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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 →

The possibility of a tax increase has created a great divide between high and low class Americans. The rich are expected to pay higher taxes because of their income. The middle and lower-income groups, on the other hand, cannot pay higher taxes because they cannot afford to do so.Economists state that increasing taxes on the... Continue reading →

The rationale that ‘the more you make, the more you spend’ is very true, but it applies to the progressive tax system in the U.S. The impact of higher taxes on the rich, especially businesses, on employment must be considered.Businesses believe that higher taxes affect their job creation, as it is only when a business... Continue reading →

In a recovering economy, the IRS is doing its part to help taxpayers resolve their back taxes. The IRS is providing back taxes help by simplifying the resolution process of many tax debt payment plans including Innocent Spouse and Offer in Compromise. The qualifying factors and the resolution of back taxes after qualifying have been... Continue reading →

Filing taxes jointly is not always beneficial. Sometimes, a spouse intentionally understates their taxes on their return without the knowledge of the other spouse, who simply signs the return without knowing its contents. When it leads to back taxes, both the spouses are held responsible for it. Even if the married couple divorces later, the... Continue reading →