Tax Law

Owning and running a small business can sometimes be financially complex. But following tax laws can help you avoid costly penalties. And while the idea of an audit can be daunting, knowing what to expect and how to prepare can make all the difference. What causes a...

Most professionals don't have to worry much about taxes. They fill out basic paperwork with their employers when they start new jobs. Those documents may include tax paperwork identifying their dependents for tax withholding purposes. For most employees, their...

Tax debts are notorious for inspiring financial hardship. The Internal Revenue Service (IRS) can be a very aggressive collection agency. People who underpay their federal income taxes or fail to file tax returns may end up owing substantial debts that amount to more...

People filing their annual income tax returns often expect to receive a refund. It is common for employers to withhold more than is actually necessary to cover state and federal income tax obligations. Many people look forward to receiving their refunds and may intend...

Running a small business is often a rewarding experience, but tax season can inspire a wave of stress. If your business finds itself facing a hefty tax bill you can't seem to manage, it can feel like the end of the road. Thankfully, the IRS offers a program called...

Two primary tools often come into play in IRS collections: liens and levies. These mechanisms are pivotal in the agency's approach to collecting unpaid taxes. Understanding their nuances makes it easier to navigate tax issues. Liens and levies, although terms used...

It is a very common practice to have one spouse manage household finances while the other simply signs the paperwork for taxes and banking. It doesn't technically take two people to file an income tax return, and dividing household work is more efficient when each...