Are Political Contributions Tax Deductible?
How Giving Impacts Your Taxes: Are Political Contributions Tax Deductible? If you gave to political candidates last year, you might be wondering if campaign contributions are tax deductible as you...
View ArticleWhat Is the Minimum Income To File Taxes?
Determining What You Owe the IRS: What Is the Minimum Income To File Taxes? If you had a relatively low income this year, you might be wondering if you have to file taxes. First, don’t assume that...
View ArticleTaxes After Death: What You Need to Know About Filing and Paying Taxes for a...
Filing taxes for deceased loved ones is one of the unexpected tasks that can go along with managing final affairs. Many people are uncertain about what goes into filing taxes for a deceased person...
View ArticleHow Much Do I Owe the IRS? Figuring Out How Much You Owe in Taxes in 2021
If you owe the IRS money, you may be wondering how to untangle the confusion regarding the amount of back taxes owed. While plenty of options exist for rectifying a tax issue stemming from unpaid...
View ArticleFiling Taxes Late: Is It Too Late to File Taxes?
If you’re filing taxes late this year, you may be wondering if there’s still time to get your paperwork in while remaining under the radar. You may also be wondering what the regulations are regarding...
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What Is The Recovery Rebate Credit?
Recovery Rebate Credit on the 2020 Tax Return As you settle in to do your 2020 taxes, you may have some questions about the 2020 Recovery Rebate Credit. It’s one of the biggest points of confusion for...
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What to Do About a Tax Lien on Property
What To Do About a Tax Lien on Property Can the IRS take your property? It’s what you’re probably wondering if you’re facing a federal tax lien on property. The critical thing to know is that a lien...
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What Can the IRS Put a Lien On?
Can the IRS take your property? An IRS lien is one of the most stressful events that can happen to a taxpayer. Uncertainty regarding just how far the IRS’s claims on your property can go is the...
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What to Do About a Tax Lien on Your Home
What happens if the IRS puts a lien on your house? You may be in this situation if you have an outstanding tax debt with the IRS that hasn’t been addressed. If you’re worried about the potential for...
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Can You Have 2 Installment Agreements With the IRS?
In 2011, the IRS Fresh Start program created a bridge to debt forgiveness for delinquent taxpayers that continues to help countless Americans settle federal tax debts today. The program is expansive,...
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Can You Buy a House if You Owe Taxes?
A whopping 65% of Americans own their own homes. The remainder either rent, live with family members, or suffer from homelessness. If you haven’t become a homeowner, then you likely have your reasons....
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How to Get the IRS to Remove Penalties and Interest
If you had to guess the maximum financial penalty you could face for failing to pay your taxes, then what would you say? Five percent of your unpaid taxes? Ten percent? Believe it or not, the highest...
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What Is a Notice of Intent to Offset?
In the wake of the coronavirus pandemic, about 11.23 million Americans failed to pay their taxes on time. Collectively, that means a whopping $125 billion didn’t get paid to the federal government and...
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Can You Go to Jail for Not Paying Taxes?
Recently, worldwide headlines reported on the arrest of John McAfee, an American tech expert, who was hiding out in Spain after committing severe tax evasion in the U.S. According to the Department of...
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Understanding Your Letter from the IRS
Before the pandemic, almost half of Americans (48%) viewed the IRS negatively. Once the pandemic hit, though, most Americans were provided with financial relief and the IRS helped them get it, so...
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Understanding the IRS Hardship Program
For every 35 cents the IRS spends, the department collects $100 in revenue. One reason why the IRS has such a high collection rate is they don’t waste resources going after individuals who simply...
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2021 Tax Dates & Deadlines Calendar [Infographic]
Statistics show that one out of three Americans waits until the last minute to file their taxes. If you make this common mistake, then you’re more likely to make a mistake somewhere. Rather than...
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How To Get the IRS to Waive Penalties and Interest
In 2020, the IRS levied over $31.4 billion in civil penalties against individuals and businesses. Many failed to pay their taxes in time, while others committed fraud or made mistakes on their returns....
View ArticleUpdates to Offer in Compromise Policy in 2021 (that will affect 2022)
Are you struggling to pay off your tax debt? If so, then you may have heard about the IRS offer in compromise (OIC) program. You’re likely considering applying for the program, but will you get...
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Amended Return Status: Where’s My Amended Tax Return?
Almost half (47%) of Americans are bothered by the complexity of our nation’s tax system. While it remains challenging, things have improved since IRS tax returns went digital. Electronic filing helps...
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