There are many ways for individual taxpayers to fall behind on their tax obligations. Perhaps someone recently shifted to a self-employed profession and failed to set aside money to cover their tax obligations. Maybe they over-reported their deductions and credits to...
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Can a joint tax return lead to tax charges for both spouses?
When people get married, they usually combine their finances. They begin living together and may use one checking account for all major household expenses. It is common for one spouse to manage most of the financial matters for the family. Allowing one individual to...
Tax mitigation vs. tax evasion: Essential business knowledge
Nobody wants to pay more taxes than they must, and every dollar your company keeps out of the government’s coffers is a dollar you can put back into your business. That makes it only natural to explore strategies to reduce your company’s tax liability. However,...