Is there ever a benefit to not filing my tax return?
With tax deadlines looming on the horizon, you may be wondering if there is any way out of the yearly headache of preparing and filing your income taxes. Does everyone have to file every year?…
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8 Tips for Protecting Your Company from Payroll Tax Fraud
Let’s start with a riddle (of sorts): Question: What do payroll and police have in common? Answer: You might be expecting some association with fraud, since that’s the topic of this article, but we are…
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The Do’s and Don’ts of Classifying Workers as Employees vs. Independent Contractors
Why should you care about the do’s and don’ts of classifying workers as employees vs. independent contractors? One simple answer, and it has to do with avoiding financial penalties and criminal court: tax fraud. On…
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The Ultimate Financial Guide for Millennials
Remember that satisfying spinner in The Game of Life? Tick, tick, tick, and then it stops, and you count the steps to your next move. Novice players often marvel at how early discretion can provide…
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I just won the lottery. What tax problems did I just “win?”
We all dream of having that winning ticket, but as with all earnings, the IRS will want their share. Easy come, easy go! Here’s a closer look at what to expect from the IRS should…
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IRS Passport Issues- Warning: The IRS Can Keep You from Traveling Home
IRS Passport, Can The IRS Revoke Your Passport? Unpaid taxes burden millions of Americans, causing mountains of stress. Have you experienced any of the following? Your debit card is rejected at checkout (“insufficient funds”) because…
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5 Ways to Go Green and Reduce Your Taxes
The US tax code includes several green initiatives to incentivize homeowners to go green. These green initiatives take the form of tax credits. Tax ‘credits’ have a more direct effect on your tax bill than…
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Best Last-minute Year-end Expenses to Minimize Tax Liabilities?
2020 has been a tough year. Why not treat yourself to some savings? Read on to get actionable ideas for reducing your taxes. Then, act quickly, and ring out the old with a lower tax…
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Why You Should Seek IRS Representation When Getting Audited?
The IRS has some tax tips on their website about IRS representation and what it specifically means for taxpayers. Taxpayers have the right to have an authorized IRS representative represent their interests in front of…
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7 Income Streams for Millionaires: Tax Relief Help
Income is taxed by the federal government as well as the majority of states. Governments use income taxes to provide goods and services that benefit the American people. The three largest categories of expenditures from…
