The Taxpayer Times

"Clear tax guidance for everyday taxpayers"

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Tax questions rarely arise in isolation. They tend to surface unexpectedly, in the middle of real-life situations, and the answers are often harder to find than they should be. This blog aims to explain tax topics that are often misunderstood or overlooked. Many areas of tax law feel confusing not because they are inherently complex, but because they are not always explained in a clear, practical way. The purpose of The Taxpayer Times is to break those topics down so readers can understand what applies to them and feel informed rather than overwhelmed by the law.

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  • Crypto & Tax Returns

    “What taxpayers often misunderstand about reporting cryptocurrency activity” Cryptocurrency transactions have become common enough that they now appear in tax conversations every filing season. Some taxpayers trade frequently. Others buy once or twice and forget about it. Many fall somewhere in between. What they often share is uncertainty about how those transactions affect their tax…

  • Bankruptcy and Tax Dischargeability

    A Tax Debt Perspective for Overwhelmed Taxpayers A Note on Scope This article is written strictly from a tax debt perspective. While many people facing financial hardship are also dealing with credit card balances, mortgage delinquencies, car loan defaults, or other consumer debt, those issues are not the focus here. The discussion that follows is…

  • How Federal Tax Liens are Removed and What Options Exist

    Introduction In the previous article, I discussed what a federal tax lien is, how it gets filed, and why taxpayers often feel caught off guard when they discover one. This article builds on that discussion by focusing on how liens may be addressed and what options exist after a lien has already been filed. Once…

  • Federal Tax Lien: What It Means and How It Gets Resolved

    When taxpayers receive IRS Letter 668(Y), their reaction is often immediate anxiety. The words “Notice of Federal Tax Lien” feel sudden and severe, especially when the letter arrives without any sense that this was about to happen. What makes this letter different from most IRS correspondence is the timing. By the time Letter 668(Y) reaches…

  • Understanding the Chart of Accounts – What Business Owners Should Really Know

    When I meet with business owners, there’s always a moment I can almost predict. I’ll ask a simple question: “So, how is your Chart of Accounts set up?” There heads nod. Their faces stay calm. And they answer with confidence: “Oh yes, we have that.” But as we keep talking, the truth slowly appears. Many…