Keep Tax and Financial Records Safe

Hurricanes, tornadoes, fires, floods and other natural disasters are common during the summer months. Take a few simple steps to protect your tax and financial records in case a disaster strikes. Here are four tips to help you protect your important records. Backup Records Electronically. Keep an extra set of electronic records in a safe […]

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Interest Rates Flat for Third Quarter 2013

The Internal Revenue Service recently announced that interest rates will remain the same for the calendar quarter beginning July 1, 2013 as in the prior quarter. Current rates, which will remain unchanged, are: three (3) percent for overpayments [two (2) percent in the case of a corporation]; three (3) percent for underpayments; five (5) percent […]

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Filing Bankruptcy on Back Taxes

When tax debt becomes overwhelming, it is normal to seek out an all-inclusive solution. For some people, that solution comes in the form of bankruptcy. Bankruptcy is a form of debt relief that essentially wipes the slate clean, giving you a fresh financial start. However, it comes with some serious consequences. Before you commit to […]

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Factors of Installment Payment Amounts

What determines your tax installment payment amount? Several factors come to mind. Since every person has a unique financial situation, their tax payment terms are also unique. Lucky for all of us, the government doesn’t require a flat monthly amount for its installment agreements. Here is a look at some of the determinants for installment […]

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