1-800-548-4639What Is Your Tax Bracket?
For you to be able to file your income tax and any other tax properly, it is important to know what your income tax bracket is, your filing status, and which income tax rates apply to you. When people talk about tax brackets, they are referring to the Marginal Tax Rate ā the rate at […]
Read moreHow to File Back Taxes
The Internal Revenue Service (IRS) reports show that 11 million delinquent accounts in 2023Ā owed a combined $150 millionĀ in taxes, penalties and interest. Owing money to the IRS can cause persistent stress and spiral into larger debt. Filing your back taxes is the first step back to peace of mind and financial security,Ā even if youĀ haveĀ already missed […]
Read moreWhat Happens If You Don’t File Taxes?
SpontaneousĀ travel, dates or partiesĀ keep life interesting.Ā A surprise letter from the Internal Revenue Service (IRS), however, is not as fun to find. But it’s what you’ll get if you wait too long to report your income and settle your balance. Learning about the possible outcomes can inspire you to file your back taxes or get a […]
Read moreChanges and Considerations for 2021 Tax Filing
The Internal Revenue Service (IRS) implements minor tax changes every year, including adjustments for inflation, new exemptions and alterations to certain provisions. Most things have been unusual lately thanks to the COVID-19 pandemic, and 2021 tax changes are a little more dramatic than normal. So far, Congress and the IRS have not decided to push […]
Read moreHow To Deal With A Tax Audit Notice
Receiving a tax audit notice seems like one of the worst nightmares in the tax world. Itās understandable to panic and to express fear caused by the matter. The good thing is that your chance of getting audited is relatively small. However, it happens and no one can guarantee you that you wouldnāt be hit. […]
Read moreHow To Navigate Tax Resolution
Financial security is one of the building blocks of a successful life, even more so during the current economic times in which we live. The debt crisis is at critical levels with tax debt growing at record levels. With this knowledge, it is ever more crucial to ensure that you deal with tax liabilities promptly […]
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