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Oct
08
How We Helped Clients Overcome IRS Challenges and Avoid Hidden Costs
At StopIRSDebt.com, we specialize in transforming daunting tax challenges into success stories. Many of our clients arrive overwhelmed by IRS debt, not knowing where to start. With our expertise, we h...
latest posts
May
25
Tips for Owners of a Home Based Business
In the internet age, you can easily operate your business from home, whether it be as a freelance app designer or financial consultant, and many do – about 53% of all small businesses are home based. However, only a small amount of those busine...
May
13
Medical Expenses: Which are Tax Deductible?
As Americans, we spend about $8,000 per year on health care – about 2 and half times more than other developed countries. Is any of that deductible, you ask? An extensive list of expenses are, but there’s a catch. Medical expenses are only de...
May
05
What is the Difference? Standard vs. Itemized
Standard vs. itemized. It may not be entirely clear what the actual difference is between the two deductions, and which you should apply to your tax filing. In short, the best deduction to take is the one that reduces your taxable income the most, eq...
Apr
21
Need to File a Tax Return Extension? Quick Tips to Get Organized
You got an extra day to file your taxes this year, but perhaps you haven’t gathered all of your business expense receipts or accounted for your deductions. Luckily, the IRS offers an extension. If successfully filed, you will have until October 17,...
Apr
07
The First 3 Steps for Removing a Bank Levy
When a bank levy hits, it triggers a whirlwind of questions, most frantically: how do I end and remove it? Once a bank levy is placed on your account, there isn’t anything you can do to forego payment of your debts, but you do have options for fina...
Mar
07
Tax Changes for 2016
Always prepare for filing changes one year ahead. That means getting educated on what’s to come and keeping tabs on documents, so you know how your tax refund may be affected. Each year, lawmakers tweak the terms for filing your taxes, but aren’t...
Feb
03
List of Important Tax Dates to Know
Employ that Google Calendar to its maximum potential – there are several essential tax dates to know, primarily to ensure you make the deadlines, and also to speed up the tax return process, all while preparing for next year. Read below careful...
Dec
30
Revenue Officers: The 411
If you’ve reached the point in back tax liability where your assets are at risk, you will likely deal with a Revenue Officer (RO), the most senior collection agent of the IRS and an individual notoriously difficult to deal with. The IRS appoints an...
Nov
23
5 Tax Credits You Should Know About
You know about the many deductions you can take, but are you taking advantage of the tax credits available? Tax credits often apply to small populations of individuals, but can be more valuable than deductions, often amounting to thousands. These cre...
Oct
23
Have Money Overseas? Here’s How to Report It
Offshore tax evasion is a serious offense and the IRS has taken measures to prevent it; Switzerland is generally closed off, and the organization has teamed with the UK and Australia to further discourage hiding money abroad. If you have money overse...
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