1-800-548-4639How Does Tax Debt Affect Your Credit Score?
When grappling with tax debt, you may be considering multiple scenarios, including the impact of tax on credit scores. Your credit score represents your creditworthiness. In other words, it suggests how likely you are to repay any borrowed money. But how does tax debt affect your credit score? Should you be worried about potential tax […]
Read moreYour Tax Resolution Team: CPAs, EAs and Tax Attorneys
Handling tax debt can sometimes feel like a complex matter to resolve. Fortunately, tax resolution specialists can guide you through basic and more complex tax concerns like tax audits, unpaid tax penalties and unfiled tax returns. Tax resolution specialists aim to understand your unique situation, determine an effective solution and communicate with tax authorities on […]
Read moreWhat is the Difference Between Sales Tax and Use Tax
Taxes help your government pay for necessities and amenities you may not even consider. For example, taxes generally pay for maintaining infrastructure and running the public school system. Failing to pay taxes is illegal and can have severe consequences for you as an individual or for your business. If you don’t understand how different taxes […]
Read moreHow to Prepare for the 2024 Tax Season
As tax season 2024 approaches, it’s essential to get a head start on the recent tax updates from the IRS to ensure you meet all the correct requirements and, most importantly, minimize your tax bill as much as possible. Since our last tax season, there have been many updates, from adjusted tax brackets and 1099-K […]
Read moreEverything to Know About Tax Write-Offs
Tax write-offs are a method of reducing your taxable income or increasing the expenses you can subtract from your taxable income. Both individuals and businesses can claim tax write-offs on various expenses. For example, as a small business owner, you need to report your income through a system of revenue and losses or write-offs — […]
Read moreHow Do I Pay Self-Employment Taxes?
When you are self-employed, you have to play a more active role in paying your taxes since they aren’t withheld automatically. You must ensure you pay the correct taxes in the right amount at the appropriate time. Paying taxes is your responsibility as an employer as part of running your business. Do your research to […]
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