If you’re an employer, you’re probably always looking for ways to cut corners and increase your bottom line. It might surprise you to learn that the Internal Revenue Service (IRS) offers a way to help you out. The IRS is creating an added tax incentive for...
The federal government permits a wide range of deductions and tax credits to lessen your income tax burden each year. However, the IRS also has a good idea--based on your income and other factors--which tax breaks you'll likely qualify for. Therefore, it's important...
You did it. You finished up your long, dedicated career, and it’s finally time to take a well-deserved break. You worked hard throughout your adult life, and you’ve comprehensively planned for your financial future. It’s smooth sailing from here on...
Being audited by the IRS is the stuff of nightmares. Unfortunately, facing an audit is much more common than people think. If you are selected for an audit, you should not panic. An audit does not have to land you in serious trouble with the IRS. Below are some tips...
Common law marriage is a non-traditional type of marital union that does not involve a ceremony, a wedding certificate or an officiant. Under such an arrangement, a couple lives together, acts as husband and wife and holds themselves out to the community as being...
You filed your tax return back in February. But you’re still sitting around waiting for your refund to arrive. What’s the hold up?The IRS usually turns your refund around fairly quickly—particularly when you file early. There are some common...
Most of us dread tax season. That once-a-year, complicated, frustrating chore always gives us a headache--and often a lighter wallet to boot.It would seem logical, then, to expect that the act of paying taxes would make us depressed. However, social scientists around...
In a recent post, we reported on the results of a recent legal battle between the IRS and Coinbase—the results of which forced the cryptocurrency platform to release details about its users to the IRS. Income and assets through cryptocurrency have always been...
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