Understanding What Innocent Spouse Relief Is, and Whether You Need It
What happens if your spouse turns out to be a tax cheat, and you signed a joint tax return without realizing it. Can you be held responsible? Learn mo…
Tax Problems
Owe the IRS Money? How Long Do They Have to Collect?
Have you ever wondered how long the IRS has to question and assess additional tax on your tax returns? For most taxpayers who reported all their incom…
Why Employee Classification is of Paramount Importance
Ultimately, it all comes down to the difference between salary and hourly pay employees…
The 2022 IRS Interest Rate Hike Will Go Live April 1st
These IRS interest rate changes will not affect you if you calculate your liability correctly and pay on time each quarter…
Return Being Processed Means The IRS Received Your Tax Return, But It Could Still Be Delayed.
Even with the delays, the IRS owes you interest on your money. The IRS has administrative time (typically 45 days) to issue your refund without paying…
What’s Next for the Child Tax Credit?
If your family received advance child tax credit funds, you are not alone in wondering what will come next from Congress for 2022. Learn more….
The IRS May be Getting a Massive Budget Increase. Will It Impact the Audit Rate?
Will increased IRS funding drive more audits?…
Mega-Rich Backdoor IRA Strategies May Backfire If New Tax Bill Passes
A proposed tax code change would mandate an annual required minimum distribution for retirement accounts exceeding $10 million. Full story below….
What You Need to Know About the IRS and Tax Audits
There is a real need for people to either educate themselves about the audit process or to seek professional help from someone familiar with the IRS. …
4 of the Most Common IRS Tax Problems
There are a variety of issues taxpayers can run into with the IRS. This breakdown discusses 4 of the most common tax problems that will cause you to r…
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