There are options to help you resolve your tax debt and SuperMoney.com has done the research to help you find out what tax relief path is best suited for your specific situation.
Article Summary: Taxpayers can earn tax relief on their pensions so that some of the money they would have paid in tax on their earnings go into their pensions pot rather than to the government. Tax relief is paid on your pension contributions at the highest rate of income tax you pay. Pensions are a […]
Article Summary: Selling a house is never easy. From inspections to viewings to the closing, the entire process is grueling. But if you have a tax lien, selling your property becomes even more complicated. If there is a federal tax lien on your home, you must deal with the lien before selling your home. Here’s […]
Article Summary: A penalty abatement letter outlines to the Internal Revenue Service (IRS) why you missed the due date for your tax filing or payment and provides you a chance to request penalty relief. By proving you have a reasonable cause for your late filing—such as a medical emergency—with supporting documents, like a doctor’s note […]
Article Summary: Audit protection plans, such as TurboTax’s Audit Defense, provide advice and takes care of correspondence with the IRS in the unlikely event you are audited. Most people don’t need this service, but is the peace of mind it buys worth it in your case? We discuss what two tax attorneys, CPAs, and enrolled […]
Article Summary: Every taxpayer knows that being audited by the Internal Revenue Service (IRS) is a risk. But just how far back might one of these audits go? Is it 3 years, 6 years, 10 years, or as far back as they want? This article will tell you. It will also help you make sure […]
Article Summary: People who charge for preparing tax returns or refund claims can face tax preparer penalties if they fail to perform their duties correctly or engage in illegal behavior. Find out what tax preparer penalties are and how you can avoid them. Tax preparers can face serious penalties if they are negligent or break […]
Article Summary A tax lien is the government’s subtle way of announcing to buyers it has a legal claim on the property until the tax debt is paid. Savvy property investors can find excellent deals at auctions. However, buying a house with a tax lien can be risky if you don’t know what you’re doing. […]
Article Summary The average tax attorney makes between $80K and $146K. That is a wide range. Find out how the average tax attorney salary varies based on the level of experience and education. We will also look into what it takes to become a tax attorney and this career’s earning potential with similar careers. Maybe […]
Article Summary The American Rescue Plan Act is best known for sending out $1,400 stimulus checks to many Americans and extending $300-enhanced unemployment. (“$300-enhanced unemployment” means state unemployment payments enhanced by $300 per week of federal stimulus.) But if you collected unemployment in 2020, you should pay attention to another part of the plan. You […]
Article Summary Tax preparation can be expensive, but it’s available for free if you know where to look. The IRS Free File program, for example, is a great option, but it’s by no means the only way to get free tax help. Filing income tax returns used to mean laboring over paper forms, boxes of receipts, […]
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