child tax credit

The Child and Dependent Care Credit: What You Need to Know if You’re a Parent

If you’re a parent who regularly files income tax returns to the IRS, you’re probably already aware (and taking advantage of) the Child Tax Credit. But did you know there’s another tax credit you might be able to take advantage of if you’re a parent?

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overview of irs penalties

An Overview of IRS Tax Penalties

Getting in trouble with the IRS is not a fun experience. If you’re lucky, the only thing you’ll lose is your time (and maybe a little sanity). If you’re unlucky, you might have to pay some hefty monetary penalties to the IRS for unpaid taxes. In this blog post, we’ll examine why you might have to pay a penalty to the IRS. We’ll also look at ways to avoid having to pay tax penalties.

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Surviving the Tax Audit What You Need to Know to Protection Your Finances

Surviving the Tax Audit: What You Need to Know to Protection Your Finances

The best way to deal with a tax audit from the IRS is to avoid it altogether. But despite your best efforts, you still might receive the dreaded (and unexpected) IRS letter in the mail (the IRS will always initiate the audit process by mailing a letter). If you’re facing an audit, here are some strategies to help you get through the audit and avoid paying the IRS any more money than you have to.

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Five Expert Tips for Navigating the Tax Dispute Appeals Process

Five Expert Tips for Navigating the Tax Dispute Appeals Process and Coming Out on Top

The IRS says you have unpaid taxes. You think they’re wrong, but despite your efforts to explain to them why they’re incorrect, they refuse to budge. Now you just received a notice from the IRS saying they’re going to try and collect money from you. Is there any way to formally dispute this tax bill? Yes, and one way to do so is to file an appeal. Here are some tips to increase your chances of success.

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Top Five Tips for Filing Your 2023 Taxes

Top Five Tips for Filing Your 2023 Taxes

The 2023 tax season has begun, so it’s that time of the year when you get your tax documents ready for filing your return for 2022 income. Whether you prepare your taxes yourself or have a specific tax professional that you use each year, it doesn’t hurt to be aware of some tips when filing your taxes. These pointers can save you money, make the tax filing process easier or both.

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