Blog

July 12, 2023

Getting a divorce is a life-changing experience. Both spouses have too much on their plate when going through ending a marriage: splitting property, resolving custody-related issues, and also dividing debts.

June 7, 2023

A dual-status taxpayer is someone who spends a portion of the year residing in the United States and a portion of the year residing in another country. While that person is here in the United States, they will be considered a U.S. person or resident for purposes of taxation. When that person is outside of the U.S., they will be considered a nonresident alien and not subject to U.S. taxes.

May 11, 2023

Receiving any letter from the Internal Revenue Service (IRS) can be a heart-stopping moment for anyone, especially if it is a Notice of Deficiency.

April 19, 2023

According to the Bureau of Labor Statistics, about 16.2 million people are currently self-employed in the United States as of January 2023.

March 27, 2023

The coronavirus (COVID-19) pandemic resulted in many business closedowns and disruptions across the United States. According to statistics, nearly 7.5 million small businesses were at risk of closing down permanently due to the pandemic. However, despite the inconveniences, some businesses still continued to pay their employees. Thankfully, companies that paid their workers or lost revenue as a result of COVID-19 may be eligible to claim tax refunds through the Employee Retention Tax Credit (ERTC).

Feb. 9, 2023

According to the most recent estimates from the U.S. Department of State, there are nearly 9 million U.S. citizens living abroad. Under the law, U.S. citizens or resident aliens living and earning in foreign countries are required to file their U.S. taxes and report their income information annually.

Oct. 10, 2022

Taxes are an inevitable part of adult life. Missing the deadlines or extensions for filing your taxes can cost you a significant amount of money in penalties.

Sept. 30, 2022

According to statistics from the Internal Revenue Service Compliance Activities report, the IRS closed about 738,959 tax returns examinations in the Fiscal Year 2021.

Aug. 31, 2022

According to the Internal Revenue Service (IRS), about 148.3 million taxpayers paid over $1.6 trillion in individual income taxes in 2019. Individuals living and working in the United States have an obligation to file their income tax returns with the IRS upon making a certain amount.

July 13, 2022

If you owe a debt to someone and can’t pay them back, you know how stressful this can be. Being hounded by creditors and debt collectors puts you in a difficult position and you may be wondering about your options. You may consider starting a payment plan, attending debt counseling, or in some cases, filing for bankruptcy.