Tax News You Can Use

Feb 125 min read

Are Gambling Winnings Taxable?

Here is something you can bet on and win every time. The Internal Revenue Service (IRS) wants you to report and pay taxes on all your...

How Does The Child Tax Credit Expansion Work? Questions About the 2021 Child Tax Credit Answered

Timalyn S. Bowens

May 25, 20218 min read

How Does The Child Tax Credit Expansion Work? Questions About the 2021 Child Tax Credit Answered

The American Rescue Plan Act signed on March 11th not only provided the 3rd stimulus checks of $1,400 it also expanded the child tax...

Which Parent Should Claim Child(ren) on Taxes After a Divorce or Separation? (What the IRS Says)

Timalyn S. Bowens

Feb 21, 20214 min read

Which Parent Should Claim Child(ren) on Taxes After a Divorce or Separation? (What the IRS Says)

The United States has the world’s highest rate of children living in single-parent households according to a recent Pew Research Center...

Timalyn S. Bowens

Feb 12, 20213 min read

CARES Act Charitable Contributions

The United States saw a 3.4% drop in giving from individuals in 2018 following the Tax Cuts and Job Act (TCJA) of 2017 according to the...

Self Employed Sick and Family Leave Credits (Explained)

Timalyn S. Bowens

Feb 7, 20215 min read

Self Employed Sick and Family Leave Credits (Explained)

2020 was the year of all people being tax people. There was and continues to be a lot of misinformation about taxes going around on the...

Three Things to Consider When Choosing A Tax Professional So You Don’t End Up With Tax Trouble

Timalyn S. Bowens

Jan 30, 20215 min read

Three Things to Consider When Choosing A Tax Professional So You Don’t End Up With Tax Trouble

Tax time is here! Covid-19 has brought about a lot of tax changes due to the different relief actions that the Government provided during...

3 Steps Taxpayers Should Take to Prepare for Tax Season and Avoid Tax Problems

Timalyn S. Bowens

Jan 23, 20215 min read

3 Steps Taxpayers Should Take to Prepare for Tax Season and Avoid Tax Problems

Let's be honest: taxes are a topic that most people hate to think about, especially if they end up owing money in back taxes every year....

How to Fill Out a W-4 Properly and Avoid Owing the IRS

Timalyn S. Bowens

Jan 15, 20218 min read

How to Fill Out a W-4 Properly and Avoid Owing the IRS

I've noticed in my time of being a tax professional, even before I became an EA, that one reason that people owe the IRS is because they...

See How To Qualify For An OIC With The IRS Fresh Start Program Before You Sell Your Soul To The IRS

Timalyn S. Bowens

Jan 1, 20215 min read

See How To Qualify For An OIC With The IRS Fresh Start Program Before You Sell Your Soul To The IRS

Debt SUCKS! It controls your life and wears you down. When you owe the IRS they control your life. They tell you what you will pay them...

The 2020 Presidential Election Results and Your Taxes

Timalyn S. Bowens

Nov 7, 20204 min read

The 2020 Presidential Election Results and Your Taxes

We have seen the 2020 Presidential Election in the news consistently for months! Americans chose sides based on their ethical beliefs....

7 Deadly Sins That Give the IRS More Time to Collect From You

Timalyn S. Bowens

Oct 31, 20203 min read

7 Deadly Sins That Give the IRS More Time to Collect From You

I've noticed on my social media timelines that people have been making statements such as "the IRS only has 10 years to collect taxes...

Avoid These 5 Common Tax Filing Mistakes That Can Get You In Tax Trouble

Timalyn S. Bowens

Oct 2, 20204 min read

Avoid These 5 Common Tax Filing Mistakes That Can Get You In Tax Trouble

Whether you file the simple 1040 or a complex 1040 with a raft of schedules, making a mistake on your return could lead to big tax...

Timalyn S. Bowens

Sep 23, 20203 min read

Can You Cut a Deal with the IRS?

2020 has been a financially devastating year for many hard working Americans. Some of us have been faced with problems like losing...

President Trump's Payroll Tax Memorandum : What it Means

Timalyn S. Bowens

Sep 2, 20205 min read

President Trump's Payroll Tax Memorandum : What it Means

***When this article was initially published the calculated savings included Medicare tax too. That has since been edited to reflect on...

Self-Employed Tax Forms: How to Store Them, How to File Them, and How to Reduce Your Tax Liability

Timalyn S. Bowens

Aug 13, 20205 min read

Self-Employed Tax Forms: How to Store Them, How to File Them, and How to Reduce Your Tax Liability

Working from home can be a dream come true, especially if you also work for yourself. Opportunities for freelancers, gig workers and...

Bowens Tax Solutions - A Tax Relief Firm

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