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As a business owner, it is easy to get overwhelmed by all the responsibilities you have. One of them is tax filing. You must file several different types of taxes every year, depending on your type of business and payroll. If you do not want to deal with the stress of...

As we wrap up the year the last thing most people are thinking about is their taxes. But planning ahead can have a serious impact on your tax bill next year, especially if you know you’ll owe taxes. In this article, we’ll talk about some steps you must take if you...

If you owe back taxes you might think you need a tax attorney, but that’s not necessarily always the case. Just like hiring a traditional accountant to try to resolve your tax obligation might not be the best choice, hiring a tax attorney, who doesn’t specialize in...

When you owe creditors money that you can’t afford to repay, sometimes you may be able to get the balance forgiven or otherwise canceled. When this happens, you no longer owe your creditors the money that you used to owe them. The IRS, however, usually treats such...

Whether you file the simple 1040EZ or a complex 1040 and a raft of schedules, making a mistake on your tax form could lead to big tax trouble. Something as simple as a math error or unsigned form could invite extra attention from the IRS. The tax agency sees those...

Falling behind on your taxes is never a fun place to be. It’s less fun when a levy is placed on your assets. In this article, we take a look at what an IRS levy is, why it happens, and what you can do about it. Note: If you have any tax trouble or owe more than $10k...