What To Do About Debt Post-Marriage
I got married and found out my spouse owes back child support, student loans and owes the IRS – what do I do now?
DetailsI got married and found out my spouse owes back child support, student loans and owes the IRS – what do I do now?
DetailsI’m retired and over age 65 – what taxes do I owe? This is a complex question that varies depending on your income.
DetailsThe IRS is slowly processing tax returns from 2021. Due to issues related to the pandemic and staffing limitations, the IRS is working through a large inventory of paper tax returns and correspondence.
DetailsFrom moving jobs to divorce, there are a lot of big life changes that can happen. How do they affect your taxes?
DetailsDid you file your taxes online? Then it’s possible you forgot to prepare a Local Income Tax Return. Most online tax software does not prepare or file a local income tax return. In the state of Pennsylvania, a local income tax return is required in most counties. You pay 1% or in some areas a…
Details“I’m paid as a self-contractor – what should I be doing to prepare for taxes?” If you are paid as a self-contractor and no taxes are being withheld from your pay then you’re responsible to pay the federal, Social Security, Medicare, state and local taxes on this income at tax time. You also can deduct…
DetailsWhat is virtual currency? Virtual currency is a digital representation of value, other than a representation of the U.S. dollar or a foreign currency (“real currency”), that functions as a unit of account, a store of value, and a medium of exchange. Some virtual currencies are convertible, which means that they have an equivalent value…
DetailsWhat if I missed a tax year and didn’t file my taxes? You can file your taxes any time, however, if you owe the IRS for that tax year you will incur hefty penalties and interest from the due date of the tax return. If you’re due a refund, the IRS will pay you interest,…
DetailsOwed taxes? How do I fix it for next year? There are many ways to adjust your tax situation now, so you won’t owe 2022 taxes. If you are an employee and are paid on a W2, then fill out a new W4 with your employer. The easiest way is to take the amount you…
DetailsThe April 18th deadline is approaching fast, what happens if you’re not ready to file? You may request up to an additional 6 months to file your U.S. individual income tax return. There are three ways to request an automatic extension of time to file your return. You must request the extension of time to…
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