6 Ways to Reduce Your Personal Taxes
Donate To Charitable Cause – Donating to Charity is a good way to reduce your taxes. You can write off charitable contributions if you itemize your deductions. When calculating the total charitable contributions, don’t forget gifts of cash, appreciated stocks or non-cash donations. Ideally, you can include even the mileage for transportation to do charity work […]
Read moreWage Garnishment Explained
A Wage Garnishment is when the IRS intends to collect on back taxes through your paychecks. This tactic often catches many people off guard due to the fact they typically find out on payday with little or no notice. BC Tax has helped countless individuals with this problem and can resolve this issue through many […]
Read moreWhat To Do If You Owe The IRS A Lot Of Money
If you owe the IRS, and have for a few years, the penalties and interest are piling up. This can really be a tough situation. Perhaps your income situation has changed or there was an error in your filing. Either way, you need to take care of it, and fast, to keep the penalties low. […]
Read moreWhat Should You Do If You Haven’t Filed Taxes in Years
What happens if you haven’t filed taxes in years? How many years can you go without filing taxes – for example, what happens if you don’t file taxes for 2 years? Sometimes, life happens, and you can’t pay your taxes on time or collect all the information you need before the filing deadline. Whatever your […]
Read moreTax Liens Explained
If you owe taxes, the Internal Revenue Service (IRS), state or local tax bureau wants to get paid. Sometimes, in an effort to get the money they feel they are owed, revenue departments will make a legal claim, known as a tax lien, against a piece of property you own. Tax liens are meant to […]
Read moreEverything To Know About An Offer In Compromise
Are you worried about a tax bill that you can’t afford? Are you hoping for tax debt forgiveness? Owing more in taxes than you can afford can worry any taxpayer. While you may not be able to attain complete forgiveness of your tax liability beyond filing for bankruptcy, you may be able to pursue another […]
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