Uncle Sam has a series of collection methods in its arsenal, and two of the most common and aggressive tools are tax lien and levy. Sadly, Uncle Sam is far from being gentle with any...
Posted by Carmen Garcia on 06/06/2021
The wage garnishment on a federal student loan occurs when the employer deducts part of the payment to repay the student loan after non-payment. Please note that under the Covid-19...
Posted by Carmen Garcia on 05/19/2021
According to the IRS, tax rates will depend on the taxpayer's source of income. Your income from the sale of stocks, for example, will generally be taxed at a lower rate than your...
Posted by Carmen Garcia on 04/30/2021
According to the Christian faith, Jesus responded to a question when asked if it was right to pay taxes by saying, "Give to Caesar what belongs to Caesar, and God what belongs...
Posted by Carmen Garcia on 04/27/2021
If you owe a debt to a lender, such as a loan, hospital bill, or credit card, you can't automatically garnish your wages. Instead, the creditor needs to sue you first and get a...
Posted by Flynn Financial Group Inc on 04/16/2021
Saving for retirement can be a challenge, and if you're falling behind, you're not alone. In 2020, the average 401(k) account balance was around $25,000, according to a Vanguard...
Posted by Karen Munoz, EA on 04/06/2021
A flexible spending account, or FSA, is a pre-tax expense account that many employers offer for employees' benefit. These bills allow you to pay necessary expenses without paying...
Posted by Flynn Financial Group Inc on 04/06/2021
The IRS assesses penalties and interest on the employer's account when they fail to collect, report, and remit payroll taxes. You may be personally liable for failure to withhold...
Posted by Carmen Garcia on 03/31/2021
A lot of people worry that if they get a raise, they will have to pay a higher tax, leaving them in a terrible financial situation. However, it is wrong and a misconception of the...
Posted by Karen Munoz, EA on 03/31/2021
