Understanding how to read a pay stub and putting that knowledge to work is just as important the day you receive your first paycheck as it is the day you retire. Your pay stub contains a lot more information than just the money you can expect to receive that pay period — although that is […]
If you’re in a position where you’re forced to deal with an IRS revenue officer, you’re probably feeling stressed and anxious. These guys mean business, and they’re likely being very aggressive about your outstanding tax liability. However, you still have plenty of options if you keep your cool, remain upfront and honest, and follow their […]
If you’re struggling to pay off tax debt, it may seem like the IRS is completely arbitrary as it determines your repayment options and whether you qualify for any tax relief.
Many people don’t know how to figure out whether they need to withhold federal income taxes from their paychecks. That’s okay — the team of experienced tax representatives at S.H. Block Tax Services is here to help! In this blog article, we’ll talk about how withholding works and explain how you can figure out whether […]
Running a small business can involve a huge amount of work. When you’re dealing with customers and taking care of day-to-day business needs, bookkeeping may not seem like the most pressing issue. But if the IRS decides to audit you and your records are lacking, you can wind up in a bad position. Part of […]
Like most things related to tax debt and back taxes, tax liens are no fun. However, if you have a Maryland tax lien or are worried about one, ignoring the problem won’t help. The good news is that whatever your tax problems, there’s always a way to start addressing them and improving your situation. Often, […]
If you’ve received a letter from the Internal Revenue Service asking for more information to support your tax return, then you have a correspondence audit on your hands. If this sounds like your situation, don’t panic — a correspondence audit can be straightforward and simple as long as you stay organized and understand the process. […]
Most people struggle at one time or another to their pay bills. Often, the payments fall further and further behind, and climbing out from the debt cycle feels hopeless. If you’re in this situation, you may have asked the bank, credit card company, or another creditor to write off or forgive your debt — usually […]
If you have an outstanding tax debt and you’re facing collection actions, you may want to consider a collection due process (CDP) appeal. A CDP appeal offers you an opportunity to pause IRS collections and speak directly with an IRS settlement officer. These officers have significant power and can approve a resolution that normal IRS […]
If you’ve heard about the IRS’ Fresh Start program for tax debt relief, you may be wondering whether you qualify and what options are available to you. Fresh Start is a helpful initiative that makes it easier for some taxpayers to pay their back taxes and avoid bad consequences like liens, levies, and wage garnishments. […]
