You pickup your mail and you have a Form 1099-C, Cancellation of Debt This is good news, right? A debt you owed has been cancelled or forgiven and you don’t have to worry about repaying it. Don’t forget the Internal Revenue Service (IRS)! Depending on the reason you received this Form 1009-C, [...]

Some marriages end in divorce. The fact is, in the United States, divorce occurs in almost 50% of marriages. In some cases, tax problems can occur after a divorce or separation is finalized.
What exactly is Innocent Spouse Relief?
If you previously filed a joint return with your spouse, and you believe [...]

No questions about it, 2010 will go down in history as a year that many IT contractors in the UK will choose to forget. Many contractors are about to be faced with the real possibility of having to pay huge tax bills because they utilised offshore payroll solutions that have been deemed to be illegal. [...]

With the tax laws being so loosely defined and evolving it is simple for people to produce tax mishaps. We are going to look at the top 3 most common tax mistakes people generally put down when preparing their tax forms. You could be guilty of this and do not even know it.
The average person [...]

Are you struggling with filing IRS tax forms? As many of us may have known, finding the right forms alone can be difficult, not to mention that you have to fill them up correctly. The reality is that we do not have much of a choice though. It is an obligation for all of us. [...]