Self-Employment Tax at a Glance

A lot of people quit their jobs to start their own business because they assume they can make more money that way. While it is true that self-employed people typically earn more money at first, these individuals also pay a lot more in taxes every year than traditional workers pay. Employees only have to pay […]

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How Long Can I Qualify For Uncollectible Status?

No matter how honest and faithful you are in paying your taxes, you may find yourself in a situation wherein you no longer have the capability of doing so. When this happens, you can ask for help from the IRS and they might be able to grant you an uncollectible status and will suspend collection […]

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How Can I Reduce My 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 […]

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What is Wage Garnishment and How to Stop It?

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 […]

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What do I do if I 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. […]

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What to 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? 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 reason for not filing, the Internal Revenue Service (IRS) takes not filing quite […]

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