individual taxpayer, it’s important to watch out…
Does the IRS Disagree with Your Income Figures? 7 Critical Steps to Take Next
It is one of the scariest things that can befall a taxpayer - the dreaded notice from the IRS stating you owe them more money you can’t pay. When you open up the mailbox and see the return address of…
Which Tax Records to Keep and For How Long. Do This And Avoid Tax Problems Later.
Whether you are expecting a nice tax refund or preparing to write a big scary check, you know that April 15 is the annual tax filing deadline. What you may not know, however, is that tax day is every…
Key Things to Look for in a Tax Relief Firm
No one wants to be on the bad side of the IRS, yet that is where millions of taxpayers find themselves each and every year. As enforcement efforts ramp up at the IRS, the number of letters and…
Do You Owe Back Taxes? Take These Steps to Protect Yourself and Your Finances
Few things are as frightening as opening the mailbox and finding a letter from the IRS, especially when you know you owe them money. The much-feared tax agency does not contact taxpayers just to say…
How to Turn Your Side Hustle Into a Massive Tax Deduction
If you took on a side hustle last year to make ends meet and earn some extra cash, you may have found an unexpected surprise when you filed your taxes. If you did not prepare carefully, you probably…
5 Things That Can Unexpectedly Raise Your Taxes
Proper tax planning is a year-round proposition. You cannot afford to wait until April to start planning your taxes and assessing your tax liability. Knowing which factors can raise your taxes is one…