When it comes to taxation, the IRS categorizes income in various ways, with W-2 income being one of the most common forms. Understanding how the IRS treats W-2 income can help taxpayers avoid costly mistakes and better manage their finances. In this guide, we will break down how W-2 income is calculated, how taxes are The post How Does the IRS Treat Income? W-2 Income Explained appeared first on Guardian Tax Law.

Dealing with tax liabilities can be stressful, but understanding what expenses the IRS considers allowable can help taxpayers manage their finances more effectively. In this third installment of our IRS Allowable Expenses series, we delve into important expenses the IRS recognizes when negotiating tax debt resolutions. The Importance of Staying Current One of the most The post Understanding IRS Allowable Expenses: Part 3 appeared first on Guardian Tax Law.

Navigating IRS allowable expenses can be complex, but understanding them is crucial for anyone dealing with tax debt or financial negotiations with the IRS. These expenses, determined by the IRS Collection Financial Standards, set guidelines for what individuals can claim when calculating their ability to pay back tax liabilities. In this second installment on the The post IRS Allowable Expenses: Part 2 appeared first on Guardian Tax Law.