Stay informed with the latest insights and tips on tax resolution, financial planning, and IRS updates. Our blog is dedicated to providing valuable information to help you navigate the complexities of tax debt and make informed decisions for your financial future.
Tax debt an overwhelming burden if you have limited or no ability to pay it. Fortunately, there are legal methods to resolve tax debt without paying the full or any amount of tax debt. Even though there are strict restrictions, those who really cannot afford to pay their tax debt can easily resolve their case... Continue reading →
Tax debt resolution often requires professional help. A tax service, be it an individual tax lawyer or a tax resolution service, provides back taxes help for the preparation of the tax debt case, representation of the case and conducting negotiations with the IRS. It is only in cases where people need to qualify for a... Continue reading →
This tax season, the scammers are using tax debt collection efforts of the IRS to carry out fraud. In previous years, we saw that the scammers tried to steal the identity of a person to file false tax returns in their name. This year, the scammers are widely using back taxes as a means to... Continue reading →
Scammers are widely using the name of the IRS to dupe taxpayers into sharing their bank account numbers, Social Security number or making direct deposits right into the scammers’ bank accounts. The new tax scam is known as the IRS phone scam. People in all states have been victimized by this scam, making it “the... Continue reading →
The IRS phone scam has shocked the IRS with its magnitude. For taxpayers, it is a reality that means picking up the phone to hear the IRS telling them to pay up immediately or face arrest. Tax scammers are using the identity of the IRS to threaten taxpayers into sharing their Social Security number, bank... Continue reading →
Tax debt can be resolved even if you cannot pay the full or any amount of tax debt. This is why the IRS will not accept excuses. The IRS has payment plans that allow tax debt reduction or postponement of tax debt. The only reasons for an unresolved tax debt can be negligence or procrastination.... Continue reading →
Avoidance of taxes is not the only reason taxpayers fall into tax debt. Miscalculations or erroneously filed tax returns also lead to a tax liability. Even though the reasons for having a tax debt can be many, the IRS does not discriminate. It will keep charging interest and penalties on any amount of taxes that... Continue reading →
When preparing taxes, it is important to fill out the information correctly so that there are no errors that can cause rejection of the tax return. It is preferable to engage the help of a tax preparer if taxpayers face difficulties in making the correct deductions, using the correct credits, choosing the most appropriate filing... Continue reading →
Low-income taxpayers, the elderly, the disabled and those who have limited understanding of English may use free tax help from the IRS during the tax season. Volunteer Income Tax Assistance (VITA) and the Tax Counseling for the Elderly (TCE) are the two programs offered by the IRS to provide free tax assistance to qualifying taxpayers.To... Continue reading →
During this tax season, tax scammers have been calling taxpayers pretending to be the IRS. If you receive a call from the IRS before April 15th, be suspicious because it might be from scammers. The IRS has received more than 20,000 reports regarding the telephone scam from taxpayers from across the country. The IRS has... Continue reading →