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Tax Tips for the Self-Employed

Special Tax Considerations for Self-Employed IndividualsThe ability to work for yourself and be your own boss is an exciting prospect. Becoming self-employed in your field…

5 Popular Itemized Deductions

Commonly Used Tax Deductions for IndividualsWhen you prepare your tax return, you have the option of claiming the standard deduction or itemized deductions.While the standard…

What Is a Tax Levy?

Information About Federal Tax LeviesIf you owe back taxes, the IRS may place a tax levy on your property and/or assets. A tax levy is…

Tax Tips for Retired Persons

Special Tax Considerations for When You RetireMany people believe that once they retire, they will pay less in taxes due to a lower income. While…

The Additional Child Tax Credit

A Refundable Tax Credit for ParentsIf you have children, you may be able to lower your tax bill by claiming the Child Tax Credit. The…

Tips for Filing a Late Tax Return

File Your Past Due Tax Return To Avoid Further PenaltiesIt is recommended that you file any tax returns that are due, whether or not you…

Second and Additional Tax Extensions

For Individual TaxpayersUp until tax year 2005, a taxpayer could file IRS Tax Form 4868 (Application for Automatic Extension of Time to File U.S. Individual…

Settle Tax Debt With an Offer in Compromise

Learn About OICs & How They WorkIf you have a large amount of tax debt that you cannot pay in full, you may want to…