Recent Blog Posts
Tax Tips For New Parents
Becoming a parent for the first time can be physically and emotionally overwhelming, so it should come as no surprise that many new parents forget about, or are not aware of, the tax implications that are associated with adding a new member to your family. As a first-time parent, you have enough on your… Read More »
Preparing For A Business Tax Audit
Even those who make every attempt to be accurate when completing their business income tax returns could end up the subject of an IRS audit. Fortunately, there are steps that taxpayers can take to make the process go more smoothly, so if you recently received notice of an IRS audit, you should think about… Read More »
Should I Itemize My Deductions?
Many people mistakenly believe that tax deductions directly reduce the amount of taxes that they owe. The reality, however, is that tax deductions lower the amount of a taxpayer’s taxable income, which in turn, lowers his or her tax liability. There are a couple of different ways to track deductions when filing a federal… Read More »
What It Means To Receive Notice Of A Dishonored Payment From The IRS
Some taxpayers who have submitted their returns and payments are surprised when they receive Letter 608C, or a Dishonored Check Penalty statement. Having a check (or electronic payment) returned can have significant repercussions for taxpayers, so if you attempted to pay your taxes, but recently received notice that the payment wasn’t honored, you should… Read More »
Tax Relief For Spouses Via Separation Of Liability
There is nothing more frustrating for a person than to find out that he or she owes a tax debt that was actually accrued by a former partner. Fortunately, there are ways to avoid having to pay debts for which a spouse was responsible, so if you are disputing a tax debt, you should… Read More »
Eligibility For Equitable Relief
Taxpayers who don’t qualify for innocent spouse relief are not automatically out of luck. In fact, there are a few different options for those who are trying to avoid being held responsible for a spouse’s tax debt, so if you received a notice from the IRS of a tax debt for which you are… Read More »
Do I Qualify For Innocent Spouse Relief?
Many married taxpayers file joint tax returns, as doing so comes with certain tax-related benefits. There are, however, some limitations that come with filing taxes jointly. For instance, by filing jointly, taxpayers are agreeing to be held jointly and severally liable for any taxes that they owe, including interest and penalties. Basically, this means… Read More »
When, How, And Where To File Your Taxes
Even taxpayers who have successfully filed their taxes in the past could find themselves facing unfamiliar issues, delayed refunds, or improperly assessed penalties. To help, we have included a few general tips about when, how, and where to file your taxes. These are, however, are only basic guidelines that may not account for a… Read More »
Steer Clear Of These Common Tax Return Errors
As the extended May 17th tax return filing deadline grows ever closer, taxpayers should keep an eye out for certain errors when filing, which, if left unaddressed can affect processing and delay refunds. Although we’ve included a few of the most common errors made by taxpayers when submitting their taxes, they are by no… Read More »
Resolving A Dispute With The IRS Through The Appeals Process
Taxpayers don’t always agree with the IRS’ decisions, often because the agency made a mistake. Fortunately, taxpayers don’t have to accept an IRS decision without question. Instead, taxpayers can work with the agency to settle their tax dispute through an administrative appeals process, thereby avoiding court proceedings and lengthy litigation. To learn more about… Read More »