IRS
10 Things You Should Know About the 2020 Tax Extension
The COVID-19 (coronavirus) pandemic has had an unforeseeable impact on the finances of most American taxpayers. In response, the IRS has extended this year’s filing deadline from April 15, 2020 to July 15, 2020. Working Americans are still adjusting to the “new normal” of social distancing. Some employers have enabled tools allowing for remote or…
Read MoreCan the IRS Take Action Against Me?
If you owe a balance to the IRS, one question you may be asking yourself is, what happens if I don’t pay back my tax liability? There are many ways the IRS can come after you. and it’s important to understand how to protect your assets, your money, and yourself. If you owe a tax…
Read MoreUnderstanding your IRS Notice
Each year the IRS sends out millions of notices to taxpayers. These notices could have been sent to you for a number of different reasons, whether they’re providing information about your tax return, confirming changes to your account, requesting a payment, or even just advising you that you are eligible for a tax credit. If…
Read MoreHow to Avoid Accruing Penalties and Interest with the IRS
Owing money to the IRS can be stressful enough. Adding penalties and interest on top of it can make a bad situation even worse. You may wonder how it’s possible to accrue some of these fees in the first place, and as it turns out, there is more than one way to accumulate interest and…
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