Filing your taxes can be stressful. Filing at the last minute can only add to the stress. As April 15th looms closer, the annual flurry of last-minute tax filers begins. Whether due to procrastination or complexity, many individuals find themselves scrambling to organize their finances and complete their tax returns before the deadline. If you […]
Articles by Elyssa Carlos
What If I Can’t Pay My Taxes?
Every year, millions of individuals and businesses face the intimidating task of paying their taxes. However, there are instances where meeting this financial obligation becomes challenging or even impossible. There are times when you might’ve asked yourself, “What if I can’t pay my taxes?” Whether due to unexpected expenses, changes in income, or other unforeseen […]
Ask Phil: Tips To Avoid Levies & Liens
Today, Phil gives his top tips on how to avoid IRS levies and liens. Tip #1: Don’t Owe the IRS Avoiding owing the IRS begins with responsible financial management and proactive tax planning. First, maintain accurate records of all income and expenses throughout the year, ensuring you’re well-informed about your financial standing. Next, regularly review […]
Can I Claim an Energy Tax Credit?
Amid growing concerns over climate change, the promotion of sustainable energy practices has become paramount. Governments worldwide are increasingly turning to policy measures to incentivize individuals and businesses to adopt renewable energy sources and reduce their carbon footprint. Among these measures, energy tax credits have emerged as a powerful tool to encourage investment in clean […]
Tax Guide for Clergy Members
Tax season can be a stressful time for many individuals, but for clergy members, it often comes with its own set of unique challenges and considerations. Whether you’re a minister, priest, rabbi, imam, or any other religious leader, understanding the intricacies of tax laws can help you maximize your deductions and ensure compliance with the […]