While tax season is a time of celebration for many Americans eagerly awaiting their tax returns, it can be a time of stress for many business owners. The 2023 tax season presents unique situations of which business owners need to be aware this time around. By staying...
As a married couple, you and your spouse share your home. You share income and personal property. You also most likely file a joint tax return. The process of filing taxes every year is both frustrating and time-consuming, so many people are quite happy to turn over...
People may find themselves facing income tax problems for many reasons. Some people misinterpret tax law when filing their returns and underpay what they owe, possibly for years. Others hire incompetent individuals as their accountants. You could have fallen victim to...
Earlier this year, we talked about “innocent spouse relief,” which is something you can seek from the Internal Revenue Service (IRS) if your spouse made errors or misrepresentations on your joint tax return without your knowledge. Innocent spouse relief can sometimes...
