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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The Tax Implications of Legal Settlements: Will You Owe The IRS?
What is a Legal Settlement? Before we can determine if your legal settlement or judgment is taxable, it’s important to understand what a legal settlement entails. A legal settlement is
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What is The General Business Credit?
What is The General Business Credit (GBC)? The general business credit is a provision in the tax code that allows businesses to reduce their tax liability by claiming various credits
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The Ins and Outs of Tax Filing Statuses: A Quick Guide
Understanding The Different Tax Filing Statuses Before we explore the specific tax filing statuses, it’s important to grasp the general concept. The Internal Revenue Service (IRS) offers five filing statuses:
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Untangling The Knot: How Divorce Affects Your Taxes
Divorce & Your Tax Filing Status When you go through a divorce, your marital status changes. This in turn affects your tax filing status. The most important change is transitioning
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Unpacking State Income Taxes: A Guide For Those Moving to a New State
How State Income Taxes Work State income taxes are levied on the income earned by individuals within a specific state. The rates and structures of these taxes can vary significantly
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