Blogs

Taxpayers with tax debt must have accurate information about how they can resolve their back tax debt and what can happen if they avoid it. The resolution of tax debt does not always involve the payment of tax debt. Under the IRS debt program, Currently Not Collectible, taxpayers can postpone the payment of their tax... Continue reading →

To tackle the U.S. deficit, taxpayers are being asked to pay more in taxes. That and spending cuts are the only solutions to resolve the deficit that Washington has offered. President Obama admits that there still is no long-term plan for introducing tax reforms for beating the deficit and the debt.An increase in taxes is... Continue reading →

Regardless of income level, many American households are facing a financial squeeze because of an increase in payroll and other taxes. Spending had a slight increase of 0.2 percent, which was due to an increase in utility usage during due the severe weather this past winter.A lighter monthly pay check has forced households to cut... Continue reading →

Tax frauds use technology to steal taxpayers’ identities online. Fake web pages, phishing emails, and malware are just some of the methods they have been known to use to extract sensitive tax filing information. Even though tax fraudsters target every taxpayer, the trap is also laid for those seeking tax help for e-filing and tax... Continue reading →

Many taxpayers who have a tax debt plan to pay their back taxes when they file this year. It is a straightforward process if taxpayers are paying the entire amount does not need professional assistance. However, paying a tax debt in full is just one of the methods taxpayers have to resolve back taxes. There... Continue reading →

Payroll taxes have hit around 160 million American workers, and thinned their paychecks. The payroll tax increase will affect taxpayers’ spending. The immediate result of fewer earnings is less spending, but the effects of increased payroll taxes might also mean less money in retirement funds, and savings accounts, which affects investments.The average taxpayer could see... Continue reading →

More taxes for an average taxpayer is fair if taxes are being paid by businesses and the wealthy alike, but many times those who can afford fancy accounting tricks can often dodge their full tax liability. Call it ‘loopholes’ in the tax code that helps big businesses avoid their tax duty without repercussions, the reality... Continue reading →

Tax increases are inevitable, but an increase in taxes is not justified if there is no equivalent increase in income. American taxpayers are being burdened with more taxes because the U.S. needs to overcome its fiscal deficit.Excessive and unintelligent spending by government can result in the waste of existing resources. Some tax revenue brought in... Continue reading →

The tax filing season has arrived and taxpayers are busy calculating their taxes and refund, and preparing their tax returns. Since U.S. tax laws are complex, most taxpayers hire tax preparers to file their taxes, but there are taxpayers who do not have the financial ability to hire a tax preparer. For them, the IRS... Continue reading →

During tax season, many taxpayers are surprised to discover that their tax returns have already been filed. Identity theft is a crime that can easily be carried out electronically. Many tax thieves steal the identity of taxpayers online through I.D. phishing and file false tax returns through IRS e-filing and get big money in refunds... Continue reading →