Blogs

The payment of tax debt, if not made early, can increase the total amount of back taxes because of the interest and penalties the IRS charges monthly. Taxpayers who are unable to pay their entire tax debt amount can reduce their back taxes by paying as much as they can before the filing deadline.Even if... Continue reading →

Taxpayers look to reduce their back taxes, but not every taxpayer can qualify for the tax debt reduction plan Offer in Compromise. Only taxpayers whose financial situation is such that any collection of back taxes can push them into a financial crisis may qualify for an Offer in Compromise.Under this IRS program, taxpayers have their... Continue reading →

National tax relief company Blue Tax has recently earned an increase in their positional score from a 94 to a 96 with Consumer Tax Reviews. This new score is based on the improved standards we’ve experienced from our latest review.Consumer Tax Reviews conducts periodical reviews on the companies we’ve previously reviewed in order to keep... Continue reading →

National tax relief company Segal, Cohen, and Landis, LLP has recently been given an enhanced positional score from a 93 to a 95 by Consumer Tax Reviews. The company’s continuous efforts to provide taxpayers with honest, ethical tax relief and an improved consultation from our most recent review were the main factors that improved the... Continue reading →

It is becoming increasingly difficult not to see how the complexity of the tax code is adversely affecting tax collection. Most taxpayers find it difficult to understand taxes and use the help of tax preparers to prepare their tax returns. Because of the complexity of the tax code, many businesses find loopholes in the tax... Continue reading →

After the Apple controversy came to public view many of the methods multi-national companies use to evade taxes legally began to be scrutinized. Profit shifting is one of those methods. Apple has said it does not shift profits from the U.S. to other countries, but stated it did not bring the profits it made in... Continue reading →

Tax evasion is one of the biggest challenges the government faces today. The recent controversy over large multi-nationals using complex tax strategies to avoid paying high U.S. corporate taxes made headlines and began serious discussions on the effectiveness of the current tax laws.There is a consensus on the need to remove complexity from the tax... Continue reading →

Apart from the efforts of the IRS to make tax debt resolution simpler by introducing the Fresh Start initiatives for the Installment Payment Agreement plans and the Offer in Compromise program, taxpayers can also make tax debt resolution simpler by making informed decisions when choosing tax debt help.Many taxpayers submit a request for tax debt... Continue reading →

Taxpayers with tax debt look to resolve their debt fast and smoothly even if they cannot get their total debt amount reduced. It is important for taxpayers to consider their financial condition, their ability to pay, and the duration of unpaid taxes to prepare their tax case appropriately. Taxpayers must know the broad particulars of... Continue reading →

The Fair Tax, as its name suggests, aims to make the tax system fairer through various strategies, including shifting tax charges from income to expenditures. The bill that was proposed by Congress looks to broaden the tax base, reduce government spending, eliminate the IRS, reduce tax evasion, and give more power to taxpayers in controlling... Continue reading →