August - 2022

Colombian Singer-Songwriter Shakira May Potentially Face 8-Years Of Jail Time Over Alleged Tax Fraud

Shakira Isabel Mebarak Ripoll, also known as "Shakira" as her stage name, may have made a tax mistake but Spanish officials have not yet...

The Inflation Reduction Act Of 2022 Will Not Be Closing The Carried Interest Tax Loophole

Democratic tax reformers have long sought to close the carried interest tax loophole, but Arizona Senator Kyrsten Sinema, who has gotten...

Expanded Child Tax Credit: Is Your State Considering To Send Child Tax Credit Checks?

Since families with high incomes pay a smaller percentage of their income in taxes than those with low incomes, the Child Tax Credit...

Your Business Owes Back Taxes: What's Your Next Step?

When your business owes the IRS money, a flow of consequences follows you around until the tax debt is paid. The IRS will withhold any...

How Do I Qualify For Injured Spouse Relief?

To be eligible for injured spouse relief, you must completely fill out and submit IRS Form 8379, Injured Spouse Allocation, and wait for...

What Happens If I End Up Filing My Taxes Wrong? What Do I Do Next?

What happens if you realize you have made a mistake after you have already filed your taxes? There's nothing to be concerned about. The...

What Happens If I Can't Pay My Taxes? Should I Still File?

The IRS does offer a number of resolution plans that are available to indebted taxpayers. Find out which resolution plan works for you...

My Funds Are All Frozen! How Do I Get The IRS To Release The Bank Levy?

The Internal Revenue Code authorizes the IRS to impose levies to collect delinquent tax payments. So under certain circumstances, the...

Tax Preparation Checklist: Gather Your Important Tax Documents When You File Your Taxes

A tax preparation checklist not only helps keep you organized during tax season but it'll helps you feel less stressed. Whether or not...

Tax Deadline For Truckers Approaching Quickly. What To Do If You Haven't Filed Yet

Courtesy of the Internal Revenue Service, the IRS is reminding those who have registered, or are required to register, large trucks and...

What Penalties Will I Receive If I File My Taxes Late?

The IRS can charge on two separate occasions: one for not filing a return and the other for not paying what you owe. There's no possible...

Here Are 3 Ways To Estimate Your Taxes

If you haven’t filed your taxes yet, it’s time to decide whether or not to apply for an extension, and part of that application is...

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