Top Tax Defenders

Recent Posts

Your Guide to Deducting Pregnancy Medical Expenses

By Top Tax Staff

Editor’s Note: This post was originally published in January 2014 and has been updated for accuracy and comprehensiveness.

Having a baby is an exciting life event, but it also comes with significant expenses—many of which start during pregnancy. The good news is that certain pregnancy-related medical costs may be tax-deductible, helping you ease the financial burden. However, not all expenses qualify. Understanding which maternity costs you can and can’t deduct will help you keep better records and maximize your potential tax savings.

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Will Changing Jobs Stop a Wage Garnishment? How to Escape Wage Garnishment

By Top Tax Staff

At any given time, about 1% of US workers are probably experiencing a wage garnishment. Wage garnishment can feel like a heavy weight on your shoulders, especially if you're trying to regain financial stability. Many people wonder if switching jobs will put an end to their wage garnishment or if there are other ways to stop it. Let’s break it down into simple terms so you can understand your options and take action.

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Why Strategic Tax Planning is Essential as the Year Ends

By Top Tax Staff

As the calendar winds down and the holiday season approaches, it's the perfect time to reflect on your financial health. Tax planning is a vital part of securing your financial future, and strategic tax planning can unlock significant benefits. Whether you're an individual taxpayer or a business owner, taking the right steps now can lead to substantial savings and peace of mind.

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4 Types of IRS Tax Levies and What You Need to Know About Each One

By Top Tax Staff

If you’re dealing with tax issues, you may have heard the term “tax levy” mentioned as one of the possible actions the IRS can take to collect unpaid taxes. But what exactly is a tax levy, and what types should you be aware of? Let’s walk through the basics so you’ll know what to expect and, more importantly, how to protect yourself.

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11 IRS Wage Garnishment Myths

By Top Tax Staff

Editor’s Note: This post was originally published in February 2012 and has been updated for accuracy and comprehensiveness.

If you're facing an IRS wage garnishment, you're not alone. A recent study by Northwestern and MIT estimates that 1% of workers, or 1 in 100, may be experiencing a wage garnishment during any given pay period. It's important for you to understand what is true and what is false about wage garnishments so that you can take whatever steps are necessary to stop wage garnishments. If you know the truth, you are one step closer to being able to stop IRS wage garnishments. Here are 11 common myths...

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Kids Off to College? Tax Benefits You Can Gain From Your College Student

By Top Tax Staff

According to the National Student Clearinghouse Research Center, about 15.2 million undergraduate students enrolled in college for the 2023-2024 academic year.  Navigating the financial aspects of sending a dependent to college can be challenging, particularly when it comes to understanding the tax implications. While college expenses for a dependent are not directly tax deductible, there are several tax credits and deductions available that can significantly reduce the financial burden. 

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Criminal Tax Defense: What You Need to Know if You're Facing Criminal Tax Charges

By Top Tax Staff

If you find yourself facing possible criminal tax charges, you will almost definitely need to seek help from criminal tax attorneys who have a thorough understanding of tax law and can review the particular details of your case to see what can be done to help you. Tax crimes are federal crimes that can carry heavy financial penalties, jail time and other negative consequences. We'll look at some possible strategies to take in addressing your criminal tax charges and walk through the process so you know what to expect and what you can do to get the best possible outcome.

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Understanding and Filing for a Tax Extension

By Top Tax Staff

It's that time of year again—tax season. For many individuals and businesses, the looming deadline to file taxes can bring about stress and uncertainty. However, if you find yourself needing more time to gather documents or organize your finances, filing for a tax extension might give you the extra time you need. Let's delve into what a tax extension entails and how you can use an extension to buy yourself a little extra time.

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Asset Seizure: What Assets Can the IRS Legally Seize to Satisfy Tax Debts?

By Top Tax Staff

Editor’s Note: This post was originally published in June 2013 and has been updated for accuracy and comprehensiveness.

When you are seriously negligent in paying your IRS tax debt, you put your income and assets at risk of being seized. The IRS uses this extraordinary step to collect on debts when taxpayers have failed after repeated warnings to pay what they owe. 

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Top 8 Reasons the IRS Will Audit You

By Top Tax Staff

Editor’s Note: This post was originally published in April 2019 and has been updated for accuracy and comprehensiveness.

No one wants to be audited by the IRS. And while there is no guaranteed way to avoid an audit, there are actions you can take in preparing your taxes to help minimize your chances of being selected for audit.

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