Tag: Taxes

Alternatives for Bankruptcy

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…
End of year tax planning

End of the year tax planning tips and options

The holiday season is our favorite time of the year because its the time previous to the tax season begins. It works…
taxable income

Taxable Income: Key concept for your tax calculations

Taxable income it’s a subject you’ll face at least once a year – even more if you file your taxes quarterly. However,…
schedule c

Schedule C: What is it for and who has to fill it?

Freelancers, self employed, and solo business owners have different forms when filing their taxes. One of these forms is Schedule C, which…
bitcoin owner irs calls

Did you receive a letter from the IRS about your Bitcoin?

Internal Revenue Service (IRS) sent a notification to Bitcoin holders. At the end of June, the governmental agency sent letters to more…
2 million ITIN will expire on 2019

2 million ITIN will expire in 2019: Renew yours now

Around 2 million ITIN (Individual Identification Numbers) of taxpayers will expire at the end of 2019, the IRS informed on June. The…
what to expect during a tax audit

What to expect during a tax audit from the IRS

You’ve been selected by the IRS but you don’t know what to expect during a tax audit? Don’t worry, we got you…

10 Tips to reduce the chances to get a tax audit from the IRS

You probably have seen ads stating that you can completely avoid a tax audit from the IRS if you follow certain steps.…
Plan and budget your estimated taxes

Estimated Taxes: Plan and budget how to do yours

Make sure to pay your estimated taxes and avoid penalties that will affect your budget. According to the Internal Revenue Service (IRS)…
howlongkeeptaxrecords

Taxes 2019: How long should you keep your tax records?

When we talk of tax returns, we are used to keep them at least for 7 years in case the Internal Revenue…

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