Why Saving Receipts for Home Improvements Can Save You Money on Taxes When you make any major improvements to your home for example, adding a new deck, remodeling the kitchen, or installing energy-efficient windows, it’s easy to get caught up in the excitement of the new features and forget about….

What are “Back Taxes”? Unpaid tax obligations also known as “back taxes” arise when individuals or businesses fail to pay their tax obligations on time. This can occur for various reasons, including financial difficulties, oversight, or misunderstanding of tax laws. Not paying taxes by the due date results in the….

Discovering that you owe money to the IRS can be a daunting realization. Whether it’s a result of an audit, a discrepancy on your tax return, or simply underpayment of taxes, the important thing is not to panic. Here are steps you can take to address the situation and minimize….

Are you a business owner and need to understand the requirements for updating beneficial owner requirements in FinCEN’s website? This video will guide you through step by step in how to do so yourself.

When it comes to retirement planning it is critical to understand how your Roth 401(k) plans affect your tax obligations. You may be wondering “Do you report Roth 401(k) on your tax returns?” This article will serve as an informational guide to understanding Roth 401(k) as this is a critical….

Welcome to our guide explaining who is required to file tax returns in the United States. Tax laws can be complicated and they change every year, so this is a good question to ask each year to stay compliant with the current year’s requirements. Introduction Each year the IRS outlines….

Filing taxes when you haven’t filed in a while can be a daunting task. This is even worse when you have no records. But, it’s very advisable to work diligently on acquiring missing records as soon as possible as the penalties will continue to increase the more time goes on…..

Tax season brings a lot of questions and often anxiety regarding your taxes. New parents have new members of their family who will likely impact their tax returns. For unmarried parents, determining the most advantageous filing status is pretty important. One common question that comes up is whether both parents….