Financial windfalls and gifts can be incredibly exciting. However, they can also introduce some tax-related complications. If you come into money or recently acquired a pricey collectible, it can be incredibly wise to consult a tax professional to help you assess your options. This might well be the next step […]
One of the most common responses individuals have to tax-related issues is to panic. It is indeed a serious matter if you find that you are unable to pay your taxes, but rest assured that you do have options. An installment plan If you cannot pay your taxes, you can set […]
Being under suspicion of embezzlement can be a highly stressful and disorienting experience. You can be scared and unsure of what you should do to protect yourself and your future. Under these circumstances, it can be vital to avoid a few missteps that could make your situation even worse. Mistake […]
The U.S. tax code is among this country’s most complicated and dense bodies of law. And every year, individuals must file their tax returns in compliance with these laws. Unsurprisingly, people make mistakes, miscalculations, and missteps that result in inaccurate returns and payments. Even when these issues seem small, they […]
The gig economy is officially in full swing. Even if you have a full-time job, it’s increasingly common to also have a freelance source of income on the side. Any income you receive needs to be reported to the IRS, but with gig work, reporting can sometimes become a bit […]
Serving in the military is a career choice that comes with a great deal of personal sacrifice. However, the U.S. government also offers service members certain benefits. In today’s post, we discuss some of the tax benefits specifically designated for members of the military: Reduced interest on debt As a […]
Some of us procrastinate on filing our taxes until the last minute, while others file as early as possible in order to expedite their refund. If you fall into the latter category, you may want to ensure you have all of your ducks in a row to avoid unnecessary delays […]
Going through a divorce is a challenging time. Figuring out how this life change will affect your taxes can be more challenging still. While your divorce was likely not a happy occasion in your life, there can be some advantages of your new tax filing status. Here are a few […]
For most of us, social media has become part of our daily lives. We live publicly – broadcasting to our friends and family every achievement or exciting piece of news in our lives. It has become so commonplace, that many of us don’t give a second thought to how public […]
Every year, you gather together all of your financial documents to file your taxes. Then you probably store them away in a box for a filing cabinet – or digitally on your computer. This process goes on for years. Pretty soon, you have an entire archive of your financial records […]