Tag Archives: Taxes

How to File Your Taxes Online for Free

Tax season is finally upon us. If you are getting ready to file your taxes without assistance, then you should be aware of several options that allow you to file for free. You could use the IRS’ Free File program if you have an adjusted gross income of $69,000 or less.   Several years ago, the IRS partnered with multiple businesses who offer free digital filing services for certain people. Depending on whether you qualify, you could use free software that helps you file your taxes. Filing Your Taxes With Free Software You can go to the IRS website to find a list of companies who offer free filing services. Keep in mind, each company has different eligibility requirements. Some of the options require that you make $36,000 a year or less. There could be additional requirements, so be sure to carefully research your options.   You might have several…
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3 Helpful Tips for Filing Your Taxes in 2020

Tax season is quickly approaching, which may not be the most exciting news. We all hope for a quick and painless tax season, and perhaps a substantial refund, this time of year. Fortunately, there are ways of making the filing process easier, and thus more enjoyable. Below we sketch out some top tips for filing taxes in 2020, along with information on how to handle bankruptcy and the IRS. Tips for Filing Your Taxes in 2020 1. Find a free filing service. There are now many free tax filing services available online. The IRS offers their Free File option on their official website. For those who make less than $69,000 a year, Free File offers name brand software for filing federal taxes. Those who make more can find an electronic alternative to the traditional paper tax forms. You can also use Free File to get an automatic six-month extension for…
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Can I Discharge Income Tax Debt in Bankruptcy?

The 2018 tax filing season ended on April 17. For three-fourths of filers, they received a tax refund from the Department of the Treasury. Not everyone is quite so lucky. Some filers received notices from the IRS that they owe taxes. You could face several consequences if you owe the IRS money and are unable to pay. The IRS could garnish your wages to satisfy the tax debts. In addition, they could also place liens on physical properties or levies on bank accounts. You can discharge many debts by filing for bankruptcy. It is more difficult to discharge tax debts. The good news is that is not impossible. You may be able to discharge tax debts in bankruptcy if you meet all of the following criteria. You have income tax debt. Only income tax debts are dischargeable. You cannot discharge other types of taxes in bankruptcy. The taxes are at…
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