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...
Tax Law
Do you qualify for injured spouse relief?
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...
Why do people have to file their own taxes?
If you're working your way through your taxes, you might find yourself asking one very simple: Why? It's not that you don't understand why you have to pay taxes, but you may wonder why you have to file them. You are not trained as a tax expert or an accountant, most...
Can you avoid taxes using cryptocurrency or offshore accounts?
Taxes are a constant financial burden. No matter how you earn your income, you have to pay some of that money to the federal government and possibly the state as well. Many adults, especially those with significant income or personal property, would love to reduce...