fbpx
Trump vs. Biden Tax Policy

Trump vs. Biden Tax Policy

Taxes are one of the hot topics in this year’s election because it affects each one of us. Regardless of your political opinions, it’s important to understand how the current tax laws affect you and how they may change. The New York Times leaked years of President...
How Can I Talk to a Live Agent at the IRS?

How Can I Talk to a Live Agent at the IRS?

For many taxpayers the most frustrating part about doing their taxes is getting ahold of a real person at the IRS. The IRS is understaffed and unprepared to take on the daily volume of phone calls  they receive. Unfortunately, this has caused callers to struggle with...
The new 2020 tax form

The new 2020 tax form

I had an experience over the holidays with family that presented a wonderful opportunity to write about. I was asked by an in-law about the new 2020 tax form, and why one spouse will now be taxed higher based on their higher earnings. I will freely admit that caught...

How Do Tax Brackets Work?

There are actually two ways to look at your tax bracket. One is called your marginal tax bracket, and one is your effective tax bracket. Marginal Tax Bracket Your marginal tax bracket is the thing that is most common knowledge. They were recently changed in the newest...
How Long Can the IRS Audit Me?

How Long Can the IRS Audit Me?

In most cases, the statute of limitations grants the IRS a period of up to three years in which to initiate an audit of a taxpayer. The three-year clock begins counting down from the latter of the following dates: The date on which the return was originally due.In...

Pin It on Pinterest