Blogs

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 →

The IRS periodically updates taxpayers on the various methods scammers use to dupe taxpayers into sharing their personal and financial information. Currently, the IRS shares tips to help taxpayers avoid scammers who are targeting charitable donations to the recent Boston Marathon tragedy.Scammers are posing as charities to collect donations from well-intentioned taxpayers. As many people... Continue reading →

Tax frauds know that after a big tragedy, people will donate money to help the victims. These scammers steal the money that is advertised to help victims of tragedies.Scammers pose as charities and contact people through phone, email, in-person or social networking sites asking them to donate money for a cause. To earn the trust... Continue reading →

With tax filing season over, most taxpayers believe the threat of tax fraud is over as well but the reality is that tax frauds use the tax downtime to make quick money. After tax season, frauds begin to target taxpayers who have yet to file, or filed for an extension and are due refunds.Late-filers are... Continue reading →

Many taxpayers failed to file their tax returns this year. Yet, they may know that after the filing deadline, the IRS will begin to charge interest and penalties on any tax amount that remains to be paid. Therefore, back taxes resolution must be achieved as early as possible.Taxpayers who didn’t apply for an extension or... Continue reading →