Taxes become more complicated every year, and it doesn’t look like that trend will end anytime soon. We have gathered some of the most popular posts of the last tax year so you can get an idea of the kind of problems people are trying to solve and to put some of our most valuable advice in one spot.
From how to handle things when a spouse owes back taxes to the impact of wage garnishment on your credit report, read these gems for helping you keep your tax house in order.
4 Tax Options When a Spouse Owes Back Taxes
When people get married the last thing they want to think about is their taxes. However, as in all else in a marriage, you share this part of your spouse’s life, too. Why would someone else’s back taxes affect you? Because if you file a joint return, you will be on the hook for those taxes as well.
Read more about ways to mitigate your risk and tools that could bring you tax relief.
Top 8 Reasons the IRS Will Audit You
One of the scariest letters you will ever get is the one from the IRS telling you they are going to audit your tax returns. Now, most of use aren’t trying to cheat on our taxes, but even the most innocent error can catch the eye of the Internal Revenue Service. Uncle Sam wants to make sure to get its fair share.
Do you want to know some of the most common reasons for a tax audit? It can be as little as a transposed number to the simple fact that you are self-employed. Look no farther, because we have them for you here.
What Happens if You Haven’t Filed Taxes in Over 10 Years
Ten years seems like a long time to skip over the annual confusion and stress, but it can happen. Sometimes all it takes is once, and thereafter it seems like it’s just too much trouble to rectify the situation. The next thing you know, a decade has gone by.
Now what will you do? You do have options, even at this late date. Take a look through this post to see what you can do to get yourself square with the federal government.
Can I Have Two Wage Garnishments at One Time?
Trying to keep up with multiple creditors can tax even the most organized person (no pun intended). Garnishment amounts can add up to a significant portion of your paycheck until the debt is paid. But just how far can creditors go to get their money back?
Read this post and find out not only how much of your wage someone else can take, but also how to prevent garnishment in the first place.
The Impact of Wage Garnishment on Your Credit Report
As if it isn’t enough that your wages are being garnished and your paychecks are getting smaller, the very act of garnishing your wages can affect your credit score. In a world where it seems like everyone wants to know your financial history, a low credit score keep you from any number of things from finding a place to rent to getting a loan.
What happens to your credit report when your wages are garnished and how can you keep it from happening to you? Read our post to find out.
We hope this information helps you on your way to improving your tax situation. Top Tax Defenders is here to help if you have any tax problem that seems insurmountable. Give us a call or check out our website for more great advice and services.