Tax season always seems to come around quickly, but the time waiting for your return can seem excessively long. The IRS aims to get refunds sent within 21 days of an e-filing, and 2 months of a paper filing. Tax returns can be delayed due to backlogs in the system, errors in the form, and…
Are Grants Taxable?
If you can get your hand on a grant it’s a great way to try and help you get your small business off the ground. And while free money might almost sound too good to be true, you’d never turn it down, right? Now, that may sound a little misleading, after all, it’s not all…
Are Moving Expenses Tax Deductible?
Moving home can be a really stressful time, and if you’re starting from scratch it can be a fairly expensive time too. So it’s understandable that you’re looking into seeing whether or not you can deduct the tax from your moving expenses. However, as much as I hate to be the bearer of some bad…
How To Get Tax Transcript
There are many reasons why you may need access to your tax transcript. These can be used to provide lenders with proof of income for mortgages and student loans, or to see the information from a previous filing. If you want to access your tax transcript, it doesn’t have to be a long or difficult…
Can You Go To Jail For Not Filing Taxes?
We all know how quickly time can fly by, and how quickly the year can pass you by, and that is why it is so easy to miss filing your taxes. It is an easy mistake, and it is something that a lot of people have done at some point in their lifetime. However, that…
Are Settlements Taxable?
Going to court can sometimes be a lengthy and stressful process. By the end of this process, you probably don’t want to add any more extra stress to your life. So if you’ve been awarded money as part of a lawsuit settlement, you probably want to know if it’s taxable or not and whether you’ll…
How Many Years Can You File Back Taxes?
Filing taxes is a job that nobody likes to do, but it has to be done every year. The Internal Revenue Service (IRS) doesn’t implement any real time limitations on how long you have to file past taxes. Therefore, you can file any back taxes at any time, and the IRS won’t deny your return….
Is A Car An Asset?
When it comes to finding out whether our items are assets or liabilities, it can be difficult. A few people may get confused about the two, and place a car as an asset, or a liability. But, which is the right answer? Cars are pretty crucial in our current Society, but they are expensive, and…
Are Tips Taxable?
A lot of waiters and servers receive a lot of their income from tips, but are these tips taxable? Doing your taxes is grueling, but it is really important to get it right, otherwise you may be fined, or have money deducted from your next paycheck. Tax season consists of tax forms, accounting, and boring…
Can You File Taxes With No Income?
If you haven’t made any income or very minimal income amounts within the year, you might not have to file any of the related tax forms and paperwork. Now before you jump for joy at evading one of the most confusing and stressful parts of the year, it’s important to keep in mind that just…
