Benjamin Franklin once famously said, "In this world, nothing can be said to be certain, except death and taxes." You might assume that by no longer living in the U.S. you’ve defied the tax half of this statement. That even if you have not yet cracked the secret to everlasting life, by skipping the country, […]
Here's What to Do If You Get Audited
We often exaggerate the phrase, "My worst nightmare," but when it comes to getting audited, it’s true. Audits are many people’s worst nightmare — but they don’t automatically have to mean financial disaster. To help navigate the unwelcome process, consider these important steps to take as suggested by tax professionals. 1. Don’t panic A lot […]
5 Creative Ways to Relieve Stress During Tax Season
Tax season is upon us, which means millions of Americans will be stressing out about filing their IRS forms correctly and whether they will receive a refund this year. But just because getting ready for Tax Day can be emotionally taxing (see what I did there?) doesn’t mean it has to be. In fact, you […]
What You Need to Know About Canceled Debt and Taxes
Imagine having years of punishing credit card debt canceled and gaining the clean slate you’ve always wanted. Then, out of nowhere, you receive a form in the mail that says you actually owe money for having that debt wiped away. That situation happens all the time to consumers who have had part or all of […]