Blogs

Many taxpayers hire the services of a tax preparer to prepare their tax returns. Even though many individual taxpayers are able to prepare their return themselves, businesses find it difficult to prepare returns because of the many tax rules that they need to comply to. When hiring a tax preparer, there are certain things that... Continue reading →

Not everyone who files taxes requires the services of a tax preparer. Many taxpayers comfortably prepare taxes themselves. If you understand your tax obligations, you have the time, and you are good at calculations, you might want to prepare your taxes yourself. Generally, taxpayers hire a tax preparer to handle their taxes because they are... Continue reading →

For tax debt amounts that are small and can be paid in full, there is no need to hire professional tax help. Taxpayers can simply pay the entire tax debt amount in a single payment. Remember that the amount to be paid will include penalties and interest. Taxpayers who cannot fulfill their entire tax debt... Continue reading →

There are various ways to resolve tax debt, but in every case, there is only one method that is the most beneficial. It is important to find the method that helps to resolve tax debt comfortably and in the shortest time possible.The IRS has various payment plans to assist taxpayers in achieving a comfortable resolution.... Continue reading →

Most of us believe that everything we know about taxes is accurate. Although inaccurate knowledge about taxes that does not affect our taxes does not hurt us, it can be damaging to believe tax myths as facts when dealing with the IRS or planning for the future.Many taxpayers believe that post-retirement, they will not need... Continue reading →

Though the IRS may conduct an audit even if your tax return is accurate, you can lower your chances of an IRS audit by complying with tax rules and maintaining your tax records. Before filing your return, re-check the calculations you’ve made on your return to ensure that there are correct. It is particularly important... Continue reading →

There are many misconceptions about taxes which can lead taxpayers to make mistakes when filing their tax return. It is essential, therefore, to understand the facts when preparing and filing taxes.Individuals who may not be required to file a return may be eligible for certain refundable tax credits focused on lower and middle income taxpayers.... Continue reading →

Resolving tax debt is not difficult if the right steps are taken from the start. Some of the common mistakes taxpayers make when resolving tax debt are to apply for the wrong payment plan or to hire incompetent tax help. The IRS charges taxpayers a penalty for applying for a payment plan a they clearly... Continue reading →

When preparing a tax return, it is important to check and re-check the information you have included in the return so that the return is processed on time. Some of the most common information that many taxpayers forget to add in their returns are their Social Security Number (SSN), signature, and the Preparer Tax Identification... Continue reading →

The IRS provides tax preparation help to taxpayers that need help, but cannot afford to hire a professional tax preparer to prepare their tax return. Free tax preparation assistance is also available to the elderly. Taxpayers can use the IRS Volunteer Income Tax Assistance (VITA) and the Tax Counseling for the Elderly (TCE) Programs by... Continue reading →