While it is advisable to pay your taxes on time and in full, you might find yourself in a situation where you can’t clear the taxes due. Therefore, you will need to agree on a payment plan with the Internal Revenue Service (IRS) on how you will clear the pending debt....
Tax Law
Do you qualify for innocent spouse relief?
You and your spouse have always filed joint tax returns, but your spouse was the one who took care of the chore. You simply signed where they told you to. It seemed to work out well. Then, perhaps because you were divorcing and were required to dig up all of your...
Will your divorce have an impact when you file your taxes?
You will have to adjust to some pretty big changes as you move on with your independent life after a divorce. Your living situation and budget will probably change. Your daily schedule will likely change too, especially if you have a shared custody arrangement with...
Why file a tax return if you do not have to?
Tax filing season is here, and everywhere you go, you will hear people worrying and complaining as they struggle to get everything ready in time. If you are not required to file a return, you might be inclined to gloat. Yet, by not filing, you could be missing out on...