Summer Camp Expenses: Can You Get a Tax Break for Your Kid’s Fun in the Sun?
Understanding The Qualifications for The Child and Dependent Care Credit Before we dive into the specifics of whether summer camp costs qualify for the Child and Dependent Care (CDC) Credit,
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Does it Really Pay to Become an IRS Whistleblower?
The Role of an IRS Whistleblower As an IRS whistleblower, your primary role is to provide credible information about individuals or entities that are violating tax laws. This could involve
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What Happens When You Default on Your IRS Payment Plan?
Consequences of Defaulting on Your IRS Payment Plan Defaulting on your IRS payment plan signifies a breach of your agreement with the IRS. Typically, the IRS will place your payment
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Teens and Taxes: Do I Have to Worry About My Kid Filing Taxes?
When Does a Teen Need to File Taxes? You might be asking yourself, “At what point does my child need to file taxes?” The IRS has clear guidelines on who
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What’s Adjusted Gross Income? Understanding the Key Components
What is Adjusted Gross Income (AGI)? Adjusted gross income, or AGI, is a term you frequently encounter on tax forms, but its significance extends far beyond the paperwork. AGI is
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The Ins & Outs of Federal Tax Liens
The Tax Lien Process If you owe back taxes, the IRS will send you a bill (Notice and Demand for Payment) that explains how much you owe. It will also
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Clearing the Confusion: Who Pays Taxes on Alimony Payments?
Alimony Rules 2018 and Earlier If you were legally divorced by December 31, 2018, the rules for taxes on spousal support differ from the current tax laws. For all existing
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