Blogs

Most taxpayers on popular social networking sites, such as Facebook and Twitter, share their activities, thoughts, and information with their friends. Sometimes, taxpayers share sensitive tax information, including their refund amount, or the particulars of their debt on social networking sites. If their privacy settings are set to public and a taxpayer owes the IRS,... Continue reading →

The primary solution to the country’s large deficit is to raise taxes. Time and again, political parties and the media have pointed to a hike in taxes that would be necessary to cut down the massive debt the country has collected during the recession. There has not been an increase in taxes for the majority... Continue reading →

When President Obama proposed a tax increase on the wealthy it was debated by Republicans that the increased taxes would have adverse affects on the economy because the wealthy would decrease their spending. It was argued that a hike in taxes would directly affect other taxpayers who rely on the rich economically, such as employees,... Continue reading →

The political class has been deeply worried about how to get the country to recover from its deep deficit. Democrats have now made their stance on fighting the deficit clear. They say they can reduce the deficit by $1.85 trillion in the next decade with a combination of tax rate increases and spending cuts. Republicans... Continue reading →

Taxpayers often get into tax debt due to not filing taxes on time. Missing the filing deadline can lead to trouble for taxpayers because the IRS punishes any non-compliance, be it intentional or not, with penalties. In the case of IRS debt, taxpayers must avoid IRS collection actions, such as a tax levy.Taxes cannot be... Continue reading →

It is during tax season that taxpayers can resolve their back taxes and get back into the good books of the IRS. Taxpayers can file their past tax returns to potentially reduce their tax debt. In cases where taxpayers need to negotiate with the IRS, they may require the help of tax lawyers, enrolled agents,... Continue reading →

The IRS tried to make it mandatory for tax preparers to have a PTIN (Preparer Tax Identification Number), but a judge ruled that the IRS didn’t have the authority to do so. Tax Defense Network advises taxpayers to be careful when choosing a preparer to file their taxes.Taxpayers complain that some tax preparers advertise low... Continue reading →

Every year millions of taxpayers fall victim to tax scams. In cases of identity theft, taxpayers usually find out about fraudulent tax returns filed on their behalf only after the IRS rejects their tax return. The IRS is struggling to deal with millions of false tax returns every year. The IRS tries to inform the... Continue reading →

Due to the recent changes in the country’s economy, more and more people are becoming self-employed, running businesses from their homes. It gives an opportunity for unscrupulous tax preparers to falsify information on their tax returns to gain big refunds.Self-employed should be wary of tax preparers that try submit false information on their tax return,... Continue reading →

Paying taxes may hurt, but not paying taxes can hurt even more. Taxes may be voluntary, but there are penalties for not complying. The IRS has the legal right to seize and sell a taxpayer’s property and/or assets if they fail to pay taxes.The simplest method to resolve IRS debt is to pay the entire... Continue reading →