A federal tax lien is essentially the IRS calling "dibs" on your property. It means they have a legal right to your property until you...

I've been in the tax industry since 2011. In my experience, there are two major fears of people who owe the IRS without the ability to...

The American Rescue Plan Act signed on March 11th not only provided the 3rd stimulus checks of $1,400 it also expanded the child tax...

The United States saw a 3.4% drop in giving from individuals in 2018 following the Tax Cuts and Job Act (TCJA) of 2017 according to the 2019 Giving USA report. This is due to the standard deduction doubling, which left many taxpayers unable to itemize and therefore having no incentive to give to organizations they had given to in the past.

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...

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...

We have seen the 2020 Presidential Election in the news consistently for months! Americans chose sides based on their ethical beliefs. Is that the most important thing to base your vote on, the candidates view points on American jobs? Abortion? Supreme Court Nominees? I think all of these are very important but there is also another huge factor that I don't believe the American people are paying attention to, how this election will affect their taxes.

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 planning by the taxpayer. Whether you miscalculated your tax or had a life event happen, you may be eligible to have those penalties modified, reduced, or even completed removed! The IRS refers to the removal as Penalty Abatement .

163,765 US businesses closed as of August 31st due to the pandemic, according to Yelp . They also reported that of those businesses closed, 60% or them were permanently closed. 300 of those businesses were right here in Louisville, KY with the restaurant and retail industries being hit the hardest.

2020 has been a financially devastating year for many hard working Americans. Some of us have been faced with problems like losing...

***When this article was initially published the calculated savings included Medicare tax too. That has since been edited to reflect on...

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...

I talk with 5-10 different Insurance Agents, Medical Sales Reps, and Network Marketers each week and they all have one thing in common....