Blogs

The tax filing season has started and U.S. citizens living overseas are required to file their tax returns in the U.S. even though they live in a different country. Though U.S. citizens in foreign countries have had to file U.S. tax returns for years, it is only after the introduction of Foreign Account Tax Compliance... Continue reading →

If you have tax debt and want to resolve it, you can either resolve the case yourself or hire professional tax help. If you can pay the entire tax debt amount in a single payment, you do not need to hire professional help because the process of resolution is simple. If you cannot pay the... Continue reading →

Tax debt can be resolved even if a taxpayer cannot pay the full amount of taxes owed. The IRS first reviews the financial condition of the taxpayer, the assets possessed by the taxpayer, and their liabilities before  they consider reducing the tax debt. If the IRS discovers in their assessment that a reduced tax debt... Continue reading →

Many taxpayers use the help of tax preparers to prepare taxes. When seeking help, it is vital to ensure that you are hiring the services of an honest preparer. Tax preparer fraud is one of the most common types of tax fraud in the country.Even though most tax preparers are honest professionals, taxpayers may encounter... Continue reading →

Along with planning, preparing and filing your tax return, you must also be sure to keep your tax records properly. When you file your tax return this tax season, make sure to keep a copy of it in your tax records. It is advisable to keep your tax records organized so that you know where... Continue reading →

Some tax scammers tempt taxpayers into conducting tax fraud, and some others steal taxpayers’ tax information to file false tax returns. Whichever method tax scammers use, taxpayers can help prevent tax fraud by keeping themselves informed, being careful in sharing tax information, and reporting attempts at identify theft.The IRS requests taxpayers to forward any suspicious... Continue reading →

The tax season is the time when tax scammers are the most active. Therefore, along with preparing and filing taxes, taxpayers also need to keep themselves secure from scammers’ attempts to steal their identity. Identity theft remains the most widespread type of tax fraud.Most taxpayers are familiar with phishing attempts by scammers. In order to... Continue reading →

It is important for taxpayers to prepare their taxes accurately and to file them timely. To ensure that the information you have put on the return is accurate, you should always double check the deductions and credits you have claimed. Make sure you have not claimed any deduction or credit that you do to qualify... Continue reading →

The tax filing season will start on January 31st, but there is still considerable confusion on the filing status of same-sex couples. Those married same-sex couples that were married in states that recognize their marriage have less confusion as to their status. They are considered married for tax purposes and may file jointly.The states that... Continue reading →

Every tax debt payment plan has qualifying factors that must be met by the applicant to begin the resolution process under it. The IRS has various tax debt payment plans, such as Streamlined Installment Agreement, Currently Not Collectible, Offer in Compromise, Partial Payment Installment Agreement, and Guaranteed Installment Agreement that taxpayers can apply for.A taxpayer’s... Continue reading →