Category:
Tax
As calendar dates go, April 15 doesn’t exactly create the heart palpitations of December 25, February 14 or even the Fourth of July. However, you can’t deny that April 15…
If you used debt relief options – specifically, debt settlement – to escape severe financial problems last year, you’re probably still celebrating your good fortune. Slow down. The IRS has…
What is an Offer in Compromise? An “Offer in Compromise” is a little-known but remarkably effective way that thousands of people in trouble with the IRS routinely eliminate tens of…
There’s an old accountant’s joke about the difference between a legitimate tax deduction and a loophole. A legit deduction is the item you’re claiming. A loophole is the item your…
With the possible exception of trips to the dentist, filing tax returns is one of the least favorite things American adults have to do on a regular basis. Ignoring that…
Fledgling entrepreneurs usually focus on the bright side of their small business plans, not contemplating what to do if revenue nosedived and business taxes couldn’t be paid. Yet tax problems…
Slightly more than one million taxpayers faced an Internal Revenue Service (IRS) audit of their individual tax return in 2017, but that accounted for less than 1% of all returns.…
Think of government as an engine and taxes as fuel. If you don’t fuel an engine, it won’t run, and if you don’t pay taxes, government can’t do the important…
Death and taxes are life’s two great certainties, but every year a sizeable number of people who owe the Internal Revenue Service act as if they don’t grasp the maxim.…
Of all the debts you can possibly owe, federal tax debt is the most unavoidable. After all, the government can almost always find a way to collect. Overdue tax bills…