Financial News, Tips & More!
Finding Tax Deductions for Your Small Business
When you are a small business owner, every little bit counts, so by knowing what expenses you can deduct from your taxes, you are able to make your business even more successful. Sometimes the littlest things can be forgotten, but those things are often what can make the...
What Happens If You Don’t File Your Taxes?
This is a question very few people legitimately ask. Why? Well, the IRS has sort of made a name for themselves over the years. All you have to do is say “IRS” in a crowded business room and you’ll hear hissing. Regardless, everyone knows to not mess with the IRS. But...
Understanding Wage Garnishment
As friendly as it sounds, wage garnishment is not something that you want. It does not benefit your wage, and it is not a delicious garnish. In fact, it is something you would do well to avoid. Wage garnishment is the money automatically taken from your paycheck when you refuse...
3 Tips to Avoiding Identity Theft
You’ve got mail! And you’ve gotten your identity stolen. It can be as quick and simple as that. Although identity theft has become easier to recognize and consequences have become less severe, there are still a significant number of Americans becoming victims of identity theft...
4 Common Tax Mistakes
After the holidays have faded and New Year’s resolutions lay discarded in the piles of party decorations, working adults everywhere find themselves marching ever closer to the most dreaded date of the year, April 15. While many Americans, specifically those who are single with...
Student Tax Breaks
Spending your time and effort in school can feel twice as hard as work and when you realize that you aren’t getting paid a dime it can be downright rotten! Here are some breaks that the government has given students in order to help them make it through school without keeling...
How the Government Shutdown Affects Taxpayers
The government shutdown has had a serious impact on taxpayers. All Revenue Officers are furloughed, the Automated Collection Site, the Taxpayer Advocate Service and even the Tax Court are closed. To make matters worse, the automated part of the IRS is still running. Clients...
Tax Liens vs. Tax Levy
There are many people who live their lives day to day without ever hearing or caring what the difference is between a tax lien and a tax levy, but these people should be advised that when it comes to taxes, knowledge is power. The difference between the two terms, when used by...
How are Federal Tax Laws Created?
When we hear the word “taxes” there are often a variety of feelings attached and none of them are that pleasant. It is good to really understand the “why” behind taxes and how tax laws are passed so we can alleviate some of that pain. The House of Representatives Just like a...
Unpaid Taxes Equals Suspended License
Taxpayers in New York State may be stuck in more ways than one following an announcement by the governor of New York, Gov. Andrew Cuomo. What is the announcement? All taxpayers who owe more than $10,000 in backed taxes to the State of New York will have their drivers licenses...