This article was published by the IRS. When a taxpayer can't pay their full tax debt or if paying would cause financial hardship, they should consider applying for an offer in compromise. For assistance filing for an OIC from a legitimate representative, taxpayers are encouraged to check for a licensed enrolled agent or a reputable accountant [...]
There are many reasons to check your tax withholding. This means looking to see how much money your employer is withholding from your paycheck for federal income tax. It's a good idea to check your withholding, as it will help you avoid a surprise at tax time. If your employer is withholding too little, you could [...]
This article was published by the IRS. When business owners put together an emergency preparedness plan, it should include copies of vital records and financial information. Here are some things everyone can do to help protect their financial records. Update emergency preparedness plan annually. Personal and business situations are constantly evolving, so taxpayers should review their [...]
In this episode of "The Tale of the Complicated Household," learn more about who can claim the Earned Income Tax Credit. Don't forget that the law about who can claim a child changed over the last few years. If a parent and non-parent both meet EITC requirements, the non-parent must have the higher AGI. If you [...]
This article was published by the IRS. Mediation – also known as alternative dispute resolution – can help taxpayers resolve tax issues early and efficiently. The process provides taxpayers a faster, more collaborative, and cost-effective approach to case resolution. The traditional appeal process is still available for taxpayers who choose it. Mediation might be right for [...]
