TaxRise

Tax Myth: Retirement is Tax-Free Short answer: retirement is not tax-free. Long answer: retirement can* be tax-free. Read everything you need to know about taxes and retirement by visiting the link! https://www.taxrise.com/tax-myth-retirement-is-tax-free/

Tax Tip Tuesday! The tax extension deadline of October 15, 2020, has come and gone. If you did not file or pay your taxes by the 15th, you are now susceptible to late fees and other penalties. Read our blog if you need to know what to do next. https://www.taxrise.com/missed-the-extension-deadline-what/

#TaxMyth Married couples must file jointly -- FALSE There is no law in place that prohibits married couples from filing their federal income tax returns separately. Read our new blog post to learn why filing jointly is so popular and when it's beneficial to file separately. https://www.taxrise.com/tax-myth-married-couples-must-file/

Kia* has a remarkable story. Click the link to read her full story involving a roller coaster of obstacles, loss, and a #PonziScheme that lead to her taxes being audited. https://www.taxrise.com/case-study-kia/

#TaxTipTuesday The IRS wields tremendous power; they can garnish your wages, place levies on your assets, and even close down your business. It stands to reason that negotiating with the IRS can be a frightening and stressful endeavor. Read our new blog before deciding to negotiate on your own. https://www.taxrise.com/negotiating-with-the-irs-on-your-o/

$23,329 Reduced to $500 for SS Recipient | Sept. 2020 | Diabetes, chronic neck and back pain, and sleep apnea all plagued his day-to-day. Mitchell was unable to make consistent payments on his back taxes, resulting in him being hit with penalties and high interest rates. Read his story by visiting the link: https://www.taxrise.com/case-study-mitchell/

Last week we busted a tax myth concerning Social Security benefits and taxes. Learn more facts about SS and taxes: https://www.taxrise.com/tax-myth-social-security-is-tax-fr/

Tax Myth: Tax Extensions Delay Payments Thinking an extension gives you more time to pay your taxes? Read our new blog post debunking this myth! We shared the actual benefits of a tax extension and discuss the 2020 extension deadline. https://www.taxrise.com/tax-myth-tax-extension-delays-paym/

#TaxTipTuesday To prevent your business from incurring unnecessary penalties, examine your employees' W-2s with a fine-tooth comb. Be sure to take note of the most common W-2 form mistakes. Read more on our blog! https://www.taxrise.com/are-you-filing-your-w-2-properly/

What's better #MondayMotivation than a great #Google #Review ? If they can get their #TaxDebt resolved, you can too! Click the link to pre-qualify for #TaxRelief https://www.taxrise.com/app/v2/basics

#TaxMyth SS is Tax-Free FALSE Social Security is a hot button issue that is sure to escalate immensely with the coming years. One common myth associated with Social Security is that it is tax-free this is only half of the truth. Click the link to learn how #SocialSecurity is taxed and what kind of exemptions you might be eligible for.... https://www.taxrise.com/tax-myth-ss-is-tax-free/

#TaxTipTuesday A large number of America’s working class were laid off or furloughed and had to find a new job due to the pandemic. Having a change in careers will affect the way you do a lot of things, including your taxes. It’s important to understand everything that should be taxed, and what is considered a deductible when you’re transitioning from one job to the next. Read more on our blog: https://www.taxrise.com/how-changing-jobs-affects-your-tax/

Susan* brought her nephew into her home and bought him all the amenities he had been previously lacking such as clothes and furniture. Simultaneously, she had to pay a large sum of money for her own son’s dental surgery. To make matters even more strenuous, Susan injured her back. As a nursing assistant, she was constantly standing, but her injury prevented her from standing for extended periods. It was at this point where Susan realized the extent of her financial trouble.... Read the full story here: https://www.taxrise.com/case-study-susan/ See more