Going through the process of divorce or separation can be a very difficult time. Consider these tax tips for avoiding mistakes with the IRS.The process of divorce or separation is...
There are several ways to reduce the tax burden. However, the two most popular are probably tax credits and tax deductions. While they may look the same, they are two very different...
All income begins with gross income, which is the total of all money earned in a year. This includes wages, salaries, bonuses, capital gains, and interest income. As we know from our...
A spouse is said to be injured if, after filing jointly with the partner, the refunds were seized due to a debt collected by either Uncle Sam or BFS (Bureau of Fiscal Services).Most...
Posted by Accurate Books And Tax on 01/22/2021
With many tax benefits available for education, it is evident that the government is interested in making higher education open and more accessible for many people. It can be...
A refund offset is a process in which the taxpayer will not get the full refund; instead, the excess federal income tax will be used to service unpaid government debt. Many people...
Debts with the IRS come in many shapes and sizes. The most common debts owed to the IRS are back or unpaid income taxes. Now that more people are working full or part-time, overdue...
During the last ten years, the cost of college has risen by more than 25%. As tuition and fees increase, you may be looking for ways to reduce the cost of education.Lifetime Learning...
Most taxpayers will give anything to reduce what they eventually send to Uncle Sam. An effective way to significantly bring down your tax bill is to be smart and wise about the deductions...
Posted by Don Bell Law on 12/15/2020