A Virginia woman recently plead guilty to defrauding the federal government’s child tax credit program to the tune of more than $7.2 million. The woman admitted to filing more than 1700 false tax returns […]
One of the biggest concerns debtors have when filing a personal bankruptcy is how it will impact their credit score. Contrary to what most people believe, it does not destroy your credit forever. Once […]
If you are considering filing a Chapter 13 bankruptcy, you must have a regular source of income. You can establish a repayment plan that allows you to reorganize your finances and outline how you […]
Although many people file bankruptcy each year, most do not want others to know about it. If worrying about other people finding about your filing is preventing you from obtaining the debt relief you […]
The IRS is required by law to keep taxpayer information confidential…right. But somehow, when the White House asks for that confidential information, the law no longer matters. And how big a deal is it […]
Tax credits offer a dollar-to-dollar reduction in the amount of taxes you may owe, or increase the amount of refund you may receive. This makes them much more popular than a tax deduction, which […]
Unfortunately, every year, a growing number of Americans experience identity theft first hand. Most instances involve the misuse of an existing credit card or bank account, but return fraud is one of the biggest […]
Maybe you didn’t file last year’s tax return because you didn’t have the ability to pay your tax bill, or you couldn’t find all your receipts. Now you feel like you’ve painted yourself into […]
Saver’s credit, officially known as retirement savings contributions credit, is a great way to save money and save on your taxes. Saver’s credit is an incentive to low and moderate-income taxpayers to make retirement […]
Year-end is approaching and now’s a great time to take a few fine-tuning steps to improve your tax situation. But be careful – many end-of-year tax planning “tips” really amount to giving away your […]