Tax Extensions: Why You Still Need to Pay on Time March 22, 2025
An extension moves the tax return due date, but surprisingly, it doesn’t change the due date for your tax payment. To avoid interest and penalties, you should pay your taxes on time and file the return as soon as possible.
Can You Claim a Tax Credit for Roommates You Support? March 20, 2025
You may be able to claim a credit for other dependents if you pay for the majority of your roommate’s expenses. If you qualify, this deduction can reduce your tax bill, but you must make sure you meet strict criteria before claiming this deduction on your tax return.
Will the IRS Take Your Tax Refund? What You Need to Know March 18, 2025
The IRS can seize your tax refunds if you owe money to the government or delinquent child support.
Tax Avoidance vs. Tax Evasion: Which One Is Illegal? March 12, 2025
Tax avoidance and tax evasion both reduce your tax bill. But tax avoidance involves using legal strategies to reduce how much tax you owe, while tax evasion is a crime punishable by fines and possible jail time. Staying on the right side of the law requires you to understand the distinctions between these two concepts – if in doubt, use TaxCure to find a tax professional to help you.
Fake Trump Tax Forgiveness Robocalls Continue to Circulate February 27, 2025
A few weeks into Trump’s 2nd presidency, I started receiving automated phone calls about a so called new tax forgiveness program under the Trump Adminstration. This isn’t the first time misleading claims about tax forgiveness programs have circulated via robocalls as we reported one a few years ago about the “Biden Tax Forgiveness Plan” or the “Zero Tax” plan. The recent call I received followed the same patten. Below is the transcript of the automated call I answered.
