Posted on February 10, 2023

There are many misconceptions about taxes which can lead taxpayers to make mistakes when filing their tax return. It is essential, therefore, to understand the facts when preparing and filing taxes. Individuals who may not be required to file a return may be eligible for certain refundable tax credits focused on lower and middle income... Continue reading →

Posted on February 7, 2023

Resolving tax debt is not difficult if the right steps are taken from the start. Some of the common mistakes taxpayers make when resolving tax debt are to apply for the wrong payment plan or to hire incompetent tax help. The IRS charges taxpayers a penalty for applying for a payment plan a they clearly... Continue reading →

Posted on February 5, 2023

When preparing a tax return, it is important to check and re-check the information you have included in the return so that the return is processed on time. Some of the most common information that many taxpayers forget to add in their returns are their Social Security Number (SSN), signature, and the Preparer Tax Identification... Continue reading →

Posted on February 4, 2023

The IRS provides tax preparation help to taxpayers that need help, but cannot afford to hire a professional tax preparer to prepare their tax return. Free tax preparation assistance is also available to the elderly. Taxpayers can use the IRS Volunteer Income Tax Assistance (VITA) and the Tax Counseling for the Elderly (TCE) Programs by... Continue reading →

Posted on February 3, 2023

The tax filing season has started and U.S. citizens living overseas are required to file their tax returns in the U.S. even though they live in a different country. Though U.S. citizens in foreign countries have had to file U.S. tax returns for years, it is only after the introduction of Foreign Account Tax Compliance... Continue reading →

Posted on January 31, 2023

If you have tax debt and want to resolve it, you can either resolve the case yourself or hire professional tax help. If you can pay the entire tax debt amount in a single payment, you do not need to hire professional help because the process of resolution is simple. If you cannot pay the... Continue reading →

Posted on January 30, 2023

Tax debt can be resolved even if a taxpayer cannot pay the full amount of taxes owed. The IRS first reviews the financial condition of the taxpayer, the assets possessed by the taxpayer, and their liabilities before  they consider reducing the tax debt. If the IRS discovers in their assessment that a reduced tax debt... Continue reading →

Posted on January 29, 2023

Many taxpayers use the help of tax preparers to prepare taxes. When seeking help, it is vital to ensure that you are hiring the services of an honest preparer. Tax preparer fraud is one of the most common types of tax fraud in the country. Even though most tax preparers are honest professionals, taxpayers may... Continue reading →

Posted on January 28, 2023

When you file your tax return this filing season, you must make sure that you are filing accurately. Even if a tax preparer is preparing your return, you should still check your return for inaccuracies before it is filed. If you have hired a professional to prepare your taxes, be sure to sign the return... Continue reading →

Posted on January 27, 2023

Along with planning, preparing and filing your tax return, you must also be sure to keep your tax records properly. When you file your tax return this tax season, make sure to keep a copy of it in your tax records. It is advisable to keep your tax records organized so that you know where... Continue reading →