What is Earned Income Tax Credit?
The earned income tax credit is a benefit the IRS has established for working people with low to moderate income. It is an important piece of tax educ...
Pensions are very similar to retirement accounts, especially when it comes to taxes. In fact, the IRS bundles both of these together when explaining t...
What is the Best Time to Start Preparing Your Taxes?
The new year is a time to set new goals, rejoice on past successes and make a plan for your future—but it’s also a time to start thinking about yo...
In 2012, the IRS created the Fresh Start Initiative for taxpayers who were having trouble paying back their taxers. The initiative was meant to give t...
In short, a corporate income tax is a tax that all corporations owe to the IRS and is based of their income or capital. The rate of corporate income t...
Can the IRS Really Send Me to Jail for Unpaid Taxes?
For many Americans, the threat of legal action is a big reason we always ensure we pay our taxes on time. And for good reason—failing to pay your ta...
What is a Tax Exempt Entity?
A tax exempt entity is a corporation or organization that is not required to pay federal income taxes to the IRS. While many people think that nonprof...
5 Things All First Time Tax Filers Should Know
Taxes are tricky, and even those of us who have been filing our taxes correctly for over 20 years still have trouble with many tax-related items, espe...
IRS wage garnishments and a bank levy are often confused—and for good reason. Both are actions taken by the IRS when a taxpayer fails to pay their t...
How Do I Stop an IRS Wage Garnishment?
An IRS wage garnishment happens when you fail to pay the IRS and they come after your wages. When your wages are garnished, the IRS will take money st...