Do you often procrastinate until the last minute? If so, you likely already know how that trait can wreak havoc on your life. Unfortunately, procrastination is the reality for about a third of Americans who wait until the last week before Tax Day to compile and file their taxes. Filing your taxes before the next deadline can …
Do you prepare and file your taxes? If not, you’re in good company. Recent estimates show that about 56% of Americans have someone else prepare their taxes; only about one in three adults file their own. If you’re among the majority, then you likely prefer the expertise of a tax professional. These experts not only ensure …
More than half (56%) of Americans own cryptocurrency or have owned it in the past. What’s more, recent surveys suggest that about 46.5 million more Americans will join in on the trend during the next year due to incoming stock market changes and instability. If you’re currently trading in cryptocurrencies or have in the …
Recent statistics indicate that by 2020, a whopping 78% of brands had already implemented or planned to use AI to serve customers better. One way that businesses are using AI is through over-the-phone customer service. That’s why an AI robot answers the phone for so many companies. Sometimes that AI is convenient and helpful…sometimes it’s …
In 2021, about 2.4 million Americans established new payment plans with the IRS because they could not afford their entire tax debt bill right away. Compared to 2020, that number is a 29% increase! There are many reasons why more Americans are struggling to pay their tax debt, and one of them is the extremely …
Continue reading “How to Complete an IRS Form 433-D Installment Agreement”
Did you know that over 3.3 million Americans were delinquent on child support payments in mid-2020? Since the economy has been in a nosedive since then, it’s safe to say that even more Americans have fallen behind. While getting behind on your obligations isn’t the worst offense, it can come with consequences. Receiving a Tax …
The pandemic may have brought about hardship for many, but it also provided a space for some to realize their dreams. A record-setting 4.4 million new businesses opened their doors during the height of the crisis in 2020—if you were one of those amazing entrepreneurs, then congratulations on making your dreams come true! Owning a business …
Continue reading “Everything You Need to Know About Form 941”
The IRS has been under a lot of strain since the pandemic. Not only has the agency been tasked with keeping up with every citizen’s tax return situation, but they’ve handled each and every stimulus payment. The IRS isn’t the only one suffering, though. 2021 has been labeled the most challenging year for taxpayers. That’s …
Did you miss out on the special COVID-19 tax-deductible donations credit in 2021? Thanks to the CARES Act, Americans could deduct a whopping $300 for cash contributions they made to qualifying public charities in 2020. The bad news is that that special credit won’t be available for 2022 and beyond unless Congress decides to extend …
Continue reading “How to Claim Charitable Donation Deductions”
Each year, auto dealerships sell about 17 million new cars, and homeowners sell about 6-7 million homes. Are you currently hoping to join those statistics by making a big-ticket purchase? If so, then you’ll need to verify your income, especially if you’re hoping to secure a good loan or mortgage rate. One of the best …
