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Back tax resolution can be simple by making informed decisions from the start. Knowing IRS policies, tax laws, and the details of your tax debt is essential in correctly preparing a tax debt case, and effectively presenting it before the IRS.IRS back taxes can be resolved early and favorably by choosing the most appropriate IRS... Continue reading →

Back tax resolution can be achieved by qualifying for an IRS debt resolution plan. There are many resolution plans designed to allow taxpayers to pay their tax debt comfortably, depending on the various financial factors. Tax debt resolution may involve a reduction in the amount of tax debt if a taxpayer does not have the... Continue reading →

It is hard to estimate how long your retirement savings will serve you. There are various factors, including inflation, your living standard, and the amount of savings that must be considered to determine your total retirement savings will be able to fulfil your lifestyle while retired. BlackRock has come up with a tool, CoRI, to... Continue reading →

Saving for your retirement is essential to comfortably living in old age. The government also makes efforts to ensure that citizens reach their retirement goal. Recently, the U.S. Chamber of Commerce and American Association of Retired Persons (AARP) proposed solutions that will help provide a secure retirement to more people.Determining your net worth and understanding... Continue reading →

The U.S. Chamber of Commerce and American Association of Retired Persons (AARP) are pushing for improvements in retirement savings for all Americans. Millions of Americans live without any retirement savings or have insufficient retirement savings. It is expected that their number will increase in the near future as more people retire.To find and implement solutions... Continue reading →

IRS debt reduction plans are attractive to taxpayers, but their presence is there to help taxpayers whose financial condition does not allow them to pay in full, resolve their tax debt affordably. Each IRS reduction plan has strict qualifying restrictions taxpayers must meet.The IRS assesses the financial condition of taxpayers including identifying any assets, retirement... Continue reading →

Taxpayers should avoid getting into IRS debt by staying up-to-date with tax laws and IRS policies. All taxes owed must be paid, along with any interest and penalties before the tax filing deadline. If taxpayers are unable to pay the entire tax amount they owe, they should pay as much as they can in order... Continue reading →

After facing tough questions over the Tea Party controversy, the IRS now has to answer questions regarding the billions in tax credits given to the paper industry. In the Tea Party controversy, the IRS focused on the biases of a few employees, but the tax credit controversy has revealed that top officials of the IRS... Continue reading →

The IRS isn’t flexible when it comes to filing taxes late. The IRS assesses penalties to taxpayer who files their taxes late in order to discourage non-compliance. After the filing deadline, any amount of back taxes that remains to be paid are charged penalties and interest. The amount of penalties and interest depends upon the... Continue reading →

The resolution of back taxes can only be achieved by qualifying for an IRS debt payment plan. Taxpayers who can pay their entire tax debt in a lump sum do not need to apply for a debt payment plan. They can simply contact the IRS and pay back the entire amount. Depending on the gravity... Continue reading →