Tax Articles

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...

The Complete Guide: Filing Taxes As An Independent Contractor (1099 Worker)

For tax purposes, the IRS treats independent contractors as self-employed individuals. That means you’re subject to a different set of...

How Long Should You Worry About Unfiled Tax Returns?

The IRS has an unlimited amount of time to access unfiled tax returns. Technically speaking, taxpayers should keep their tax records for...

I Have Unfiled Tax Returns. What Do I Need To Do Next?

Some of the worst tax penalties that the IRS and states impose are related to unfiled tax returns with an outstanding balance. Failure to...

Your Road To Tax Debt Relief: IRS Installment Agreements

So, you've got the news that every taxpayer hates to hear: You owe the government money! Thankfully, the IRS permits eligible taxpayers...

Top Practices For Filing Tax Returns In 2022

We are currently in the middle of the 2022 tax return filing season, and we get frequently asked for filing advice. Best practices for...

Tax Relief Programs: How IRS Fresh Start Initiative Helps Relieve Tax Liabilities

Owing money to the IRS or state could be quite a daunting aspect, especially when terms like liens, levies, and wage garnishments are...

IRS Increases Business Travel Mileage Rates On July 1st, 2022

The IRS announced on June 9, 2022, that it would raise the standard mileage rate for business mileage for the final six months of 2022...

What Tax Advantages Should I Know About Before Buying Or Leasing A Car?

As a business owner, you probably have to consider the decision of leasing or buying a car more than an ordinary person aiming to buy or...

Top 5 Tax Breaks Self-Employed Taxpayers Should Know About

When you’re self-employed, you’re the boss. But because you're the boss, that also means you’re the one stuck with the big tax bill. When...

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