Category:
Tax

Are Credit Card Fees Tax-Deductible?

By Pat McManamon | January 9, 2026

Credit card fees and interest are not tax deductible for the every day person. These costs come with using credit cards. However, businesses can deduct credit card charges, annual fees,…

Everything You Need to Know About Tax Settlement Firms

By Michael Knisley | November 19, 2025

When you’ve come face to face with an IRS bill you just can’t pay, one tempting place to look for help is a tax settlement firm. Rather than interact with…

IRS Job Cuts: Do You Still Have to Pay Your Taxes?

By Sarah Brady | March 19, 2025

It’s tax season, but you wouldn’t know that by the tone of recent headlines about the IRS. So far this year, more than 12,000 IRS employees have been laid off…

IRS Statute of Limitations: What You Need To Know

By Michael Knisley | September 25, 2024

What scares you? Heights? Spiders? The dentist? Things that go bump in the night? How ‘bout the Internal Revenue Service? Do you dread Tax Day? Or worse, do you live…

How To Pay Off IRS Debt Fast

By Robert Shaw | March 14, 2024

For many Americans, the famous Shakespeare warning to beware the Ides of March better applies to the middle of April when tax season is upon us. Every year more people…

When To Hire a Tax Attorney

By Robert Shaw | March 13, 2024

A possible reason why scientists insist the human brain is the most complex thing in the universe is that they haven’t closely studied the U.S. tax code. In the 40…

IRS Currently Not Collectible: What If You Can’t Pay the IRS?

By Maureen Milliken | March 13, 2024

If you are living paycheck to paycheck, or have more debt than you can pay, one of the consequences may be a tax bill that you can’t afford. If you…

If You Owe Taxes Can You Buy a House?

By Phil Sheridan | February 7, 2024

Larry and Loretta tried to do everything right. They saved money so they would have a down payment for buying a house. They tried to live within their means and…

What Is a Penalty Abatement Request?

By Sarah Brady | December 13, 2023

Taxes are an unavoidable fact of life, but the IRS is surprisingly flexible when it comes to some debts. If you owe a fee for filing your taxes late or…

How Long Does an IRS Audit Take?

By Sarah Brady | November 17, 2023

Does the thought of being audited make you want to hide under a rock? According to the IRS, audits are a major source of “concern, confusion and controversy” for taxpayers.…