10 Things You Should Know About the 2020 Tax Extension

The COVID-19 (coronavirus) pandemic has had an unforeseeable impact on the finances of most American taxpayers. In response, the IRS has extended this year’s filing deadline from April 15, 2020 to July 15, 2020. Working Americans are still adjusting to the “new normal” of social distancing. Some employers have enabled tools allowing for remote or…

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Tax Write-Offs You Didn’t Know About

Before you file your next tax return, it’s important to know what new tax deductions you qualify for. By doing your research ahead of time, you can help save money this next tax season. You may even be able to deduct more than the previous tax years because of the passing of the Tax Cuts…

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Simple Tax Tips for 1099 Earners

1099 earners are typically considered independent contractors or self-employed. If you fall under this category, this means that you work for yourself and have to abide by certain IRS guidelines in order to stay compliant with the IRS. Being self-employed means that you have certain responsibilities; you must keep track of all expenses you’ve been…

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How Different Retirement Plans Can Affect the Way You File

Planning for your retirement is important – it should never be put off!  It’s even more important to understand which plan works best for you and to investigate how it will affect you when it’s time to file your tax return. While there are many different types of retirement accounts you can choose from, the…

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Can the IRS Take Action Against Me?

If you owe a balance to the IRS, one question you may be asking yourself is, what happens if I don’t pay back my tax liability? There are many ways the IRS can come after you. and it’s important to understand how to protect your assets, your money, and yourself. If you owe a tax…

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You Missed the Tax Deadline, Now What?

Although most would prefer to just forget about it, tax filing season is unavoidable when it comes around at the beginning of each year. The IRS requires all U.S. citizens to file a tax return if their income is above a certain threshold. The repercussions for failing to file a tax return can be severe,…

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What you Should Know before Filing your Taxes

Although the tax deadline has come and gone, it is still important to keep yourself up to date on all the tax changes that have occurred so you can make the most of it when filing your return. Some of the biggest changes in our tax law happened in December of 2017 and have affected…

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What Can a Tax Relief Company do for Me?

Dealing with the IRS can be intimidating, especially if you’re not familiar with the current tax laws in place. Although it may seem like you’re out of options and at your wit’s end when trying to deal with the IRS, there are resources available for any taxpayer who wants to become compliant with the IRS.…

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Understanding your IRS Notice

Each year the IRS sends out millions of notices to taxpayers. These notices could have been sent to you for a number of different reasons, whether they’re providing information about your tax return, confirming changes to your account, requesting a payment, or even just advising you that you are eligible for a tax credit. If…

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The Top Tax Scams of 2019

It’s already terrifying enough dealing with the IRS if you owe a tax liability or if you just received a letter requesting more information. For those who are not familiar with how the IRS works, you could easily mistake any phone call, letter, or knock on the door for someone that works for the IRS.…

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