Understanding Tax Liens: What They Are and How They Can Impact Your Finances

Understanding Tax Liens: What They Are and How They Can Impact Your Finances

Looking to discharge tax liens through bankruptcy? Our article explores the rules and limitations surrounding this process. Learn, can tax liens be wiped out in bankruptcies, the 3-2-240 rule, and the challenges associated with wiping out tax liens in bankruptcy. Discover how tax liens are treated in Chapter 7 and Chapter 13 bankruptcy and gain a better understanding of the priority of tax liens in bankruptcy proceedings.
How Much Am I tax on Dividend Income?

How Much Am I tax on Dividend Income?

Dividend income is a type of investment income that is generated from owning shares of stock in a corporation. When a corporation earns a profit, it may choose to distribute a portion of that profit to its shareholders in the form of dividends. While receiving dividends can be a great way to earn passive income, it's important to understand how much you'll be taxed on this type of income.
2023 Tax Season: Will Your Refund Be Smaller? Tips to Maximize Your Return

2023 Tax Season: Will Your Refund Be Smaller? Tips to Maximize Your Return

As the 2023 tax season approaches, many taxpayers are wondering whether their tax refund will be smaller this year. While it's impossible to predict with certainty how your refund will be affected, there are several factors that could impact the size of your refund. For example, changes in tax laws, your individual financial situation, and the amount you have paid in taxes throughout the year can all affect the size of your refund. It's important to stay informed about any changes in tax laws and take steps to maximize your deductions and credits. Keeping good records, consulting with a tax professional, and filing your taxes on time can all help ensure you receive the maximum refund possible.