One highlight of tax season is receiving your tax refund. It’s like a present to yourself after having money taken out of your paycheck by Uncle Sam all year long.…
Is Paid Interest on Debt Tax-Deductible?
Paying interest is a reality that most of us deal with, whether we like it or not. Be it your student loans or home mortgage, there are a number of…
Can I Buy a House if I Owe Back Taxes?
If you’re looking for your dream home, it can get complicated if you owe back taxes to the IRS. While it’s still possible to get approved for a mortgage with…
My Spouse Owes Taxes – Can the IRS Come After Me?
When you say your vows and tie the knot, you officially bind yourself to a partner you love for better or for worse, for richer or for poorer, and in…
How to Appeal IRS Penalties (or Get Them Waived)
Receiving any kind of mail from the IRS—with the exception of your long-awaited tax refund—can be a nerve-wracking experience, especially when Uncle Sam comes bearing bad news. Maybe you didn’t…
What Happens If a Small Business Does Not File or Pay Taxes?
As a business owner, you know how essential steady cash flow is to your company. It’s what keeps your business running and allows you to make necessary purchases, pay your…
How to Pay Unpaid Payroll Taxes
My business owes back payroll taxes, what can I do? Before you panic, know that you are not alone in facing this challenge, many businesses get behind on payroll taxes…
Tax Relief for Senior Citizens: Tax Credits & Deductions for Older Taxpayers
As a senior citizen, you’ve probably worked for several decades and paid thousands over the years in taxes. Perhaps in your golden years you have even reached certain milestones like…