Category: General
Identity Theft IRS Letters: What to Do When You Become a Victim
Dec 14, 2023
Identity theft is a growing concern in our digital age, affecting thousands of Americans each year. In fact, during the 2023 tax season, the IRS flagged over 1 million tax returns as potentially…
New Tax Bracket for 2024 (Plus Tips on How to Make Your Taxable Income Low)
Dec 05, 2023
As the new year begins, so does the countdown to the new tax season. When January rolls around, we’ll all dig through receipts and scratch our heads over forms. However, as you prepare…
Your Easy Guide to IRS Form 8283: Simplifying Charitable Donations for Tax Deductions
Nov 20, 2023
Supporting charities can be immensely rewarding, not just for the positive impact it has on communities and causes but also for the potential tax benefits it offers. When making charitable donations, ensure you…
Serious Tax Debts Can Put U.S. Passports in Jeopardy, Tax Resolution Expert Warns
Nov 14, 2023
LAS VEGAS – Oct. 18, 2023 – U.S. residents who owe more than $59,000 in back taxes and are planning to travel abroad should allow at least several months to negotiate a settlement…
Self-Employment Taxes: How To Make Your Tax Filing a Breeze
Nov 07, 2023
Self-employment offers freedom and flexibility, but it also comes with a big challenge when tax season rolls around. Unlike regular employees who have taxes automatically deducted from their paychecks, self-employed individuals have to…
Emerging Debt-Free: What You Need to Know About 1099-C Cancellation of Debt Form
Oct 20, 2023
Borrowing money through credit cards or loans can offer financial relief and opportunities. But what happens when you can’t repay that debt? In such cases, creditors might cancel the debt and issue a…
Is the American Opportunity Tax Credit Actually Refundable? Truth Here
Oct 13, 2023
If you’re pursuing higher education or helping a loved one in college, you’ve likely heard of various tax credits and deductions designed to ease the financial burden of education expenses. Among these is…
Form 1099-MISC: Urgent Reasons You Need To File
Oct 06, 2023
Form 1099-MISC, also known as Miscellaneous Information, is an IRS form used for specific types of miscellaneous income paid to individuals or entities. This form ensures that various sources of income, from rent…
Form 1099-NEC: Common Mistakes to Avoid for Error-Free Filing
Sep 27, 2023
The IRS Form 1099-NEC, or Nonemployee Compensation form, is a tax form that businesses use to report payments made to individuals who are not their employees. This includes independent contractors, freelancers, and service…
IRS SS-4 Form: How to Avoid Common Mistakes and Prevent IRS Trouble
Sep 20, 2023
Running a business involves many forms and paperwork, but there’s one thing you can’t afford to ignore – the IRS SS-4 form. While it’s a simple form, it’s essential for filing your taxes,…