How Long Can The IRS Collect Back Taxes?
The IRS Collection Process and Timeline When you fail to pay your taxes on time, the IRS doesn’t immediately seize your assets. The collection process begins with a series of
-
What Income the IRS (Mostly) Doesn’t Tax
Common Types of Nontaxable Income It’s important to understand that IRS rules change, and many of these exclusions or special treatments carry conditions or limits. Always consult a tax professional
Read More -
How to Reconstruct Financial Records After a Natural Disaster
Wondering how to reconstruct financial records after a natural disaster? We've put together an easy list to help you find the missing pieces.
Read More -
SALT Deduction: What’s New and How to Maximize It
What Is the SALT Deduction? The SALT deduction is a tax provision (federal) that allows taxpayers to deduct certain state and local taxes from their taxable income. This includes: The
Read More -
Can The IRS Take My Paycheck?
Why the IRS May Garnish Your Wages A wage garnishment isn’t the IRS’s first step when a taxpayer falls behind. However, if you ignore tax bills, fail to respond to
Read More -
August Sales Tax Holidays By State
Heading out to do some shopping? Check our list of August sales tax holidays to see if your state is on the list!
Read More -
Tax Debt and Home Buying: Can You Purchase a New House if You Owe the IRS?
Will Tax Debt Prevent You From Buying a Home? Fact vs. Fiction Although tax debt can undoubtedly pose challenges when purchasing a new home, it’s essential to separate fact from
Read More