The Senate recently approved about $80 billion in IRS funding, with $45.6 billion for “enforcement.” The IRS also plans to hire 87,000 employees over the next ten years. This has raised many questions about who may be targeted for future…
We talk about taxes all year. It hovers in your mind even when you’ve filed your taxes. You worry about the tax money and how to pay it on time. But when is tax season over? The IRS started accepting…
Your tax situation might seem a little gloomy this year, but there are a lot of bright sides to look up to if you know where to search. The Affordable care act is one of those bright sides you can…
If you’re a business owner and you think absconding with the IRS’ money is the best way to avoid paying taxes, we’d advise you to seek a legal and less dangerous root because that path is quite steep. Skipping the…
Everyone seems to be a tax expert on social media when it comes to taxes. If you seek tax advice, you'll get it in a high dose from anyone who cares, but with ever-changing tax laws, it can be hard…
The only thing that ruins the charming spring mood for you is the tax season. We know planning for the tax season can be frustrating, especially when you run a business. Even worse, if there's one thing different about the…
Which are you? A typical business owner who just pays whatever they take out as taxes and never looks into ways to keep their money, or an extraordinary business owner who knows that every penny counts toward building a successful…
For very few business owners and investors, filing tax returns and paying their taxes is like a walk in the park, but taxes can be a bore for many others! But tax calculator tools can help! Every tax season, we…
You know what they say about time flying; it's absolutely true for 2023. The year is gradually closing in. Just last week, it was January, and now it's March. Do you know what else is closing in? The tax deadlines.…
Taxes come in a lot of different places and the cost of living has a lot of variables in it. As you plan to retire, it’s only normal to cut costs by searching for tax-friendly states to retire. Many retirees…
The IRS expects you to pay your taxes by April 15, and if you're late, the IRS can charge a penalty or interest. The agency also allows several payment methods to ease the tax payment process, from credit cards to…
This new year has got a lot of people worried about their finances. And why not? Inflation is on the rise, and tax credits are getting lesser. There's almost no respite anywhere at all. However, if you are a Social…
President Biden and the Federal Emergency Management Agency (FEMA) have recently declared a federal disaster area in California. This disaster is due to intense flooding, winter storms, and mudslides that began on January 8, 2023. This declaration permits the IRS…
What’s this news going around about abolishing IRS and eliminating income tax? Just last year, the Biden administration granted $80 billion in funding to the IRS and increased its manpower by 87,000 new agents to be able to cater to…
Let’s face it, with the new tax law changes for this tax season, there’s a higher possibility that you might be getting a smaller refund or bigger bills. According to the IRS, taxpayers should brace themselves for smaller refunds because…
