When people establish a small business, they are often surprised by just how much paperwork and documentation is involved. Meticulously tracking, filing and reporting all of your expenses, income sources, payroll information and other financial details can be a major drain of your time and resources. While you might be discouraged by the cost associated […]

No one wants to pay more income tax than they are required to, but you should be careful if you do your own taxes. Attempting to cut your tax liability by getting into IRS gray areas can cause you problems later on. You don’t have to do anything unethical to get your return pulled for […]

Until recently, cryptocurrency investors have mostly flown under the radar as far as taxes are concerned. Now those days are coming to an end, and many holders of virtual currency are scrambling to understand what they owe and how their investments may impact their finances. The IRS has already requested the identities of those who […]

If you don’t have enough money to pay what you owe the IRS, you have a few options to work with. Whatever you do, don’t ignore the letters from the IRS, and don’t let your back tax problem go unaddressed—the IRS has a great deal of power when it comes to recovering money they think […]