Rush Tax Resolution 
Whoever said taxes aren’t that complicated? Especially when it comes to income, where the IRS wants to make sure that virtually everything you’ve earned has been accounted for, tax-wise. As such, there are 21 different versions of Form 1099, the form that the IRS requires you to fill out when you’re federally declaring any income …
The IRS Fresh Start Program was initiated in 2011, at the tail-end of the Great Recession fuelled by the subprime mortgage crisis, the collapse of the United States housing bubble, and the resulting global financial crisis. It was an important compromise and overhaul by the IRS designed to help taxpayers resolve their tax issues more …
Imputed income refers to the value assigned to a non-monetary benefit or perk received by an individual, which is then treated as taxable income. In other words, when a company or employer offers a non-traditional benefit – such as a gym membership, or an annual Amazon gift card – the value of that benefit is …
A lien vs. levy? Levy vs. garnishment? Understanding the IRS’ various tax penalties and punishments for late fees can be difficult and disorienting, so let’s try straightening them out. First and foremost: liens and levies (of which a wage garnishment is a levy) are relatively nuclear options from the IRS’ point of view. These are …
Taxes can be a complicated subject, and while it’s expected of the average taxpayer to know and understand every tax they owe, the reality is that taxes are not always at the top of the list for the average person’s daily worries. While there are countless guides and guidelines online and on official pamphlets published …
The money you earn is yours to keep and do with as you please. Right? Well, for the most part, that statement rings true – but when you incur a certain level of debt, and a creditor decides to exercise their power to collect on that debt, you may quickly find the contents of your …