If you have kids or other dependents under the age of 17, you may be eligible for the child tax credit. It was extended as part of the American rescue plan, which was signed by President...
Posted by Dennis Jao on 01/01/2022
An OIC (Offer in Compromise) is a payment option that the IRS makes available to taxpayers. It enables you to pay off your tax debt without "going bankrupt" or "breaking...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 12/18/2021
The Internal Revenue Service allows taxpayers to pay their tax debts through an installment agreement. However, since interest and penalties will apply, the IRS encourages taxpayers...
Posted by James Financial Services Inc on 12/18/2021
For everyone struggling with a series of credit card debt, consolidating such debt might be the best approach to bring down the interest and reduce your monthly payments. It is, however,...
Posted by Abundant Wealth Planning LLC on 12/10/2021
When you have delays in paying income tax, the IRS may allow you to set up a repayment plan, called an installment agreement, to get you back on track. However, it is up to you to...
Posted by The TaxAdvocate Group, LLC on 12/10/2021
Since lending is a risky endeavor, lenders are usually interested in lending money to people with good credit history. It is not surprising as good credit implies that someone will...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 10/19/2021
Maximizing your SS (Social Security) benefits is one way to increase your retirement paycheck. Unlike investment, annuity, or retirement portfolios, Social Security is the only retirement...
Posted by Unifirst Financial & Tax Consultants on 10/18/2021
Personal / private pension refers to the kind of pension you can set up to enable proper savings for retirement. The value of this pension is based on the amount of money you pay in...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 09/30/2021
Whenever you see a dollar from a lottery win, please remember that the IRS has taken its 25%. Up to 13% can be withheld in local and state taxes (depending on where you live). However,...
Posted by Pat Raskob on 09/30/2021
