What Qualifies You To File Taxes? Essential Eligibility Tips

What Qualifies You To File Taxes? Essential Eligibility Tips

Filing taxes is a responsibility that depends on your income level, filing status, and eligibility for certain tax credits. If you earn below a specific threshold, you may not be required to file a tax return. However, even if you’re not legally obligated, filing...
What Is The Difference Between A Tax Attorney And CPA?

What Is The Difference Between A Tax Attorney And CPA?

Understanding the difference between a Tax Attorney and a Certified Public Accountant (CPA) is crucial when dealing with tax issues. While both professionals work with taxes, a tax attorney provides legal expertise that a CPA cannot. Tax attorneys specialize in IRS...
Can I Pay Someone To Do All My Taxes Professionally?

Can I Pay Someone To Do All My Taxes Professionally?

You want your taxes handled professionally, but that doesn’t mean you want to get lost in the details. As tax season approaches, you might be wondering—should you hire an expert for tax preparation to ensure full tax compliance? When to Engage a Tax Professional for...
What Are The Pros And Cons Of Filing A Tax Extension?

What Are The Pros And Cons Of Filing A Tax Extension?

If you need more time to file your personal tax return, you can request an extension using IRS Form 4868. This extension grants you an additional six months, shifting the deadline from April to October. One of the biggest advantages of filing for an extension is that...
What Are The Common Reasons I Owe More Taxes This Year?

What Are The Common Reasons I Owe More Taxes This Year?

Reaching the end of tax season only to find out you owe money to the IRS is one of those gut-wrenching moments—right up there with spotting flashing blue lights in your rearview mirror or hearing, “We’re canceling Netflix. No more account sharing.” It’s frustrating....
What Happens If Your Taxes Get Audited By The IRS?

What Happens If Your Taxes Get Audited By The IRS?

When your taxes get audited by the IRS can feel like a 10 on a scale of 1 to 10, with 10 being the worst. Audits can lead to large tax bills, but there’s no need to panic. Various audits exist, ranging from minor to extensive, each governed by clear regulations....