What Is Your Tax Bracket?

For you to be able to file your income tax and any other tax properly, it is important to know what your income tax bracket is, your filing status, and which income tax rates apply to you. When people talk about tax brackets, they are referring to the Marginal Tax Rate – the rate at […]

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How To File Back Taxes

To finally be free from stress caused by your tax problems, you would need to first file all your back taxes. This is true even if you already missed returns for a couple of years. Some people tend to put it off after missing one return, then eventually failing to file a couple of years […]

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What Happens If You Don’t File Taxes

There are certain things that are better to be unplanned. This can be true in terms of travel, dates, or parties, but not when it comes to filing your taxes. Your excuse that you work better under pressure will not be on your side this time around. Filing taxes can be a lot of work […]

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Changes and Considerations for 2021 Tax Filing

The Internal Revenue Service (IRS) implements minor tax changes every year, including adjustments for inflation, new exemptions and alterations to certain provisions. Most things have been unusual lately thanks to the COVID-19 pandemic, and 2021 tax changes are a little more dramatic than normal. So far, Congress and the IRS have not decided to push […]

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How To Deal With A Tax Audit Notice

Receiving a tax audit notice seems like one of the worst nightmares in the tax world. It’s understandable to panic and to express fear caused by the matter. The good thing is that your chance of getting audited is relatively small. However, it happens and no one can guarantee you that you wouldn’t be hit. […]

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How To Navigate Tax Resolution

Financial security is one of the building blocks of a successful life, even more so during the current economic times in which we live. The debt crisis is at critical levels with tax debt growing at record levels. With this knowledge, it is ever more crucial to ensure that you deal with tax liabilities promptly […]

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