Incentive Insider

Claiming someone as a dependent on your taxes generally allows a benefit to the person providing the support. When most people think of a dependent, they think of a minor child that a parent is raising and supporting.

When the IRS needs to collect on a past-due debt, it has two primary tools in its kit, the lien, and the levy. Both are useful, but each serves a different purpose and has other consequences for the taxpayer.

For most people, picking a filing status at tax time is a simple task. You can choose from five statuses, most of which, at least on their surface, are easy to understand.

Introduction to Installment Agreements Installment agreements can be an excellent tool for you if you owe more than you can pay right now. There are several types of installment agreements, and each one has its requirements and offers different benefits.