Tax time is right around the corner and this is about the time that a lot of myths get thrown about online and offline. If you want to stay out of trouble with the IRS and get your tax situation done correctly take a look at some of the most common but nonetheless untrue tax myths out there:

1. Money earned online is tax-free. Whether you earn money online or offline, all revenue is taxable by the IRS and must be reported to the IRS on your income tax filing. One of the biggest victims of this tax myth are entrepreneurs who finding more of their business online than before. Do yourself a favor and take the time to carefully document and report all revenue earned online and offline to the IRS at tax time.

Chapter 7 bankruptcy is very beneficial to most debtors; but there are circumstances where a Chapter 13 bankruptcy may be even more beneficial.  Below are three financial problems that Chapter 13 bankruptcy can help solve:

Tax issues.  Do you owe a large amount of state and federal taxes?  While some older taxes may be dischargeable in [...]

Filing for bankruptcy can buy a delinquent taxpayer time to either obtain a discharge or reorganization of tax liabilities.