Can't Pay Your Taxes? Set Up an IRS Payment Plan

By Top Tax Staff

So you can’t pay your taxes. Don't start worrying about getting in trouble with the IRS yet. Did you know the IRS will let you set up a payment plan? That’s right, the IRS has lay-away! Well, not quite. You don’t get anything back when you pay your bill off except for the knowledge you are in good standing with the feds. 

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How to File Back Tax Returns

By Top Tax Staff

Nothing sets the nerves on edge quite like the need to file back tax returns. Deserved or not, the IRS has a reputation for making life difficult. (We will admit they are trying to be nicer.)

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Tax Tips: When to Hire a Tax Professional

By Top Tax Staff

There are times when you can do your taxes yourself, and there are times when it’s prudent to hire someone to help you.  It comes down to how complicated your taxes are and your comfort level in dealing with them.

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New Ebook: Settling With the IRS When You Haven't Filed Taxes in Years

By Top Tax Staff

If you haven’t filed your income taxes for a while, you are probably wondering what to do now. Should you continue your habitual non-tax filing behavior? Or should you throw yourself on the mercy of the IRS?

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Your Guide to Tax Laws Passed for COVID-19 Relief

By Top Tax Staff

COVID-19 has been at the center of our lives for more than a year. To help with the financial impact of the pandemic, the federal government has passed several laws aimed at providing financial aid to those struggling. But how do these laws affect your taxes? How can you take advantage of new financial relief options?

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IRS Audits: What Raises a Red Flag?

By Top Tax Staff

No one is excited about being audited by the IRS. Even though the IRS has been slammed like everyone else, there is still a chance your return will get flagged for an audit.

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What the American Rescue Plan Act Means for Your Taxes

By Top Tax Staff

The American Rescue Plan Act or ARPA was signed on March 11, 2021, and provides around $1.9 trillion in federal spending.

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Your Checklist for the May 17th Tax Filing Deadline

By Top Tax Staff

Is there anything that didn’t happen in 2020?

Toilet paper hoarding? Check.

Wild and crazy Presidential Elections? Check.

Murder Hornets? Check.

When did anyone have time to think about taxes, even if they had a job or a business that survived the lockdowns? At least Uncle Sam said you don’t have to file until May 17th.

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Your Guide to IRS Tax Changes for 2021

By Top Tax Staff

Tax law changes all the time. Each year has something new to learn about how much you owe, how much you can save, and what impact the new law will have on your financial life.

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Do I Qualify for the Earned Income Tax Credit

By Top Tax Staff

Tax credits are like “found money” that turns up when you fill out your tax form. Unlike deductions, credits are awarded dollar for dollar. In other words, if you are eligible for a $300 tax credit, you get $300 off your tax bill—kind of like a sale at the grocery store.

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