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5 Tips for Tax Avoidance Strategies

5 Tips for Tax Avoidance Strategies

No one can avoid paying taxes entirely — at least not legally. However, there are plenty of tax avoidance strategies that allow you to reduce how much you owe, legitimately. You can even return to some of your prior tax returns to claim refunds, if you find out that...
Taxable Income vs Non-taxable Income

Taxable Income vs Non-taxable Income

Your yearly income is defined as any income that you have accrued during a given year. For most of us, we just think of that as the salary that we receive from work. Although this typically makes up the largest part of our income, it is not the full-story. There are...
How to Release Wage Garnishment

How to Release Wage Garnishment

Wage garnishments are a common legal method of recovering overdue debt. They normally arrive in the form of a court order that instructs an employer to deduct a specific amount from an employee’s earnings for payment of an outstanding debt. In the case of a taxpayer...
Then and Now: US Tax History

Then and Now: US Tax History

Although it may feel as if taxes have always been a fact of life, in early US history, there was no income tax nor other forms of direct taxation. After the Revolutionary War (which began due to taxes imposed by the British), it was inconceivable that the new...
10 IRS Facts You Must Know

10 IRS Facts You Must Know

The IRS goes diligently about its task of collecting every dollar taxpayers owe the government. Taxpayers, for their part may work hard to frustrate its efforts. Over decades, the government has approved laws and regulations that make taxpayer’s lives increasingly...