A tax break can be one of the easiest ways to lower what you owe to the government. Paying taxes is a part of everyday life, but that doesn’t mean you should pay more than necessary. Whether you are an individual, a business owner, or simply planning your finances,...
Taxes can feel confusing, especially when terms like “tax deduction” get thrown around. However, understanding deductions can help you save money. Knowing how they work gives you more control over your finances and helps lower the amount you owe. Let’s...
No one wants to hear from the IRS, especially after already going through an audit. But just because you’ve been audited once doesn’t mean it’s the last time. Understanding how often the IRS can audit you — and why it might happen again — is key to protecting your...
It might seem like a good idea to call the IRS yourself if you’re facing a tax issue — but it’s not. Taxpayers across the U.S. should avoid talking directly to the IRS. The IRS holds a lot of authority, and their agents are highly trained to handle people...
A tax preparer specializes in calculating, preparing, and filing income tax returns for both individuals and businesses. There are different types of tax preparers—some hold certifications from professional organizations, while others do not. Knowing their credentials...
If you’re concerned about a tax audit and its consequences, you’re not alone. Failing an IRS audit may lead to penalties related to your tax return. Though it can be a stressful situation, the impact of a tax audit doesn’t always result in disaster. The... 
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