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One of the biggest mistakes taxpayers make is failing to pay their back taxes. This is a common problem for many Americans, especially those who are self-employed or have multiple sources of income. When you owe back taxes, it can be tempting to ignore the problem and...

Tax filing season is here again, and millions of hardworking Americans are already dreaming of those big refund checks. Unfortunately, many of them may be disappointed this year. Taxes can be a complicated and often stressful aspect of personal finance. Nobody wants...

Tax season can be an unpleasant time of year for a lot of taxpayers, especially if you owe money to the IRS or State. The one thing you can do is, be proactive, prepared, and engage a tax resolution specialist to help guide you. If you owe back taxes to the IRS, then...

Under Section 121 of the Internal Revenue Code, you may be able to exclude most, if not all, of your gain from tax when you finally sell the home. Has your home substantially increased in value since you bought it years ago? It’s a common occurrence. Fortunately, you...

The Internal Revenue Service is urging people to stay resolute against ongoing scams and schemes by properly securing computers, tablets and phones. Solid cybersecurity protection and scam recognition is vital to reduce the threat of identity theft inside and outside...

The IRS has announced that individuals have until May 17, 2021, to meet certain deadlines that would normally fall on April 15. This follows a previous announcement from the IRS on March 17, that the federal income tax filing due date for individuals for the 2020 tax...

The filing date for the federal income tax has been postponed until May 17. The IRS has announced that individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to May 17, 2021, without penalties and interest,...

The gig economy is integral to millions of Americans' livelihoods, and the IRS is itching to take its share. The IRS says the gig economy includes any "activity where people earn income providing on-demand work, services or goods," such as ride-sharing and delivery...

COVID-19 brought financial challenges to much of the public and forced companies to reimagine how business is done. Congress responded with generous relief, much of which runs through the tax code. National tax and accounting firm Grant Thornton LLP has developed...