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7 Reasons Taxpayers Get an IRS Audit
Facing an IRS audit is a daunting experience. The idea of having your financial records scrutinized by the most feared collection agency, the IRS, can shake anyone to their core. The cost in both time and money can seem never-ending. Understanding the top reasons...
What Can a Real Estate Agent (and other independent contractors) Deduct on Their Tax Return?
One of the benefits in being an independent contractor, such as a Real Estate Agent, is the ability to deduct business expenses on your tax return that allow you to lower your tax liability and keep more of your earnings. I often get questions from my real estate...
Understanding Tax Penalties: How They Accumulate and Ways to Minimize Them
When filing your taxes, one misstep and you might find yourself facing tax penalties and interest that can quickly accumulate, adding strain to your financial situation. This article aims to demystify tax penalties, how they accumulate, and ways to minimize or avoid...
Tax Relief 101: Exploring Different Forms of Tax Relief and Who Qualifies
Taxation, while a civic duty that keeps our country running, can sometimes become a hefty burden for individuals and businesses, especially during challenging economic times. Now that tax season is over, many taxpayers are finding that they owed the IRS money. How...
10 Pitfalls: How Individuals Often Find Themselves in IRS Trouble
Paying taxes is a civic responsibility that every working American is subjected to. However, millions of Americans find themselves in hot water with the IRS. Some intentional and others are inadvertent, but understanding the common ways people get into tax troubles...
Business Owners: Owe Back Taxes? Actionable Steps for Facing IRS Debt
Entrepreneurship can be hard. Some years are good, others are not so great. But every year, like clockwork, the IRS comes calling and asks you for what’s theirs. Small businesses often face unexpected financial challenges. Among the scariest of these challenges is...
Gig Workers on the Radar: How To Reduce Your IRS Audit Risk
New Gig Workers and other small business owners often find themselves in IRS trouble. Here are some ideas to navigate your IRS responsibilies.
Understanding a Notice of Federal Tax Lien and What to Do About It
Learn what a Notice of Federal Tax Lien is and your options when you find a Notice of Federal Tax Lien filed against you.
Fort Lauderdale Tax Resolution and Your Finances: What is an Offer in Compromise?
Dealing with tax debt can be incredibly intimidating. It's natural to feel overwhelmed and powerless in such a situation, but it's important not to let fear and helplessness paralyze you. Every day you delay taking action, interest and penalties continue to...
New IRS Program for Tax Debt over $50K
Owe the IRS Up to $250K of assessed taxes? The now permanent Non-Streamlined Installment Agreement May Be For You! Earlier this year, the IRS made permanent a pilot payment plan initiated during COVID that may make it easier for taxpayers owing the IRS up to $250K....