Blogs

When taxpayers think about resolving their tax debt, they look for ways to decrease their overall tax liability. While there are many ways to reduce a tax debt legally and stay within IRS rules and regulations, not every taxpayer qualifies for tax debt reduction. It is advisable to use legal tax help to understand the... Continue reading →

A study by the Congressional Budget Office (CBO) predicts that this year’s federal deficit is going to fall to $642 billion. In fact, the U.S. Treasury received a surplus of revenue in April. The surplus touched $113 billion. Even though the reasons for the surplus might be temporary, the decreasing deficit will give policymakers even... Continue reading →

Taxpayers who have tax debt want to reduce their tax liability and avoid IRS collection actions. Most taxpayers who are under tax debt want to resolve their tax debt, but they do not have the money to pay their entire tax debt. However, they do not necessarily need to pay back the entire IRS back... Continue reading →

IRS debt can become a pain in the neck if it is not resolved early. The IRS can use aggressive collection actions such as a tax lien and levy to collect back taxes. It usually happens when taxpayers avoid paying their tax debt, even after constant reminders by the IRS.It is important for taxpayers to... Continue reading →

Online retailers were eagerly waiting for May 6th because the U.S. Senate was likely to pass a proposed bill that would require online retailers to charge sales tax outside their physical borders. On Monday, the Senate passed the bill, making the bill that much closer to becoming law. Currently, online retailers only collect sales tax... Continue reading →

Up to this point, online users usually did not pay sales tax on purchases made online. That was because current U.S. tax laws do not require online retailers to charge sales tax from customers who were not located where they had a physical store. This will change if a bill regarding online tax sales passes... Continue reading →

When resolving back taxes, taxpayers often wait until after the IRS sends them a notice regarding the tax debt or moves to aggressive collection actions such as tax lien or tax levy. It is important for taxpayers to know that if they pay their back taxes late, they will end up paying more overall because... Continue reading →

Back tax relief is not complicated; it becomes complicated when taxpayers apply for the wrong debt payment plan, sometimes because of bad tax advice from professionals. Many taxpayers fall victim to the rosy dreams fraudulent tax services sell them to pocket high fees.Believing a tax service will get the IRS to reduce their tax debt... Continue reading →

There are many ways to pay back tax debt, but taxpayers need to choose a method that will provide them with most advantages. Choosing a payment plan depends largely on the amount of tax debt and the financial capability of taxpayers.Those taxpayers who have smaller tax debt should pay off the entire amount in a... Continue reading →

Taxpayers can check their eligibility for a penalty abatement if they haven’t filed, or paid their taxes on time or in full. The IRS charges penalties and interest on any tax amount paid after the tax filing deadline. To get penalties reduced or forgiven, taxpayers need to provide a ‘reasonable cause’ for the delay in... Continue reading →