February 9, 2016
The e-file process allows taxpayers to submit their taxes electronically by connecting to the Internal Revenue Service’s (IRS) Electronic Filing System. E-filing can be done from a computer (as well as some modern smartphones and tablets) using...
November 10, 2015
To give you a head start on the 2016 tax year, Bloomberg BNA has released their tax rate/bracket predictions.
The Federal income tax currently consists of 7 rate brackets: 10%, 15%, 25%, 28...
November 5, 2015
When tax time comes around, inevitably there are people who are not able to pay everything they owe.
Although the IRS always prefers that you find a way to pay your taxes in full, circumstances can sometimes prevent that from happening. If...
November 3, 2015
The U.S. government expects you to pay income taxes to the IRS each year. Most Americans have taxes withheld from their wages, which helps to avoid owing the IRS a large sum at the end of the year....
October 30, 2015
October 28, 2015
The ability to work for yourself and be your own boss is an exciting prospect. Becoming self-employed in your field of expertise can give you the freedom to find a work-life balance that is hard to achieve when you are employed by a someone else...
October 23, 2015
If you owe back taxes, the IRS may place a tax levy on your property and/or assets. A tax levy is defined as “a legal seizure of your property to satisfy a tax debt.”
Keep in mind that a tax levy is...
October 16, 2015
It is recommended that you file any tax returns that are due, whether or not you can pay your tax liability in full. The longer you wait to file, the higher your late fees and interest charges will be.
October 14, 2015
If you have a large amount of tax debt that you cannot pay in full, you may want to consider an Offer in Compromise (OIC).
With an OIC, a qualified taxpayer can submit an offer to the IRS and request to...