You might need to report the canceled amount as income on your tax return if you could get a debt write-off or forgiveness. You should know what to expect so you don't end up with...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 09/20/2021
For people having difficulty settling a debt with Uncle Sam, there is the opportunity for an installment agreement every Month. For instance, people with a deficit of $50,000 or less...
Owing Uncle Sam a sum of money could be overwhelming. There could be a time when you do not have enough to take care of your tax debts. In this case, you can have a tax payment plan...
Except you have recently taken a vacation to Mars, you must have felt the Covid-19 pandemic pinch. There have been job losses, and people are feeling the heat. With the time for the...
There's an Inland Revenue Service payment plan for most any circumstance including unpaid taxes. Some aren't perfect, however despite everything they'll get you out...
Posted by Debi G Hill, CPA on 07/25/2019
The Internal Revenue Services announced a major changed that made their official website crashed and left millions of taxpayers feeling frustrated. The deadline to file the people’s...
Posted by Wright Tax and Accounting Solutions on 02/25/2019
Caregivers provide help and love to your family member who is an aged one or may have some disability. This is a big challenge but can be so rewarding. However, caregivers have to...
Posted by Flynn Financial Group Inc on 10/02/2018
Business is not an easy-money-making activity, it must be lived at the best way to make it a successful one. Business owners, human as they are, still susceptible to making mistakes...
Posted by Niner's Accounting & Tax Services, LLC on 05/22/2018
When you file your tax return, you may find yourself in receipt of a tax bill versus a tax return. If you do not have all the funds necessary to pay off this bill, it can be a bit...