If you owe taxes to the IRS for 2023 and you are struggling to pay them, you may be wondering if there is a way to settle your debt for less than the full amount. The good news is that the IRS offers several options to help taxpayers who are facing financial hardship...
Everyone Fears The IRS Audit If you run a small business, you may have to face an audit from the IRS at some point. An audit is a process where the IRS examines your tax returns and financial records to verify that you reported your income and expenses correctly....
Preparing taxes for a small business? It’s a daunting task if you’re unfamiliar with tax laws and regulations. That’s why many small business owners hire an accountant to help them with their tax preparation. Here are some tips to help you prepare...
Deductions For Business Owners Business owners, big or small, have probably made plans to send cards to their clients, give gifts to their employees, and possibly throw a team-building part. You may have considered charitable donations from your company or other...
Can You Use A Student Tax Credit? As the school year approaches, college students wonder if they need to report scholarships or tuition on their tax returns. Undergraduate students are at a lower risk of owing money to the IRS. Everyone attending a college, technical...
Identity Theft While the IRS has taken preventative high-security measures to prevent identity theft, and even though tax season is coming to a close, it’s important to remember that your information is out there in the world. Here are some additional ways to...
