Tax Resolution
How to Turn Your Side Hustle Into a Massive Tax Deduction
If you took on a side hustle last year to make ends meet and earn some extra cash, you may have found an unexpected surprise when you filed your taxes. If you did not prepare carefully, you probably…
Made a Mistake On Your Tax Return? Here’s What To Do.
Tax returns can be complicated and tricky to understand. Even for a professional, it can be surprisingly difficult to get every number and detail right. Often, you only notice the mistakes when you…
What is a Levy? IRS and Other Asset Levies Explained
Falling behind on your debts is never a fun place to be. It’s less fun when a levy is placed on your assets. In this article, we take a look at what an IRS levy is, why it happens, and what you can…
IRS Collections Is Starting Back Up. What To Do If You Owe Back Taxes
2020 threw a huge wrench into everything and the IRS collections proceedings are no exception. With the tax deadline pushed until July 15th and a lot of the IRS closed under shelter at home orders…
How to Stop an IRS Tax Levy
Of all the companies you might owe money to, the Internal Revenue Service can be the least forgiving. If you don't pay your taxes, the IRS will levy and take possession of your property, including…
Why the IRS Cares About Your Cryptocurrency Holdings, and Why Now is the Time to Come Clean
After years of flying under the radar, taxpayers who hold Bitcoin, Ethereum, Litecoin and other cryptocurrencies are finally getting their fair share of scrutiny from the IRS. The tax agency, it…
