Tax Lien and Tax Levy
Tax lien and the tax levy are two different tools used by the IRS to collect your tax debts. On several occasions…
How long can I take to file taxes?
Did you forget to file last year’s taxes? And what do you have to say about the last ten taxable years? You…
Three Bankruptcy Alternatives for your Backtaxes
There are different alternatives to bankruptcy, which many people are unaware of. Those who owe large debt to the IRS and struggle…
Five startup costs business owners can deduct from their annual income taxes
Small business owners have tons of startup costs and financial obligations when they launch their new businesses. New businesses must ensure they…
Five Tax Deductions for Independent Contractors
Starting a new business is not easy, with so many tasks that demand the owner’s attention. There are many start-up and daily…
Home Office Deduction and How to take Advantage of it
If you are a small business owner, freelance worker, or independent contractor who are working from home, you may be able to…
2020 tax deadline, should I pay now or later?
The 2020 tax deadline changed due to the COVID-19 pandemic. This new coronavirus has dramatically decreased economic activity in the United States.…
What are the main student tax credits?
There are two student credits available to help students offset the high costs of higher education. The American Opportunity Credit and the Lifetime Learning Credit. Remember that tax…
Can I Claim my Spouse as dependent?
Can I claim my spouse as dependent in my tax return? We often get this question from our clients. Many times, customers…
Tax Extenders for the 2020 Tax Season
There was a very important tax reform last year. The Tax Cuts and Jobs Act that brought many changes in the tax…