Life Changes That Change Your Tax Filing

How To Stop An IRS Wage Garnishment

If an overdue tax balance remains unresolved for long enough, the IRS has the authority to issue a levy to collect the tax. Tax filers who have received an IRS wage garnishment at their place of employment may be able to obtain a release of the levy. The first step in responding to a wage […]

Federal Deposit Requirements for Withheld Payroll Taxes

Employers who withhold federal income taxes from the pay of employees must remit those amounts to the US Treasury in a timely manner. The timetable for the payment of withheld taxes largely depends on how quickly the funds accumulate. Employers can benefit from the expertise of a payroll service by ensuring that tax withholding is […]

What Tax Deductions May You Be Missing?

As the cost of nearly everything — including food, fuel, and other necessities — continues to rise faster than many Americans’ paychecks, it’s important to cut costs wherever possible. One of the most pain-free ways to free up some extra income is to lower your tax bill by taking advantage of some deductions you may […]

How Disability Income Is Reported On Income Tax Returns

The purpose of disability insurance is to provide a continuing source of income to a disabled worker. Although the replacement income is typically less than the earlier earned wages, it is sometimes completely nontaxable. In other situations where it is taxable, there is a possibility to utilize the payments to qualify for the earned income […]

Tax Tips For Small Business Owners

As a small business owner, it is important to have an accountant who can help you make the most of your tax situation from your personal income taxes to your business taxes. If you work as an independent contractor, or operate a business part-time, you will still need to file your income as a self-employed […]

Debt Settlement And Filing Your Taxes

If you find yourself in a lot of debt, you may be considering debt settlement or bankruptcy. Before you do this, you need to understand how this will affect your taxes overall. It may help to speak to an accountant before you make this decision, so that you can plan and do not end up […]

How Can You Maximize Your After-Tax Income?

If you’re like most Americans, you’re always looking for ways to hand over less of your hard-earned income to Uncle Sam each April. Although contributing to pre-tax retirement accounts and college savings accounts can save you money, one of the quickest and simplest ways to increase your post-tax income is to take advantage of deductions […]

Tax Return Tips: The One Path To Reducing A Frivolous Filing Fine

Those who file a federal income tax return and make the claim they owe no tax based a very frivolous claim could find themselves in a lot of trouble. Several categories of protest are commonly used by filers in an attempt to evade paying tax. Citing any one of these categories while filing a blank […]

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