irs tax relief programs

  • Rules for Saving Using a 401k

    A 401k is a popular type of retirement savings account. The 401 in the title refers to the IRS document that regulates the rules and limits. These plans work like this. Your employer offers a retirement saving fund that you sign up to participate in. Once you join the...
  • What Are Roth IRA Plans?

    A Roth IRA (Individual Retirement Arrangement) is a special retirement plan established under the US law, whereby you pay taxes on the money going into your account and then all future withdrawals are tax-free. It was established by Taxpayers Relief Act of 1997 and it was sponsored by Senator...
  • Definition of Roth IRA Plans

    Sponsored by Senator William Roth and established by the Taxpayer Relief Act of 1997, the Roth IRA has become one of the most popular individual retirement plans. Taxes are one of the biggest impediments to retirement investing, particularly at the beginning of a person’s career path. Since a great...
  • What You Need to File Your Taxes When Self-Employed

    The freedom of working from home may be tempting, especially if you work well individually and don’t enjoy the bustle of corporate life. It should be noted that self-employed people are not exempt from federal and state taxes; they must pay their share of taxes just like traditional office...
  • 5 Times You Will Definitely Need a Tax Lawyer

    We all like to hope that we won’t need an attorney, but we also like to have that one “lawyer friend” just in case. If you find yourself in any of these situations, you’ll want to go ahead and call him up. Trust us. 1. When You’ve Gone Bankrupt...
  • Understanding IRS Tax Debt Relief

    Tax time is often a stress-filled time of the year for many, particularly taxpayers who have to pay money into the government. Many taxpayers turn to tax relief services for a helping hand. Are they legitimate or just a scam? Learn more about tax relief services, how to spot...
  • 5 Most Commonly Forgotten Tax Deductions You Shouldn’t Miss

    Taxes and death are a major fact of life and so is overlooking claimed deductions on one’s tax returns. The accountants that are overwhelmed with numerous tax questions or returns at such a period in the year all say a similar thing: Most people are not getting what is...
  • What is a Tax Lawyer?

    A tax attorney is a lawyer that deals specifically with tax law. They can help you with simple tax questions or complicated legal issues relating to your taxes. How Do They Become Tax Attorneys? Like other lawyers, tax attorneys go to college and have to pass the bar exam...
  • Should you Apply for a 401k or an IRA Savings Account?

    When it comes to saving for retirement, you want to make the best decisions possible. The worst possible scenario is to end up needing more money after you’ve already retired. Should you take advantage of your 401k or should you invest in an IRA? To better understand these terms,...
  • Why Should You Get A 401k Loan?

    When seeking sources of credit funding, various factors must be considered. Comparisons must also be made among the different options available. One of the options overlooked by most people is taking a loan from their 401k plan. Two of the most common reasons loans from 401k plans aren’t taken...
  • Where you Can Find Tax Relief Services

    Tax relief services can be a great boon to individuals who have got trouble with their taxes. This service offers great assistance especially to taxpayers who have due taxes with the Revenue Authority or the IRS (Internal Revenue Service) of their respective countries. These services are usually provided usually...
  • What Can You Do if You Can’t Pay Your Taxes?

    “As sure as death and taxes,” so the old adage goes. Paying taxes isn’t easy, but the alternative – being in the IRS’ bad books – is no walk in the park either. So what should you do when you find yourself in a situation where you are genuinely...
  • What is 401k Rollover?

    Nowadays nearly ninety percent of employers with an employer-sponsored retirement plan have a 401k-style plan. With pensions a thing of the past, 401k plans are often the only source of retirement savings for many people, and today they are also often the first retirement plan that people are familiar...