Call Now: 833-803-4222
Se Habla Espanol

Blog

avoiding tax evasion

Avoiding Tax Evasion

September 11, 2015  |   Last modified on May 21, 2021

Tax evasion is an illegal activity that can result in criminal charges and substantial tax penalties. Although it is often intentional, even a well-meaning taxpayer may find themselves inadvertently facing charges of tax evasion. What Can Get You Into Trouble With The IRS? Many tax evasion cases start with a tax audit. During the audit, the IRS may find errors or omissions that the taxpayer knowingly committed. If there is a pattern of deceit over several years ...

read more »
revenue officer

What is a Revenue Officer?

September 04, 2015

Revenue officers are employees of the IRS who collect taxes on behalf of the government. They are also responsible for obtaining tax returns not filed by taxpayers who are required to do so. A revenue officer has the power to issue liens and levies to collect back taxes. If you owe back taxes, a revenue officer is assigned to your case to ensure that an effective and timely resolution to your debt is ...

read more »
best 529 plan

How to Choose The Best 529 Plan

September 01, 2015

High fees for higher education are a worry for many parents and students. Average payments made for tuition and other college fees are a whopping $31,000 a year. Scholarships, grants, and tax credits help to lower these costs, but for many parents, the expense is still hard to cover. 529 plans can help parents manage the cost of higher education. 529’s are saving plans that make higher education affordable by providing tax and other advantages.

read more »

Common Mistakes to Avoid Making on Your Tax Return

August 30, 2015

Even when taxpayers are cautious while preparing their returns, errors can still occur. The IRS corrects simple errors, such as miscalculations, without you having to file an amended return. For other errors, such as incorrectly claiming credits and/or deductions, you may need to amend your return and file again. Serious errors such as understatement of income can trigger an IRS audit and may lead to tax debt. To help you out, we've put together a list ...

read more »
tax return preparer

Tips for Choosing a Tax Return Preparer

August 21, 2015

A large number of taxpayers hire a return preparer to prepare and file their tax returns. Most return preparers are legitimate and honest. However, taxpayers can be in danger if they come in contact with fraudulent return preparers. Here are the eight points which will indicate the type of preparer you’re dealing with. 1. Personal Tax Identification Number (PTIN) The IRS has mandated that every paid tax return preparer must have a Personal Tax Identification Number or ...

read more »
education tax credits

Education Tax Credits And Deductions

August 14, 2015

If you are a student, you can cover some of the costs of your education by using education tax credits and deductions. Many of the major tax credits and deductions are designed to help students afford higher education. Here are some of the top education tax credits and deductions. American Opportunity Tax Credit This tax credit helps eligible students cover expenses made to receive higher education for the first four years. The maximum credit is $2,500 per ...

read more »