Earned Income Tax Credit

Tax Benefits of a Home Based Business

If you have a home business then you need to make sure you take advantage of all the tax breaks that are available to you. Many home businesses are unaware of all the tax breaks that are available to them and do not claim them on their yearly tax return. This is unfortunate because small home businesses more than anyone need all the tax help they can get. The following tax benefits are just a few suggestions every home business owner should consider claiming this tax season.

IRS Bank Levy – How to Avoid the Big Freeze

If you owe the IRS in back taxes, you’ve known about it for awhile. You’ve probably gotten a few letters demanding payment but none of them seemed like the last one you got. It said Final Notice and Intent to Levy. It says the IRS demands you pay the debt or they will implement a bank levy. If you don’t know what that means, you certainly will. Read ahead and learn about what you’re in for:

IRS Wage Garnishment – Kiss Your Paycheck Goodbye

If you’ve got an IRS tax debt, chances are good that the IRS is doing everything they can to get that money. Maybe you gotten a few letters, but none of them seemed to serious. But about two weeks ago you got a “Final Notice” that said they intended to garnish your wages. You didn’t think it was that big of a deal, at least until payday, when you discovered what exactly wage garnishment means to your check.

IRS Tax Lien – The IRS’ Silent Killer – The Tax Lien

You Didn’t File…and now you owe thousands in back taxes. So what happens now? Well, chances are the IRS has been sending you letters trying to collect on their money. They may not seem very important, and you won’t know the severity of the situation until you get the Final Notice. If you’ve gotten a Final Notice and they’ve talked about implementing a tax lien, you’re situation just took an extreme jump from bad to worse.

There’s Another Tax Rebate Coming – Son of Stimulus

Did you just spend your hard-earned stimulus check from the spring of 2008? Now, congress may put more funds back in your hands. Yes, another stimulus package is in the works!

Filing Your Taxes the Right Way

When doing something, it is better to do it right once than wrong so many times. The same goes for filing taxes. Doing it right means less trouble for you.

IRS Offer in Compromise – Know the Landmines and Avoid Being Rejected

So you’ve decided that you’re going to submit an Offer in Compromise to the IRS. That’s great! Now the problem is that you really aren’t sure what the IRS expects from you. You’re not sure what to submit. If you know the answers to these simple questions, you can greatly reduce your chance of being denied an OIC:

Why Do You Pay Tax and Where Does it Go?

Is it time to pay your income tax again? It can be frustrating sometimes, right? To think that you will have to let go of that money annually – when you could put it to other use!

IRS Tax Debt – Arm Yourself With Tax Knowledge

If you’ve never dealt with taxes before, I can tell you that it’s a very serious business. The debt can add up quickly and the IRS is very relentless. You may have heard that the IRS is scary, but you may not know exactly why. What exactly can they do to you? How far will they go to get their money?

An In-Depth Look of IRS and Tax Law

The most common kind of tax that the IRS collects is personal income tax, which is figured as a percentage of the money an individual earns from employment and investments. This percentage is calculated according to a progressive tax scale, meaning that the more you earn, the higher a percentage you pay.

« go back — keep looking »