Tag Archives: Cozby & Company

Is Life Insurance Money Taxable?

Is life insurance taxable? It isn’t as much a yes or no answer as it is a situational answer. It depends on a few factors really. But when it comes right down to it, there are three things you should … Continue reading

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Taxpayers Can Connect with the IRS on Their Phone

Anyone with tax questions can just grab their phone for answers. The IRS has a mobile app, IRS2Go, which is available for free to use on Android and iOS devices. It’s also available on Amazon. Taxpayers use the app to: … Continue reading

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Car Buying Basics

Whether you are buying new or used, there is nothing quite like getting behind the wheel of your first car. But just like with driving, the process of buying a car should be done slowly. Here are some important things … Continue reading

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Here’s What Taxpayers Should Know about Penalty Relief

The following article is from the IRS. Taxpayers who make an effort to comply with the law but are unable to meet their tax obligations due to circumstances beyond their control may qualify for relief from penalties. After receiving a … Continue reading

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How to Budget When You’re on Inconsistent Income

There are certain jobs, even careers, that don’t provide consistent income. Sure, you can make a living off these jobs, but you can’t ever predict with certainty what your income might be from week to week, month to month, or … Continue reading

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Do’s and Don’ts for Taxpayers Who Get a Letter from the IRS

Every year the IRS mails millions of letters to taxpayers for many reasons. Here are some tips and suggestions for taxpayers who receive one: Don’t ignore it. Most IRS letters and notices are about federal tax returns or tax accounts. … Continue reading

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Simple Ways to Stop Impulse Buying

The word “shopaholic” is often thrown around jokingly to describe those who get a high out of making a purchase, whether they need the item or not. While there is a disorder assigned to someone whose shopping addiction has a … Continue reading

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