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Tax Tips
We may specialize in resolving our clients’ tax debts, but not everything on our blog here at StopIRSDebt.com is focused on doom and gloom! On the contrary, we’re always writing about helpful tax tips to help you better manage your taxes and finances in general. Whether you’re looking for a road map to filing your taxes on time or simply hoping to learn more about the tax extension deadline—you name it, and we’ve probably written about it. We believe that knowledge is the key to feeling confident about your taxes. So, read up and get ready to tackle those taxes with ease! You can always chat with our experienced Tax Specialists (Free), by using our live chat feature, located to the bottom right of your screen – or by clicking here.
Category: Tax Tips
May
20
What You Need to Know About 401k Early Distributions and Taxes…Now
The IRS encourages all taxpayers to save for retirement, which is why there are taxes imposed for early withdrawals from your 401k. These taxes also come along to discourage using retirement money for anything other than retirement. Luckily, many exc...
May
11
Healthcare and Taxes: What You Need to Know
Healthcare and taxes is a confusing subject in the United States, and it has been this way ever since Obamacare came into the picture. American taxpayers are obligated to get insured or face a tax penalty — but that’s just scraping the su...
Apr
20
What Triggers the Need to Amend Your Tax Return?
Picture this: You file your taxes early, kick back your feet, relax, and then…a 1099 from an odd job comes in the mail. Do you need to amend your tax return? What if you’ve already had your return approved? We give you the lowdown here. When ...
Apr
12
These Last Minute Tax Tips Will Help You Save
This isn’t your typical list of tax tips for 2017. Whatever your financial circumstances and particular lifestyle, some of these nuggets of wisdom will help you save some green, maximize your refund, and avoid hassle and potential fraud. This is a ...
Apr
05
IRS Study: Live Close to the IRS? Expect an Audit.
Many business owners fear being audited by the IRS, but those that reside close to IRS offices have more rational. In an IRS study conducted by professors from universities in Kansas, Texas, and South Carolina, public companies located near the IRS a...
Mar
06
You Need to Know THIS About Health Insurance
The Affordable Care Act has been debated since its inception, and now Trump’s executive order may have affected how you report your health insurance coverage on your tax return. The executive order gave the Department of Health and Human Services t...
Jan
26
Self Employed? Here’s Your End of the Year Plan
As a self-employed individual, you’re in a special tax situation. Instead of simply receiving a W-2 form, you’ll have significant document collection and several other factors to consider. What’s more, you may have a side gig that qualifies as ...
Jan
12
IRS Payment Plans: Facts to Know Beforehand
Many of those with back taxes know about the payment plans the IRS offers, called installment agreements. This option has saved many from accruing extra interest and getting in deep tax trouble. But before you file that Form 9465, read the tips below...
Jan
05
The 411 on FBAR
Following increased IRS regulation, we’ve kept you in the know about how to report hidden money overseas, which includes using the special form known as FBAR, and still holds true in order to maintain a clean financial record. Hopefully you’ve do...
Dec
29
The Tax Benefits of Owning A Boat
You might’ve stored old faithful now that summer’s come and gone, but owning a boat is just like owning any other property. Therefore, it must be reported when tax season rolls around. Here’s what you need to know for a successful filing, wheth...
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