tax lounge Blog - Page 11

Due to common mistakes, billions of dollars in refunds are left uncollected from the Internal Revenue Service (IRS) every year. Paying taxes is hard enough, but leaving money behind — money that is ri…

You may claim medical tax deductions for a number of reasons, but few people realize that allergies are one of those reasons. As a qualified medical expense, the costs related to treating allergies ma…

Once tax season is over, it’s easy to ignore anything that has to do with taxes until next year. But instead, you should be proactive so tax season doesn’t sneak up on you. To help you get organized, …

You’ve filed your taxes. Great job! But then you realized you had made a mistake on your return. How do you go about correcting paperwork with the Internal Revenue Service (IRS)? Don’t worry. It’s not…

You’ve finished your tax return, and you owe money to the IRS for your federal taxes. If the amount you owe is more than you can pay all at once, don’t worry — you can set up a payment plan with the I…

Owing money for taxes is tough. It’s even worse when they add insult to injury by making you owe even more in IRS penalties. There are a number of such tax penalties out there, most of which can be av…

Are Uber drivers employees or independent contractors? This question is being debated lately in a number of court cases throughout the country. According to Uber, their drivers are independent contrac…

For a lot of people, getting bonuses at work is a blessing that also comes mixed with confusion. Anyone will agree that getting extra money from your employer is a welcome occurrence. However, the tax…

Did you know that if you don’t agree with a decision made by the Health Insurance Marketplace concerning you and the Affordable Care Act (ACA), you may be able to file an ACA appeal? Here are types of…