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Is EFTPS right for you?

February 12, 2014 0

EFTPS stands for the Electronic Federal Tax Payment system. It is a free service provided by the United States Department of the Treasury to allow taxpayers to quickly and...

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OIC Mistakes

February 11, 2014 0

Mistakes to avoid while applying for OIC If you owe the Internal Revenue Service, an Offer in Compromise (OIC) is a legitimate way to settle the debt. The goal...

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Applying for an Offer in Compromise

February 10, 2014 0

Five Steps for an Offer in Compromise An offer in compromise is a tax settlement in which a taxpayer pays a sum that is less than the full tax...

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When Should You Hire a Tax Professional?

February 8, 2014 0

Dealing with taxes, especially debts owed to the IRS, can be a real headache. If you file incorrectly, you can wind up being asked to pay more than you...

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If You Can't Afford Your Tax Debt

February 7, 2014 0

5 Ways the IRS Can Help Tax time is stressful for most Americans, but even more stressful if you can't afford to pay what you owe right away. Thankfully,...

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How to Negotiate a Tax Settlement

February 6, 2014 0

If you've started your taxes and think you might owe the IRS more than you can afford to pay this year or owe back taxes from previous years, you...

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IRS Tax Payment Plans

February 5, 2014 0

What to Expect From IRS Tax Payment Plans Most people do their best to stay on top of their taxes. However, filing errors or financial difficulties could result in...

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Help When Filing a Late Tax Return

January 28, 2014 0

If the thought of April 15th is giving you shivers, you might be in a common situation, where you have to file a late tax return. Don’t be too...

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Failure to File or Pay Penalties

January 27, 2014 0

Forgetting to file your taxes or refusing the pay the amount that you owe in taxes can result in certain penalties. Depending on your actions and the situation, the...

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Filing Delayed Two Weeks

January 14, 2014 by in category Taxes tagged as

The IRS is Delaying the Start of Tax Season for 2014 What This Means For You? The U.S. government shutdown in October of 2013 furloughed all non-essential employees, including those at the IRS. Believe it or not, even the IRS had to close its doors while the Congress and Senate wrangled over the debt ceiling. […]

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Online payment

January 13, 2014 by in category irs, Taxes tagged as , ,

What is the IRS Online Payment Agreement Program? Owing the Internal Revenue Service (IRS) money is not an occurrence that is all that rare. However, it is also not something that you want languishing for months and years, on end. Indeed, the longer that it is not addressed, the more money you will owe in […]

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Job Changes Affecting Taxes

January 12, 2014 by in category Taxes tagged as ,

How Job Changes Impact Your Taxes Few people have the same job for their entire working life. Chances are that you have changed jobs at least once and will again before you retire. Even if you remain in the same profession, you may still move to a new employer at least once. Whether you have […]

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2013 Tax Returns

January 11, 2014 by in category Taxes tagged as , , , ,

What to Expect for 2013 Tax Returns Another year has come to an end, which means that tax time is right around the corner. The rules for filing 2013 tax returns are similar to those from 2012, but with a few notable differences. Tax Brackets The tax brackets for 2013 are very similar to those […]

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Home Office Deductions

January 10, 2014 by in category Deductions tagged as ,

Do you regularly work from home? If you do there may be a tax deductions that allows you to deduct expenses for business use in your home. In the past, if you wanted to claim a home office in your tax deductions you were required to calculate, allocate, and substantiate complex and drawn out requirements. […]

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Stay out of Debt

January 9, 2014 by in category Tax Debt tagged as ,

Staying debt free is a very popular subject and a lot of people have a lot of opinions on the best way to achieve that task. Because everyone is different, you have to find what works for you and your spending habits. Here are a couple of tips that can help you stay debt free: […]

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Debt Settlement

January 8, 2014 by in category Tax Debt tagged as

What It Is a Debt Settlement and How To Handle It Juggling debt, whether it is credit card debt, student loan debt or other debt, can be quite the challenge. In some instances, managing debt can become overwhelming. This often happens when someone experiences a job loss or other financial disaster. Then, before you know […]

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First Time Filers

January 7, 2014 by in category Taxes tagged as , , , ,

Tax Tips for First Time Filers Filing your taxes for the first time is a major personal milestone. It’s also a task that may seem overwhelming, if you’re not properly prepared. Fortunately for most tax rookies, the process is fairly straightforward and doesn’t require much more than research, effort and patience. Here are some smart […]

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Tax Deductions for Businesses

January 6, 2014 by in category Deductions tagged as , , , , ,

U.S. businesses are faced with a myriad of tax regulations when preparing and filing returns. Although it is time consuming, management must sort through these rules to reduce taxable income to its legal minimum. Luckily, the Internal Revenue Code does provide deductions businesses can use, and parsing through the IRC reveals some simple, yet effective […]

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How to Pay off Holiday Bills

January 5, 2014 by in category Taxes tagged as

The holiday season is over and now you have a big credit card bill from all your generosity this season. Don’t panic! Those bills will be paid off in no time if you use these five tips: Don’t Ignore Your Bills: It may be easier to just put them on a back burner and forget […]

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