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income tax brackets 2022

Income Tax Brackets 2022

Friday, September 23rd, 2022

Each year, the IRS adjusts tax provisions to sync with economic changes. When tax time rolls around, you’ll want to know where you fall in income tax brackets, as well as how inflation interacts with your bracket, credits and deductions. You’ll also want to...

Tax Evasion Vs. Tax Avoidance

Thursday, September 15th, 2022

As all of us know, taxes are one of the unavoidable facts of life. So what happens when they’re not paid? You might have heard the terms “tax evasion” and “tax avoidance”. Despite sounding similar, these terms mean two completely different things, and can...

what is an audit

What Is an Audit?

Wednesday, August 24th, 2022

The IRS conducts financial audits to ensure businesses and individual taxpayers report their information correctly, according to current tax laws. Selection for an audit does not always mean there is a problem or mistake with your filing. Sometimes, the IRS identifies returns to audit...

phone scam

IRS Phone Scams

Wednesday, July 6th, 2022

Most taxpayers are understandably wary of learning there may be a problem with their annual tax return. Preying on this vulnerability, some criminals have developed phone scams in which they pretend to be IRS agents in hopes of stealing money or valuable information from...