Blogs

Tax debt resolution does not always mean a taxpayer must pay back the tax debt. Even though the IRS looks to recover the full amount, under certain circumstances, taxpayers can resolve their tax issue without actually paying the debt. However, taxpayers who have the financial capability to pay their tax debt fully will not qualify... Continue reading →

The IRS has many tax debt resolution programs to assist with the various financial circumstances of taxpayers. Some of the most commonly used back taxes resolution programs are the Installment Agreement, Offer in Compromise, Currently Not Collectible and Innocent Spouse. These programs allow taxpayers to resolve their back taxes with or without the full or... Continue reading →

Marriage brings many changes and one of the important changes is in your taxes. After you are married, you can enjoy tax credits that are only allowed for married couples. You may need to consult a tax professional to know the tax credits you can get and the adjustments you need to make. In case... Continue reading →

Those who are getting married soon or those who are newly married should review their tax information for changes and consider the tax benefits they qualify for. Married couples can file their tax return jointly or separately. In most cases, those filing “married filing jointly” receive benefits that are not available to those who file... Continue reading →

Marriage can change many things in your life, including your taxes. If you recently were married, it is essential that you review your tax filing information and the tax credits that are only available to married couples, as well as update your tax information.After marriage, it is important to check that your Social Security number... Continue reading →

Tax scammers use temptation of money and lies in order to obtain financial or personal information from unsuspecting taxpayers. Taxpayers can protect themselves from tax scams by researching the common methods scammers use and obtaining accurate information on the IRS’ programs and procedures.From fraudulent tax preparers to fake charitable trusts, taxpayers can encounter tax scammers... Continue reading →

Avoiding paying taxes by reducing the amount can be achieved through various legal or illegal means. Illegal means can include shifting income and assets, under-reporting income, and using false deductions. Tax avoidance is unlawful and punishable under law. Tax scammers try to encourage taxpayers to use illegal methods to reduce their tax liability, many times... Continue reading →

Energy tax provisions are supposed to reduce greenhouse gas (GHG) emissions but have not effective in limiting GHG emissions, a study reveals. To counter this problem, the introduction of a carbon tax is seen as an effective alternative solution.Energy-sector tax expenditures reach roughly $48 billion, but have little to no impact on reducing GHG emissions.... Continue reading →

The energy tax provisions that include bio-fuels provisions, production tax credits for wind, oil and gas depletion allowances, and wind and other renewable energy source provisions are doing little to nothing to reduce greenhouse gas emissions, according to a study sponsored by the U.S. Department of the Treasury.The findings of the study have revealed that... Continue reading →

Energy-tax provisions control greenhouse gas emissions in order to protect the environment, but current energy taxes are doing very little to reduce greenhouse gas emissions, meaning tax expenditures and subsidies are not effective in keeping down greenhouse gases while costing the government revenue.The impact of the current provisions is unclear because of the complexity of... Continue reading →