Can Cryptocurrency Cause Tax Debt?
Have you invested in the phenomenon that is cryptocurrency? Or are you still afraid to take the risk of venturing into the unknown? Though there are benefits to having virtual assets, many people aren’t aware…
Tax Preparation Checklist
Let’s face it: nobody really enjoys filing their taxes. But it’s something we all need to do, so why not make it a little easier for yourself? Instead of putting off your tax preparation until…
Is it Best To File Taxes Early Or Wait Until The Last Minute?
Unless you’re a real outlier, you probably don’t enjoy filing your taxes. And if you’re like millions of Americans, you may procrastinate them until the very last minute. But that’s OK, right? Not so fast!…
7 Options for Resolving Your Tax Debt
There are many reasons people fall behind on their tax debt: they’re too busy to file, they have gone through a life-altering event (divorce, death in the family) that caused them to miss deadlines, they…
Self-Employment Tax Tips
Are you dreaming of kicking your job to the curb and becoming self-employed? Well, you might benefit from doing so. There are a lot of perks that come with managing your own business. You’ll be…
Paying Taxes with a Credit Card: Pros and Cons
Are you thinking of using your credit card to clear your debt with the IRS? Well, it certainly seems like a convenient way to do it, doesn’t it? But before you rush into it, there…
6 Business Tax Saving Tips
Tax season is a stressful time for many, including business owners who need to report payroll, annual invoices, etc. The standard stresses can become even greater when companies save their paperwork to the last minute…
International Tax Issues: Do You Still Owe Taxes If You Move Outside The U.S.?
If you’re an American residing in a foreign country, it can be joyful to think that you have escaped the stress that comes with the tax season every April. That is, however, a misplaced belief….
Do’s and Don’ts of Setting Up an IRS Payment Plan
What happens if you owe more money to Uncle Sam than you can afford to pay at once? Your first reaction might be to panic. But while it’s easy to feel overwhelmed about the situation,…
Over 62 and Have Tax Debt? The IRS Has Some Special Rules for You
If the IRS and Uncle Sam are hounding you for tax payments, you may wonder: Can my assets be frozen? The answer is: The outcome depends on your specific situation. Seniors are often on fixed…