Can I pay my federal taxes with a credit card?

Manisha Hansraj

Sep 10, 2018

Can I pay my federal taxes with a credit card?

The IRS can’t directly accept credit card payments due to tax laws. However, they can accept payments through a third-party processor. For example, online tax preparation companies are third-party processors since they are designated by a merchant to handle transactions for merchant acquiring banks. They can then assist you in making your credit card payment […]

admin

May 23, 2017

New Tax Plan: Trump’s Six Big Changes

Is Trump’s new tax plan making filing simpler, or is it really just a helping hand for the wealthy? We’re reminded daily of the new guy in town…or office. Whether that reminder comes from seeing his face on a t-shirt or a protester’s sign outside your office window is a different story. Let’s put the […]

Obamacare VS. Trumpcare: 3 Ways Taxes Will Be Affected

admin

Apr 14, 2017

Obamacare VS. Trumpcare: 3 Ways Taxes Will Be Affected

Obamacare made it through the election. Will it stay on your tax return? Every new president brings on a new aura for Americans to bask in, and while emotions run high, opinions begin to surface. Suddenly, cheerful holiday dinners turn into political debates. Some chime in while the rest of us are just trying to decide between […]

Michelle O'Brien

Nov 15, 2016

1099-C Defined: Handling Past Due Debt

So you’ve accrued a bit of debt. It’s not the end of the world. Debt is stressful, overbearing and can build up quickly. When this happens, you may need to eliminate it altogether. In a situation when you need to cancel your debt completely, you would contact your creditor and they’d issue you form 1099-C, as […]

admin

Oct 18, 2016

What Are Allowances on a W-4?

You must pay tax to the IRS but your W-4 form lets you decide when to pay it. When beginning a new job, you may remember your employer handing over a W-4 form (along with the pile of other paperwork) to fill out. Your W-4 form determines how much tax is withheld from your income […]

Michelle O'Brien

Apr 5, 2016

Do Back Taxes Affect Your Credit Score?

Credit and taxes are both pretty high up there on the adult responsibility ladder. Putting them together kinda makes you want to hide under a rock. Don’t worry. You don’t need to know everything about credit (or taxes) in order to start taking steps in the right direction. You’ll learn what you need to along […]

Michelle O'Brien

Jan 13, 2016

How to Complete a W-4 if You’re Married

Tie the knot in your life and also on your taxes. The honeymoon is over and it’s back to reality. With such a huge change in your life, it’s important to pay attention to how it will affect your taxes. Once the wedding bells in your head subside, update your W-4 form with your employer. […]

Michelle O'Brien

Nov 13, 2015

How to File your First Tax Return

Filing your first tax return is a bit like doing your laundry. You don’t want to do it. You’d prefer someone just did it for you. But if you don’t do it, you know there will be consequences. Unlike laundry, you’ll need to do a bit more sorting, as in sorting through of all those […]

Reporting Dependent Income on My Tax Return

admin

Oct 28, 2015

Reporting Dependent Income on My Tax Return

Have you been claiming your kid as a dependent since they were in Pampers? If yes, read on… Now your child just got their first job and is earning an income. Great news: you won’t have to pay them a weekly allowance for the sub-par chores they keep complaining about anymore. Not-so-good news: they’ve entered into the […]

admin

Oct 21, 2015

I’m Divorced: How Do I File My Taxes?

Filing your taxes should not be hard after you divorce. Going through a divorce can be emotionally draining and a financial burden. The good news is that filing your taxes doesn’t have to be. Preparing your tax return is the very last thought on your mind right now. We’re here to help! You can prepare your tax […]

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