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Tax debt must be resolved early to avoid the accumulation of IRS penalties and interest, as well as to avoid aggressive collection actions by the IRS. It is important for taxpayers to know that they can resolve their tax debt even if they cannot pay the entire amount of the debt. The IRS has various... Continue reading →

The most common IRS payment plan is an Installment Agreement. This tax debt payment plan is widely popular due to most taxpayers being eligible for one of its various types.  Under this payment plan, taxpayers can pay their debt amount in fixed monthly payments in order to fulfill their tax debt amount. The IRS charges... Continue reading →

President Obama is slowly gaining more support for strikes in Syria, but it will only be after the support of Congress that he will be able to lead the U.S. in an intervention in Syria. Amidst the talk of saving Syria on humanitarian grounds, American taxpayers have been forgotten.The “limited” strike might cost the country... Continue reading →

If the U.S. decides to use its military force in Syria, it will cost American taxpayers billions. Indications have been made that the U.S. might launch cruise missiles in Syria, with the cost of each missile around $1.1 million.President Obama proposed that the U.S. must intervene in Syria on humanitarian grounds, but do the American... Continue reading →

Tax resolution does not necessarily have to be complicated and stressful. Tax professionals work on behalf of a taxpayer to achieve the best possible resolution to their tax problem. When seeking help from tax resolution companies, taxpayers must make inquiries about the services provided by the company, their location and history, and their staff members,... Continue reading →

Tax resolution companies assist taxpayers in resolving their tax problems and getting back in compliance with the IRS. Taxpayers who require negotiation are advised to seek professional assistance.Tax resolution companies house tax professionals, including tax attorneys and enrolled agents that represent taxpayers before the IRS.. Tax attorneys have the legal right to represent taxpayers before... Continue reading →

The IRS begins the collection process for tax debt by sending notices to taxpayers with details of the amount owed and repayment options available. Taxpayers that resolve their tax debt avoid any additional problems but those who ignore or do not make efforts to resolve the back taxes risk aggressive collection actions.The IRS has the... Continue reading →

In many cases, resolution of back taxes does not involve full payment of the tax debt. Tax debt reduction becomes necessary for the IRS in cases where taxpayers have no means to fulfil the entire tax debt amount. In such cases, the IRS brings down the total tax debt amount so that taxpayers can pay... Continue reading →

Tax debt resolution does not involve the full payment of the tax debt amount in cases where taxpayers cannot afford to pay their entire back taxes. Those who do not have the financial means to pay their entire tax debt should consider applying for an Offer in Compromise for tax debt reduction. Under this debt... Continue reading →

Any discussion regarding a tax increase on the rich always includes its affect on employment because it is believed that it is the rich who provide employment. The importance of employment cannot be undermined and its relationship with taxes must also be considered before introducing any tax increases.When President Obama declared that taxes on the... Continue reading →