How To Easily Take Care of an IRS Notice
Nov30

How To Easily Take Care of an IRS Notice

The IRS sends millions of notices and other mail to taxpayers every year. Here are some easy steps on what you should do: Don’t Panic. It’s mail. It doesn’t have teeth, so you might as well open it and read it. Don’t Ignore It. It is important that you do reply to IRS notices promptly, otherwise ignoring the issue can bring unwanted consequences. Focus on the Specific Issue and Follow Instructions. IRS notices...

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Protecting Your Computer From Online Threats
Nov27

Protecting Your Computer From Online Threats

Scammers, hackers, and identity thieves are looking to steal your personal information and often your money. By taking the right precautions you can help protect yourself from these threats, such as keeping your computer software up to date and only entering personal information when it is necessary.   Understand your Protection Software. Online security software can help protect your computer against digital threats which are...

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5 Things Taxpayers Shouldn’t Be Afraid Of
Nov26

5 Things Taxpayers Shouldn’t Be Afraid Of

Here’s a list of 5 issues you, the taxpayer, shouldn’t be afraid of when it comes to seeing the tax[wo]man. Claim those deductions. Some people fear that claiming tax deductions will raise eyebrows at the Internal Revenue Service. This issue is only sensitive when it comes to what deductions a corporation can take as opposed to a sole proprietor and even then, if you have the documentation to prove it, what are you worried...

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Tax Exemptions, Deductions, and Credits, Oh my!
Nov24

Tax Exemptions, Deductions, and Credits, Oh my!

Tax exemptions, deductions, and credits are all tools which can reduce the amount of taxes that a person owes. Some of these reflect a person’s ability to pay tax, while others are incentives intended to advance specific social policy goals, such as charitable donations and home mortgage interest payments. Here are the three types in brief: Exemptions These are a list of items that can reduce your taxable income set at a fixed...

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Tax Withholding Tips
Nov20

Tax Withholding Tips

Americans in recent years have become addicted to receiving their refund from the IRS, which for many of them is a way of forcing themselves to save money. Unfortunately by allowing the federal government to hang onto money that you are due for extended weeks or months, by not adjusting your tax withholding status you are actually allowing the federal government to borrow money from you for free at no interest. It is not exclusive to...

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