Reduce Your Tax Liability With Tax Credits

Reduce Your Tax Liability With Tax Credits

There are two ways to decrease your tax liability. The first way is to increase your tax deductions and the second, is to pay attention to tax credits.   What are Tax Credits?   Tax credits are credits provided by your state or local government to reduce the...
Can’t Afford To Pay Your Federal Income Taxes This Year? You May Be Eligible for an Offer in Compromise from the IRS

Can’t Afford To Pay Your Federal Income Taxes This Year? You May Be Eligible for an Offer in Compromise from the IRS

An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service (IRS) to settle a taxpayer’s tax liabilities for less than the total amount owed. The taxpayers who can fully pay the liabilities through an installment agreement or...