What You Need to Know About the Tax Code Before a Business Investment

By ||Categories: Tax Plans, Tips|

Many people spend so much time building their investment portfolios that they consider it a part of their business strategy. However, not all people making regular business investments actually qualify to be taxed as traders (the official IRS name for professional investors). To qualify as a trader, and get the excellent tax benefits that come along [...]

Here’s How You Can Have a Tax-Free Retirement According to the IRS

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When thinking of retirement, many people don’t consider that the money in their 401(k) or IRA will be taxed. They also don’t consider the tax rate for these plans in the future. Many analysts believe that tax rates are very likely to go up over time. This likely increase is due to the currently rising national [...]

IRS Warns Tax Payers About Tax Refund Delays

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If you’re thinking of claiming— or have already claimed— the Earned Income Tax Credit or the Additional Child Credit, the IRS wants to make sure you know your tax refund will be delayed. This year, the IRS has released several notices reminding taxpayers that their refunds will be delayed if they claim these credits. The IRS [...]

IRS Urges Travelers Requiring Passports to Pay Their Back Taxes or Enter Into Payment Agreements

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A few weeks ago, the IRS put out an official news release urging travelers requiring passports to pay their back taxes or enter into payment agreements. And the reason behind this notice? A new procedure that could put your passport at risk if you owe back taxes. This new procedure comes from the provisions within the [...]

Tax Relief For Hurricane Irma Victims: What You Need To Know

By ||Categories: Disaster Relief, Tax Relief, Tips|

In the wake of major disasters, the Internal Revenue Service has been known to grant certain forms of tax relief to help disaster victims recover. Such is the case for the United States and United States territory victims of Hurricane Irma, the Category 5 hurricane that recently devastated many Atlantic islands and much of the Atlantic [...]