April 2023

The fairness of the American tax system is a matter of debate and depends on one’s perspective. Here are some key points to consider: Overall, while the American tax system may be considered progressive, there are concerns about its fairness and effectiveness. To properly address these issues, seek the advice of Matthew Jennings, JD, MBA, […]

The history of American taxes can be traced back to the colonial era when taxes were collected to fund military expeditions, build infrastructure, and finance local government functions. However, the modern American tax system has evolved significantly over the past few centuries. In 1791, the United States government imposed the first federal excise tax on

Owing money to the IRS can be especially stressful for several reasons: Overall, owing money to the IRS can be especially stressful due to the legal consequences, complex tax laws, and social stigma associated with it. If you find yourself in this situation, it’s important to seek the advice of Matthew Jennings, JD, MBA, EA,

There are several myths about the IRS that are often circulated, but they are not true. Here are some common IRS myths: In summary, it’s important to be aware of IRS myths and to seek accurate information to avoid unnecessary stress and confusion.

Private Placement Life Insurance (PPLI) is a specialized type of life insurance that is designed for high-net-worth individuals and provides a tax-efficient way to invest in a variety of assets, including alternative investments such as hedge funds, private equity, and real estate. Here are some tips for making the best of PPLI: By working with

Here are some warning signs that you may be about to experience a tax levy, steps to avoid it, and what to do about it if it does happen: Warning Signs: Steps to Avoid: What to do if you experience a tax levy: By taking prompt action and communicating with the IRS or state tax

The preparation for tax classification changes in 2023 will depend on the specific changes that are made to the tax code. However, here are some general steps individuals can take to prepare for potential tax classification changes: Tax classification changes can have significant impacts on individuals, depending on the specifics of the changes. For example,

Here are some tips on what to do after tax resolution and how to maintain it: Remember, resolving your tax issues is just the first step. Maintaining compliance and staying on top of your tax obligations is key to avoiding future problems.

Tax liens can have a significant negative impact on your credit report. A tax lien is a legal claim against your property or assets by the government for unpaid taxes. When a tax lien is filed, it can appear on your credit report and remain there for up to seven years, even if the lien

A tax relief company is a business that specializes in helping taxpayers resolve tax problems with the IRS. Tax relief companies offer a variety of services, including negotiating with the IRS on behalf of their clients, helping clients understand their tax obligations and rights, and assisting with tax filings and other paperwork. Here is a