Posts tagged as #taxes

When people prepare their taxes, they have to be careful not to make mistakes. Some mistakes can be very costly and result in penalties from the IRS.

When gifting, it is important to keep in mind a few key things in order to minimize the amount of taxes you might have to pay. You can gift to individuals rather than organizations and you can give gifts of up to $15,000 per person without having to pay taxes on the gift.

There are a few key things to understand about tax debt and bankruptcy. The first is that tax debt is treated differently than other kinds of debt in bankruptcy. The second is that there are a few different ways to deal with tax debt in bankruptcy, including including the tax debt in your bankruptcy petition, paying off the tax debt in bankruptcy, or negotiating a payment plan with the IRS.