Financial News, Tips & More!
Can the IRS Come after an LLC for Personal Taxes?
Filing your taxes is never easy, and when you are preparing them for an LLC, the complexity can go up a great deal. You may have certain questions come taxes, with one of them likely being: Can the IRS come after an LLC for personal taxes? Thankfully, The IRS cannot levy your...
Tax Debts and Community Property States
California and Nevada are community property states. It is often the case in a marriage where one spouse has tax debts, but the other does not that the husband and wife decide to file separate returns. The strategy behind this is to protect the innocent spouse from the spouse...
Americans Renouncing Citizenship Due to Taxes
In 2013, record numbers of Americans renounced their citizenship in favor of another country for fear of the taxes they may be required to pay. In the 12 years between 1998 and 2010, the average number of Americans that renounced citizenship was around 500 people a year, and it...
HELP: Offer in Compromise
For many people, the stress of taxes end with the end of tax season, but when you have back taxes you can be just beginning a path towards a scary and big problem. The main cause of this difficulty is that the interest and penalties continuously building up. New Hope...
Strangest Tax Deductions Ever Attempted
Taxes are pretty complicated, and as we have already seen through our other blogs they can get pretty crazy. And, although we have spent a little time on the weird side of taxes, now we thought we’d give you a look into some of the strangest tax deductions ever attempted....
Everything You Need to Know about the IRS
The IRS is a familiar name in every American household because they are the people who we pay our taxes to, and those who will track us down if we don’t do it on time. But, that is just about as far as our knowledge goes. Just in case you need to know a little bit more about...
Why Do Some States Have No Income Tax?
Tax season just ended, and now there is more time to question tax practices throughout the country. One of the most interesting tax facts to note is that some states don’t have any income tax whatsoever. And that fact might leave you shaking your head and asking why. We’re...
Get Smart: Planning Your Taxes Throughout the Year
Just because this year’s tax season is over, it doesn't mean that you’re off the hook forever. 2014 taxes will be due next year, and it’s important to stay on top of your money so you can keep track of how much you owe or how much you’re due. Here are a few tips to stay...
What Happens if I Miss the Tax Deadline
Tax day has come and gone, and if you forgot to file, you may be starting to wonder what happens next. Although many people forget to file on time every year, the consequences can be a little worrisome, but with our help, you can certainly overcome them. What to do About Late...
Improving your Credit Score: What Does it Take?
If you have a history of bad credit habits, fixing your credit can be tough, but it is possible. Here are some ways that you can improve your credit and get back to not worrying about your standing with the credit company. Pay On Time Paying credit card bills on time is easier...