I recently asked readers to tell me why you hate taxes. Now that the tax deadline is almost here, if your taxes aren’t done and you are pulling your hair out, you can probably relate to some of the “I hate tax” reasons! For the rest of you, who have already filed, I’m sure you’re [...]
All year long, we discuss various retirement planning topics that will have an impact on your taxes. Of course, once tax time rolls around, it’s easy to forget why we did something the way we did, or what we were trying to achieve. Let’s walk through the various retirement tax tips from last year and [...]
There are certain dates that every American knows by heart: Christmas is on December 25, Valentine’s Day is on February 14, and April 15 is when your taxes are normally due. (Except this year when, the tax deadline is extended until April 18.) But what if you cannot meet the tax deadline? Now that the [...]
What happens if there is a government shutdown at the same time you file your tax return? It’s something we might find out this weekend, since there is a possibility of a government shutdown Friday night. Right now, as the possibilities of another tax filing delay are on the horizon, it’s hard to tell what [...]
Are you aware that if you owe money to the IRS they can garnish your wages? What a scary prospect. Of course the IRS can do a lot more than garnish your wages; under Internal Revenue Code section 6331, the IRS can levy upon wages, bank accounts, social security payments, accounts receivables, insurance proceeds, real [...]
