If My Husband Owes Back Taxes, Am I Liable?
Income tax is a part of life, and this doesn’t change when you get married. Whether you file joint tax returns or file separately, there are considerations that should be made. And of course, these considerations come with questions. One main question we receive on a regular basis is, “If my spouse owes back taxes, […]
Read MoreAn Introduction to IRS Garnishment
If you owe back taxes to the IRS, the government can garnish your wages to pay the liability. An IRS garnishment can come without warning, so being prepared is a must. No one wants to owe money to the government, especially if it’s a large amount. But it happens more than you think. Unfortunately, due […]
Read MoreIRS Notices: What They Mean and What You Should Do
If you have received a notice from the IRS, don’t panic. Yes, it can derail your plans and throw you off balance both in your personal and business life. However, in most cases, there are solutions to help make the IRS offer you a reasonable way out of the unwanted situation you have found yourself […]
Read MoreA Guide to the IRS Statue of Limitations
You have probably been bombarded with tips from your tax professional to hang onto copies of your tax returns and any relevant receipts and forms after you file every single year. The question that arises is, “Just how long do you need to save these copies and receipts?”. With a statute of limitations, you can […]
Read MoreIRS Revenue Officer: Who They Are and What They Do
Dealing with an IRS Revenue Office can be a challenging and, sometimes, even nerve-racking experience, especially when one shows up at your business or house doorstep unannounced. However, most of the time, these feelings of anxiety and stress are misplaced. This guide will shed some light on the details surrounding IRS Revenue Officers, what exactly […]
Read MoreUnderstanding Tax Penalties
Tax Day is the date by which you need to submit your individual tax return to the IRS (usually April the 15th each year). If you have all the money to pay your liability, then all is great. But, what happens when you lack the necessary funds? In this case, the IRS may charge tax […]
Read MoreUnderstanding Tax Liens
If you owe back taxes, tax liens (and their siblings, tax levies) can affect you seriously if you don’t take proper action. In this guide, we give you all the details you need to know about tax liens, as well as ways to remove them if you get caught in their net. What Is a […]
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