Tax Season

It's tax season again, what an exciting or scary time of year for everyone has to file taxes. Every year, we all have to figure out what we owe the government for the privelidge of working all year. This is the first year in a long time that I had anything to really file as I haven't worked outside of the house for a long time. If you are not confident enough to file your taxes yourself there are many Tax Relief Specialists that you can use to help you with your tax filing to ensure everything is filled out properly and that you maximize your deductions. There are so many in's and out's when it comes to taxes it's easy enough to make a mistake. Sometimes when you are dealing with a spouse or ex-spouse for example you might get caught up in their filing mistakes when they claim you. If this happens to you, you can qualify for IRS innocent spouse relief as long as you can prove you were unaware of the error and file the appropriate form, it will remove your responsibility of any interest or penelty involved from their mistake. Another common tax mistake comes from small business owners whom are responsible to deposit the collected taxes from their employees and make a 941 payroll deposit every quarter. If they don't make the deposit it is basically considered to be stealing from the government and interest charges start. If it goes unpaid for some time your business and property can be seized to pay the tax debt. It is so important to know what you are doing with you taxes because as the saying goese there is only 2 things certain in life...Death and Taxes.