Monthly Archives: January 2018

//January

Can I Stop an IRS Wage Garnishment?

When you owe the IRS money, the government has many tools at its disposal to collect that money from you. One of its most powerful tools is wage garnishment, in which the government notifies your employer to send the IRS a portion of your paycheck. If you’re facing wage garnishment, you can stop it in [...]

By | 2018-01-10T21:57:37-04:00 January 27th, 2018|Tax Penalties|Comments Off on Can I Stop an IRS Wage Garnishment?

Can I Defer Payment on My Taxes?

In some situations, it is possible to delay making payment. Taxpayers with student loans know that they can defer making required payments if they show that they don’t have enough money each month. Something similar can happen with the IRS in a process called being declared “Currently Not Collectible.” This isn’t easy, and you’ll need [...]

By | 2018-01-10T21:53:14-04:00 January 16th, 2018|Tax Deductions|Comments Off on Can I Defer Payment on My Taxes?

Types of Charitable Trust

Setting up a charitable trust is a great way to support the charities you are passionate about while also lowering your tax burden. If done properly, you can also provide for your family or other beneficiaries at the same time. In the U.S., there are generally two types of charitable trusts, which you should discuss [...]

By | 2018-01-19T18:58:18-04:00 January 7th, 2018|Tax Credits, Tax Deductions|Comments Off on Types of Charitable Trust