Capital gains represent the profit earned when an asset is sold for more than its original purchase price. This concept is crucial for investors, homeowners, and anyone involved in the buying and selling of valuable assets. Understanding how capital gains work and their tax implications can help individuals and businesses make informed financial decisions and […]
Article from March 2025
What is an IRS Lien Discharge?
An IRS tax lien can create significant financial burdens for individuals and businesses alike. When a taxpayer fails to pay their federal tax debt, the IRS may place a lien on their property. This secures its interest in the taxpayer’s assets. This lien can make it difficult to sell property, secure loans, or conduct other […]
Do Tax Advocates Really Help?
Dealing with the IRS can be overwhelming, especially for taxpayers facing financial hardship. Tax advocates play a crucial role in ensuring that individuals and businesses receive fair treatment and assistance in resolving tax issues. These professionals act as intermediaries, helping taxpayers manage IRS matters while ensuring compliance with tax laws. Whether dealing with delayed refunds, […]