The tax legislation from late 2017 made many changes to U.S. tax law. This includes changes to the child tax credit. These changes apply to tax year 2018, so they will be a factor next filing season.This tax credit is one that families can typically claim for...
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Month: November 2018
How to know if you qualify for innocent spouse relief
Filing for taxes ranks right up with getting your teeth pulled for many Americans. Often, people pass the task off to someone else. Perhaps you asked your present or former spouse to fill out your tax return. Now you have received a letter stating that you...
Supreme Court decision about online tax may hurt small businesses
The Supreme Court just passed down a ruling allowing states to require online retailers from out-of-state to collect sales taxes on purchases. Previously, states could only ask online sellers to collect sales taxes if that seller was located in the state.According to...
What types of IRS audits could you face?
If you have recently received a letter from the IRS indicating that you have been selected for an audit, it is natural for you to be nervous and stressed. There are several different types of audits, each with different ramifications for your personal or business...