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...
It can be easy to assume that postponing your tax return filing isn’t that serious—particularly if you didn’t earn very much in the previous tax year or you suspect you’ll be due a refund. However, the IRS imposes stiff consequences for late...
Going through the divorce process can be an overwhelming, emotionally exhausting experience. When it’s over, the resulting implications on your taxes can be complicated.We’re here to help guide you through the tax process following a divorce. In this...
Nobody enjoys paperwork. Most people find it boring and tedious. Taxes, however, are also stressful. There are different ways to do them, numerous forms and schedules, and many different ways that a single typo or math error can throw everything off base. Whether...
You've heard that itemizing your expenses could save you money on your tax return. But you don't want to go to all the trouble of itemizing every deductible expense you accrued over the year only to discover the standard deduction is going to get you a bigger refund....
Tax time is here, and it’s a chore that nobody enjoys. If you own your own business it’s especially challenging as you manage business expenses, personal income and various credits and donations. The IRS audits fewer than 1 percent of overall returns, but...
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