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...
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- Oct 4, 2022
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, 2022
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, 2022
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 28, 2022
The California Middle-Class Tax Refund/Gas Rebate Check: What You Can Expect
In less than two weeks, California plans to begin issuing the Middle-Class Tax Refund (MCTR) also known as California Gas Rebate Checks...
- Sep 27, 2022
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, 2022
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, 2022
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, 2022
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 20, 2022
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...
- Sep 19, 2022
Here Are Different Methods To Pay Off Back Taxes
Owing taxes can be stressful especially if you're not able to pay them on time. In most cases, taxpayers would face penalties and...
- Sep 16, 2022
How Do I Respond To A Wage Garnishment Judgment?
Wage garnishment is a legal procedure in which a person's earnings are required by court order to be withheld by an employer for the...
- Sep 15, 2022
Attention Tax Extension Filers! Don't Forget To Consider Tax Benefits When Filing Your Returns!
About 19 million requests for filing extensions until October 17 were submitted to the IRS this year. During this time, the IRS reminds...
- Sep 14, 2022
IRS Is Refunding $1.2 Billion In Late-Filing Penalties To 1.6 Million Taxpayers. Do You Qualify?
Qualifying taxpayers are about to see a $750 increase in their bank accounts very soon. On August 24, the IRS agency issued a notice,...
- Sep 13, 2022
My Offer In Compromise Was Rejected, What Are My Next Steps?
If you're feeling frustrated after receiving an Offer In Compromise rejection letter, try not to worry. An Offer In Compromise isn't the...
- Sep 9, 2022
Is Your State Set To Tax Federal Student Loan Forgiveness?
There are potentially 13 states that could treat President Joe Biden's student loan forgiveness plan as taxable income for borrowers....
- Sep 8, 2022
Penalty Abatement: The Do's & Don'ts
Penalties and interest begin to accrue when tax payment deadlines are missed with no tax returns being filed. The most common penalties...
- Aug 29, 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...
- Aug 26, 2022
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...
- Aug 25, 2022
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...
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