Understanding Innocent Spouse Relief
The term "innocent spouse relief" refers to the IRS's authority to reduce or eliminate taxes for married couples. The IRS is authorized...
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- Nov 16
What Is The Collection Statute Expiration Date (CSED)
The Collection Statute Expiration Date (CSED) marks the end of the collection period, the time period established by law when the IRS can...
- Nov 7
What Do I Do After Receiving The CP523 Notice From The IRS?
Ignoring IRS notices is never a good idea, especially if you've already reached an installment agreement with the IRS. If you enter into...
- Nov 2
4 IRS Installment Agreements That You Should Know About
The IRS recommends individuals pay their tax debts in full to avoid further fees. The IRS permits taxpayers who are unable to pay their...
- Oct 26
Is Requesting For Currently-Not-Collectible Status The Right Tax Bill Option For Me?
The IRS is sending you tax bills, but you're not able to afford to pay them so the IRS threatened a tax lien or tax levy on your...
- Oct 21
The IRS Reminds Taxpayers With Eligible Dependents That They Can Qualify For 2021 Child Tax Credit
On October 17, 2022, the IRS sent out an announcement regarding the Child Tax Credit (CTC). Taxpayers who claim at least one child as...
- Oct 20
The Florida Motor Fuel Tax Relief Act Of 2022 Effective October 1 - October 31
The Florida Legislature passed the Florida Motor Fuel Tax Relief Act of 2022 on Saturday, October 1. The total amount of tax reduction...
- Oct 19
The IRS Announces Tax Inflation Adjustments, Marginal Tax Brackets, & Tax Income Rates For 2023
On Tuesday, October 18, 2022, the Internal Revenue Service revealed inflation-adjusted marginal rates and brackets for 2023, and many...
- Oct 11
Hurricane Ian Victims In North And South Carolina Automatically Qualify For Tax Relief
The IRS announced on October 5, 2022, that Hurricane Ian victims located all throughout North and South Carolina have until February 15,...
- Oct 10
What Is Child And Dependent Care Credit?
The Child and Dependent Care Credit is a federal tax credit that assists families in paying for child care expenses while working or...
- Oct 5
Parents Who Missed Out On The $3,600 Child Tax Credit Can Claim By November 15
Last year, a generous child tax credit provided qualifying parents with up to $3,600 per child. For families who missed out on some of...
- Oct 4
Work Opportunity Tax Credit: Employers May Be Eligible To Earn A Federal Income Tax Credit Incentive
In mid-September, the IRS released some updated information on the Work Opportunity Tax Credit (WOTC), a one-time federal tax credit...
- Oct 4
Hurricane Ian Victims Get Federal Tax Relief From The IRS
The Internal Revenue Service announced on Thursday, September 29 that the deadline for filing individual and business tax forms and...
- Sep 30
State Inflation Relief Checks 2022: Find Out If Your State Is Providing State Stimulus Checks
To assist American citizens through the pandemic, many state governments are offering and providing one-time tax rebates and stimulus...
- Sep 27
File Your 2019/2020 Tax Returns By September 30 To Receive Penalty Relief
The IRS reminds struggling individuals and businesses affected by the COVID-19 pandemic to file their 2019 and 2020 tax returns by...
- Sep 26
What Is Earned Income Tax Credit & How Do I Qualify?
The earned income tax credit (EITC) is a refundable tax credit for workers with low and moderate incomes with qualifying children. You...
- Sep 23
PPP Loan Recipients Are Subject To Taxes If They Fail To Meet These Conditions
The IRS has found that certain PPP loan borrowers who were forgiven their debt did not meet one or more eligibility requirements. These...
- Sep 22
What Do I Do After Receiving A CP-14 "Balance Due" Notice From The IRS?
The IRS sends out a CP-14 notice because you owe money on unpaid taxes. Whether you agree or disagree with the amount or think the IRS...
- Sep 21
What Is Taxable Income? How Is It Calculated?
Taxable income is the portion of your gross income that the IRS determines to be taxable annually that consists of both earned and...
- Sep 20
Filing The Final Tax Return For A Deceased Taxpayer
The final tax return for a deceased person is filed by their surviving spouse or legal representative. The surviving spouse or...