5 Ways A Tax Preparer Helps Couples During Amicable Divorce

Are you getting an amicable divorce? While you may have a number of things to work out right now, one item that should be on your agenda is a consultation with a tax preparer. What can they help you both with? Here are a few key things. 1. Determining How to Split Credits. For parents in particular, the use of tax credits and deductions can mean significant money. The Child Tax Credit, dependent deductions, and education credits all add up, and both parents need to come to an agreement about how they will be split our used from year to year. [Read More]

Have Tax Debt? 4 Things You Can Do To Address The Issue

If you have tax debt, you can't just ignore it. Your tax debt will not disappear, and the last person you want to owe money to is the IRS. However, there are essential steps you need to take to address that debt when it comes to tax debts. #1: Don't Ignore It First, you don't want to ignore the issue. Not paying your tax debt can have serious consequences, as the IRS has the ability to add lots of penalties to what you owe, greatly increasing your debt. [Read More]