Identifying Effective Tax Help Solutions
Under the current federal tax law, married people in Washington can choose to either file their taxes separately or jointly. This decision is critical because if your spouse makes an error, you can both suffer if you file together, but if you file separately, you...
The total number of audits performed on an annual basis by the IRS continues to drop. This is as true in the state of Washington as it is in the rest of the nation. While this may be good news for taxpayers, it may also come with a caveat. The number of audits...
The omnibus bill that was recently passed by Congress contained several new measures that many lawmakers would have preferred to be left out, but the fact the new laws were tagged to the continuing government funding initiative meant that some would stay in the...
Many people automatically envision an IRS audit as a highly stressful event taking place in a darkened room like something from a detective movie. Fortunately, such a stressful encounter is a rarity. In any event, it is wise for taxpayers to remain organized and take...
Whether you're a busy parent working a full-time job, a small business owner focused on operations or a real estate investor with multiple properties, paying taxes in Washington is required. Unfortunately, you can get sidelined with life's priorities and not have the...
If you have a child, you may be eligible for the child tax credit. Do you know that this credit can reduce your federal income taxes by up to $3,600 per child? If you're considering claiming this credit, there are several things to keep in mind. What is the child tax...
Most find the possibility of facing an IRS tax audit an overwhelming and intimidating experience. With numerous layers of complexity and the looming prospect of a mysterious meeting with government officials, individuals worry about presenting the information...
Running a business comes with a lot of challenges. When tax season comes around, it may seem like just another obligation you need to take care of. Instead of dreading doing your business’s taxes, it may be an opportunity to reduce the value of your business assets...
Many Washington entrepreneurs take advantage of the tax code and its various deductions, but things don't always work smoothly, even for honest business proprietors. The Internal Revenue Service may send a letter notifying the taxpayer of an audit. Preparing for an...
Recent IRS warnings in Washington are cautioning taxpayers to avoid any scams that request money. Today’s tax season is full of major risks like identity theft. Ransomware is now disguised as friendly data requests that turn into criminal bribery. Though you may not...
