Self Employed Sick and Family Leave Credits (Explained)
2020 was the year of all people being tax people. There was and continues to be a lot of misinformation about taxes going around on the...
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Timalyn S. Bowens
- Jan 30, 2021
- 5 min
Three Things to Consider When Choosing A Tax Professional So You Don’t End Up With Tax Trouble
Tax time is here! Covid-19 has brought about a lot of tax changes due to the different relief actions that the Government provided during...
Timalyn S. Bowens
- Jan 23, 2021
- 5 min
3 Steps Taxpayers Should Take to Prepare for Tax Season and Avoid Tax Problems
Let's be honest: taxes are a topic that most people hate to think about, especially if they end up owing money in back taxes every year....
Timalyn S. Bowens
- Jan 15, 2021
- 7 min
How to Fill Out a W-4 Properly and Avoid Owing the IRS
I've noticed in my time of being a tax professional, even before I became an EA, that one reason that people owe the IRS is because they...
Timalyn S. Bowens
- Jan 1, 2021
- 5 min
See How To Qualify For An OIC With The IRS Fresh Start Program Before You Sell Your Soul To The IRS
Debt SUCKS! It controls your life and wears you down. When you owe the IRS they control your life. They tell you what you will pay them...
Timalyn S. Bowens
- Dec 11, 2020
- 5 min
Face Your Fears: Your Four Options For Taking On The IRS
Will the IRS put me in jail? Will the IRS garnish my paycheck? Will they put a lien on my property? These are the questions going through...
Timalyn S. Bowens
- Dec 4, 2020
- 4 min
Owe the IRS? See How You Can Arrange Payments (Installment Agreements)
You can resolve your outstanding tax debt even if you owe the IRS $30,000 or more! If you cannot pay the bill in full at the time the tax...
Timalyn S. Bowens
- Nov 13, 2020
- 4 min
4 Reasons Your Offer in Compromise (OIC) was Rejected
Settle your tax debt for pennies on the dollar! I know you've heard the promises made by the big corporate tax mills on the radio and TV,...
Timalyn S. Bowens
- Oct 31, 2020
- 3 min
7 Deadly Sins That Give the IRS More Time to Collect From You
I've noticed on my social media timelines that people have been making statements such as "the IRS only has 10 years to collect taxes...
Timalyn S. Bowens
- Oct 29, 2020
- 3 min
My Spouse Owes the IRS, How Do I Protect Myself?
Are you ready to ring your spouses neck because they still haven't taken care of that "little tax problem" they told you they have? You...
Timalyn S. Bowens
- Oct 20, 2020
- 3 min
3 Reasons You May Be Able to Get Your IRS Penalties Removed
Missing a tax deadline can cost you time and money. Not filing alone can quickly add up with a failure-to-file penalty that can add up...
Timalyn S. Bowens
- Oct 19, 2020
- 3 min
How to Get Your IRS Penalties Removed
No one likes to pay penalties. IRS penalties are no exception. They are often avoidable but are added to the tax assessed due to lack of...
Timalyn S. Bowens
- Oct 14, 2020
- 2 min
Avoid the Kiss of Death in Your Business
163,765 US businesses closed as of August 31st due to the pandemic, according to Yelp. They also reported that of those businesses...
Timalyn S. Bowens
- Oct 7, 2020
- 4 min
What is a Tax Levy? What You Should Do If You Get One
Losing sleep from falling behind on debt is stressful. It is even less fun when a levy is placed on your assets. In this article, we will...
Timalyn S. Bowens
- Oct 2, 2020
- 4 min
Avoid These 5 Common Tax Filing Mistakes That Can Get You In Tax Trouble
Whether you file the simple 1040 or a complex 1040 with a raft of schedules, making a mistake on your return could lead to big tax...
Timalyn S. Bowens
- Sep 23, 2020
- 3 min
Can You Cut a Deal with the IRS?
2020 has been a financially devastating year for many hard working Americans. Some of us have been faced with problems like losing...
Timalyn S. Bowens
- Sep 17, 2020
- 4 min
Is Tax Season Over? Here is Why You May Need to File an Amended Return
Few people look forward to tax filing season. Unless you are an accountant who loves tax season, you probably dread this time of year,...
Timalyn S. Bowens
- Aug 13, 2020
- 5 min
Self-Employed Tax Forms: How to Store Them, How to File Them, and How to Reduce Your Tax Liability
Working from home can be a dream come true, especially if you also work for yourself. Opportunities for freelancers, gig workers and...
Timalyn S. Bowens
- Aug 7, 2020
- 3 min
Bankruptcy and Taxes: What You Should Know
Covid-19 has brought about a lot of changes this year. Many people will be filing for bankruptcy in hope of relief from the financial...
Timalyn S. Bowens
- Jun 5, 2020
- 3 min
4 Things You Should Know if You Owe the IRS
Receiving a notice from the IRS has been known to do its fair share of making taxpayer's blood pressure rise. It is easy to feel like you...