Once you miss a tax filing deadline, the Internal Revenue Service (IRS) can seem intimidating. But there are remedies for missing a tax deadline. The best thing to do is prepare and file back tax returns as soon as possible. Do you have more questions? Read further for more information. What Does “File Back Tax […]
As the pandemic swept the nation, many Americans were worried about putting food on the table. When the coronavirus forced people out of their jobs, it felt as if the stimulus money came just in time. We weren’t thinking about paying income tax on covid-19 relief payments back then. Now, businesses are opening back up […]
As the coronavirus pandemic continues to spread, stock market prices continue to plunge. Experts agree that the impact on world economies will be significant. In fact, Indonesia and other countries across the globe have already unveiled tax relief packages. President Donald Trump noted possible tax relief during the coronavirus pandemic for Americans, as well. Is […]
It’s expensive to owe money to the IRS. In fact, many taxpayers avoid filing their tax returns in hopes of staying “under the radar.” But the IRS takes taxes quite seriously, saying, “If you cannot pay the full amount of taxes you owe, you should still file your return by the deadline and pay as […]
Hiring a tax relief professional is certainly a personal decision. Many taxpayers opt to maintain control of their dealings with the IRS. The IRS supports your rights to do so. They offer tips for working through a variety of case events on their website. If you have a simple tax return or owe less than […]
The IRS expects every taxpayer to file and pay their taxes on time each year. Many taxpayers are comfortable with preparing and filing their own simple tax returns. On the other hand, taxpayers commonly seek expertise for complicated returns to save time and ensure accuracy. Consequently, tax professionals e-filed about 60 percent of individual tax […]
Tax debt and IRS collection methods are stressful. When Americans need help and compassion the most, scammers are ready to step in. Instead of administering much needed aid, they rob taxpayers of their time and money. The violation is unforgiveable, and yet, these companies often go without discipline. As the IRS and the U.S. Justice […]
Have you ever had a bad day or week and fantasized about moving to another country? It’d be great to just leave your bills and problems behind and start a new life abroad in those moments, right? However, at least one bill will follow you across the globe: your U.S. tax bill. Yes, that’s right. […]
Did you know that unfiled tax returns can cost a taxpayer jail time? Filing tax returns and paying taxes have been a part of American culture for hundreds of years. Benjamin Franklin said it best in his letter to French scientist Jean-Baptiste Le Roy in 1789. He wrote, “Our new Constitution is now established, everything […]
An IRS wage garnishment is the last thing we want to happen to our hard-earned paychecks. But the IRS has the right to notify your employer of your delinquent tax debt. They can also direct them to withhold some of your earnings. Due to this capability, the best way to avoid a wage garnishment is […]
