Tax Articles

Important Things You Need To Know About Amended Tax Returns

Everybody makes mistakes, even on tax returns. Filing an amended return isn't necessarily difficult but there are a couple of steps that...

Last Of The "Dirty Dozen" Annual List Of 2022: Tax Avoidance Methods Warnings Part 5

The IRS wrapped up the 2022 annual list of the "Dirty Dozen" tax scams on Friday, June 10, 2022, with a warning to taxpayers to avoid...

IRS Warns Taxpayers With "Dirty Dozen" 8th Tax Scam With Spear Phishing Part 4

Spear phishing is the eighth item on the IRS's "Dirty Dozen" scams warning list for 2022 and it is a severe problem since it may be...

"Dirty Dozen" 7th Tax Scam Newly Added To The 2022 Annual List Part 3

Identity thieves have continued to use suspicious communications for years to trick, surprise, or scare taxpayers into revealing personal...

The IRS Released 5th & 6th Items Of "Dirty Dozen" Tax Scams To Alert Taxpayers Part 2

At the beginning of the week, the IRS released the 5th and 6th items from the annual list of the 'Dirty Dozen' tax scams to help bring...

IRS Reveals The First Four "Dirty Dozen" Scams For 2022 Part 1

Because most individual taxpayers face a lot of scams while they're filing their tax returns, the IRS compiled the twelve most prevalent...

How Much Money Do I Need To Make To File Taxes In 2022?

Filing taxes may be very overwhelming for new taxpayers, especially if they don't know if they're within the income threshold to be...

Standard Deduction vs. Itemized Deduction: Which One Should I Choose?

You can either claim the standard deduction or the itemized deduction, but there's no way you can do both. Itemized deductions are...

You Probably Won't Hear From The IRS If You Do These 3 Things When Filing

Of course, nobody wants to come home from a long day and see a letter from the IRS saying there were errors and mistakes made on your tax...

What You Need To Know About Recovery Rebate Credit

If you didn't receive a third stimulus check or didn't receive the entire amount, you may be able to make up the difference by claiming...

Still Haven't Received Your Tax Refund? Look Forward To A 5% Interest Rate.

Taxpayers are fidgety, consistently tracking their tax refund status through the IRS’ Where’s My Refund tool for their awaited tax...

Gross & Net Income Simply Explained

Anyone who's a new taxpayer will eventually hear the terms gross and net income but have no idea how to tell the difference from each...

What Is Backup Withholding? Can I Avoid It?

Unless you’re a tax professional, mistakes are bound to happen when preparing documents and filing returns, such as inputting inaccurate...

What Are The Chances of Getting a Mortgage If I Owe Back Taxes to the IRS?

Owing back taxes to the IRS can complicate your life in several ways. If you’re looking to buy a house while you have a federal tax debt,...

About Us