Tax Evasion Vs. Tax Avoidance
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…
What Is an Audit?
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…
Small Business Grants
Federal and state agencies, plus some privately owned companies, offer grants to help entrepreneurs cover various costs associated with starting and running a business and those who need relief due…
IRS Phone Scams
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…
How to Keep Track of Business Expenses
When you run a small business, you have so many tiny details to juggle that it’s easy to lose sight of the big picture. Amid all your other responsibilities, expense…
How to Start a Small Business at Home
If you’ve ever imagined yourself having the freedom to set your schedule and work on your terms, now might be an ideal time to start a small business at home.…
What If You Can’t Pay Your Taxes?
Though some people might dread the idea of filing their taxes, everyone loves the idea of getting money back from the government. Most Americans can expect to get a tax…
How Long After My Tax Return Is Accepted Will I Get My Refund?
Have you ever wondered what happens to your tax return after you file it with the IRS? If you’ve ever found yourself checking your bank account in hopes of seeing…
How to File Late Taxes
The federal tax return filing deadline for the 2021 tax year was April 18, 2022. If you missed this deadline and did not already apply for an extension, it’s critical…
What Happens If You Miss the Tax Deadline?
Millions of Americans procrastinate on filing their tax returns every year for various reasons – they believe the process is too confusing or time-consuming, they find it stressful or they’re…
Pandemic Tax Write-Offs
The COVID-19 pandemic has caused massive societal shifts in the past two years, and one of the most significant changes is how and where people work. Some people who work…
No Tax Extension in 2022
While Tax Day is typically in mid-April, the IRS lengthened the tax deadline in 2020 and 2021 in response to the COVID-19 pandemic. However, in 2022, you must file your…