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.
The IRS has just announced it is waiving the estimated IRS underpayment penalty for millions of taxpayers who fell short this year. It’s not every day the IRS decides to give millions of taxpayers a break, so savor the moment for now. Now let’s break down what this means for the average taxpayer. The IRS […]
The Earned Income Tax Credit (EITC) is one of the largest credits offered to U.S. taxpayers. Available since 1975, it can help to reduce tax liability or even provide a tax refund. This can provide a helpful financial boost for those with low-to-moderate income levels. Read on to learn what the EITC is and how […]
Planning a wedding is one of the most exciting times in a person’s life, but marriage is about much more than the romance of that one day. When you become a husband or wife, you also become a financial partner and often a business partner. A prenuptial agreement (prenup) is a way to address many […]
Have you received the dreaded audit letter from the IRS? While it can feel shocking and stressful, like getting called to the principal’s office, there’s no need for alarm. Many Americans go through audits every year and make it out fine. In 2018, nearly one million taxpayers underwent an IRS audit of their individual returns. […]
When filing your tax return, one of the first questions you’ll face is, “What is your filing status?” Your answer determines how the IRS will treat your return and can make a huge difference in what you owe. Therefore, it’s important to make the right choice. But how do you decide? Let’s take look at […]
Has the IRS levied your assets, bringing your daily life to a screeching halt? It’s a stressful situation, but there is still hope. The IRS wants to collect as much as they can from taxpayers without causing so much hardship they can’t afford basic living expenses. That means they’re often willing to work out an […]
Are you struggling with tax debt and feel like you’ll never get out? You’re not alone. Every year, countless Americans face tax bills that they can’t afford to pay. Fortunately, the IRS has tax settlement programs that can help. Here’s what you need to know. What is tax settlement and is it available to you? […]
It’s that time again. Every year, the IRS releases its “Dirty Dozen,” revealing the top 12 tax scams for the year. Being aware of the top scams can help you protect yourself and ensure that you don’t accidentally take part in any fraudulent activity. Looking to stay safe this tax season? Here’s what you need […]
Most transactions leave digital footprints which make them easy to track. But once in a blue moon, people still make large purchases with cash. If you are the payer or payee of a cash transaction on U.S. soil that exceeds $10,000, here’s what you should know about IRS Form 8300. Read on to learn the […]
Have you received a 1099-C Cancellation of Debt Form from the IRS? If you have, you are probably a little confused. Not many people know that the IRS considers debt forgiveness as a source of income. You could call it a debt forgiveness tax. Yes, if you are lucky enough to get a creditor to […]
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