Tax Law

Most people resent the obligation to pay federal income tax, but doing so is a legal and social necessity. The desire to minimize taxes and even to avoid them is perfectly normal. Quite a few people wait until the very last moment to file their tax returns or pay what...

Tax liens and levies are legal actions taken by the government to collect unpaid taxes. Although both are used to enforce tax collection, they function differently and result in distinct consequences for taxpayers. Anyone who’s facing the possibility of these serious...

Keeping up with current tax laws is challenging, but it’s necessary for those who plan to do their own taxes. Even if you use a professional tax preparer, you must still ensure the information you provide to them is accurate. There are some tax issues that are...

In 2020, the CARES Act created Small Business Administration’s (SBA) Paycheck Protection Program (PPP) , which provides short-term and low-interest loans for eligible small businesses to cover business-related costs such as payroll expenses and certain operating...

Maybe you earned a very competitive salary at the height of your career and employed an aggressive accountant who claimed to legally minimize your tax obligations. You felt pleased with the results of their work, and you had no reason to question their professional...

For the average parent considering shared custody, their concerns focus primarily on access. They want to get to see their kids on birthdays or ensure that they can attend basketball games. If you don't address all of the right terms, especially if you handle your...

An audit will typically mean a careful review of your financial records and tax return filings. If there are serious issues, the Internal Revenue Service (IRS) could determine you owe unpaid taxes, and they could even pursue criminal charges in extreme cases. Audits...

Digital assets are more popular than ever, and more easily accessible than they were just a few years ago. More people have begun to buy them as unique property and as potential investments. While some people invest in digital currency, others invest in unique digital...

Depending on your income and history working in the United States, you may be someone who rarely or never pays taxes. While it’s completely acceptable not to pay taxes under some circumstances, you still need to file a tax return in most cases. Failing to file a tax...

Working in finance can be a great, stable career. People will always need someone to manage their retirement investments and file their taxes. Becoming a certified public accountant or a tax preparer can be a great way to start a financial career. However, a career in...