Purposes of Taxation
It’s widely known across America that April 15th is Tax Day. But you might be unaware of all the reasons behind why we pay taxes. If you’ve ever wondered, “What’s the point?” then this article is for you. What Is Taxation? At its core, taxation is the act of the government imposing levies on individuals so that they […]
Unfiled Tax Returns and IRS Audits: What to Know
With Tax Day right around the corner, you might be panicking as you try to get all your things in order. Even when you do everything right, you may still find yourselves surprised when, months later, the IRS audits you. If you’re worried that this is something that might happen to you – or if […]
Tax Debt Resolution Scams and How to Spot Them
With Tax Day right around the corner, you might not realize that there are things you need to be wary about when it comes to your taxes. So as not to have a miserable time of Tax Day (and afterward), we’re here to help you learn about some of the signs you need to keep […]
IRS Consequences: Garnishments and Levies
When it comes to the IRS, it is a no-joke sort of agency. There are rules and regulations as well as about eight thousand hoops you have to jump through if the IRS comes after you. You will likely be required to provide specific documentation for a specified amount of time that can go back […]
Important Information for Handling Payroll Taxes
No matter which side of the equation you are – an employer or an employee – Tax Day can seem like one of the scariest days of the year. This is because there are so many rules and regulations that must be followed, as well as nitty-gritty bits of information that can trip you up […]
Unfiled Taxes
Although it may seem too early to start thinking about it, Tax Day 2022 is coming up. Tax Day is always April 15th, and it can never be too early to start thinking about it. But what happens if you miss Tax Day? What happens if you end up with unfiled taxes? As you might […]
Tax Breaks/Tax Brackets
Demystifying the whole tax situation is rarely fun. There are so many details to try and keep in mind and many small elements that can trip you up when it comes time to focus on your taxes. Some terms that you might have come across during your attempts to make taxes make sense are “tax […]
Tax Deductions for Businesses
Whether you own a large, global business with millions of employees and a wider reach than the average human . . . or if you’re the lone proprietor of a small business, you might be eligible for tax deductions. In the United States, businesses of all definitions are allowed to lower how much they owe […]
Tax Debt Resolution
When it comes to taxes, there are so many hidden rules and regulations that might trip you up when it’s time to pay annual taxes. However, if you stumble upon one of these regulations and find yourself in need of tax debt resolution help to deal with the issue, read on. What is Tax Resolution? […]
Payroll Taxes
When it comes to income, there are dozens of little things and elements that can reduce the amount of money you’ll ultimately earn. In most situations, these fines and income-reducing elements are part of your payroll taxes. What Are Payroll Taxes? Payroll taxes are taxes paid on the wages and salaries of employees. These taxes