by Levins Tax | Mar 10, 2022 | Uncategorized
Paying taxes on time can be challenging. For some, there are situations when they are unable to pay them at all. Financial difficulties or emergencies occur in people’s lives, which can result in postponing timely tax payments. Taxpayers are sometimes unprepared for...
by Levins Tax | Mar 7, 2022 | Uncategorized
The IRS has made it mandatory for all U.S. citizens and Green Card holders to file their tax returns annually. You can file your taxes yourself using tax preparation services such as H&R Block or Liberty Tax. In essence, tax preparation services help people with...
by Levins Tax | Mar 6, 2022 | Uncategorized
Corporations are entitled to deductions that will be subtracted from the total gross revenue of the business. The total is the corporation’s taxable net income. For corporations in Massachusetts, some taxes are deductible under the Federal Internal Revenue Code but...
by Levins Tax | Mar 4, 2022 | Uncategorized
If you fall behind on your taxes, you may be subjected to a tax lien from the IRS, which, essentially, is a legal claim on your property. A tax lien, while no longer appearing on credit reports, still appears to creditors. That means a lien could prevent you from...
by Levins Tax | Mar 4, 2022 | Uncategorized
From time to time, when the IRS detects there might be something off about your tax filings, they might perform an audit or a review of your finances and the information provided to ensure you’re following tax laws. During tax season, when attempting to maximize...
by Levins Tax | Feb 28, 2022 | Uncategorized
The vast majority of tax troubles start with errors. If the Internal Revenue Service uncovers information that doesn’t validate claimed credits or deductions, taxpayers can find themselves in a bit of trouble. However, these errors don’t necessarily lead to tax...
