Blogs

Identity theft is rising when it should be decreasing. The IRS and various law enforcement agencies claim to bust tax scams every year, but judging from the rising figures of tax theft, there still is more to be done.The ease of the crime, the distance between the victim and the criminal, and the essentially non-violent... Continue reading →

Back taxes scare most people. When taxpayers find that they are unable to pay the entire tax debt, many postpone making any payment, which can lead to an IRS lien or levy. The IRS looks to collect the entire back taxes, but when if it cannot, it will negotiate the other options available.IRS payment plans,... Continue reading →

The non-payment of back taxes can lead to trouble. In many cases the IRS discovers the tax debt, but by then the amount of tax debt has grown because of interest, and becomes difficult to pay in full. That is why early resolution of back taxes is beneficial.The IRS recently discovered that Don Marsh, of... Continue reading →

It is a misconception that taxpayers who do not have the money to pay their tax debt in full cannot get out of the debt. Considering the various financial capabilities of taxpayers, the IRS has different tax debt resolution plans to resolve back taxes, namely an Installment Agreement, Currently Not Collectible, an Offer in Compromise... Continue reading →

Tax debt is a pain, but the good news is that it can be relieved. Paying back tax debt comfortably is possible if taxpayers have the right information and the right help.Although smaller tax debt amounts can be paid in full affordably, large tax debts usually cannot, and taxpayers should look for tax debt relief,... Continue reading →

The tax system of a state directly affects how much tax its individuals and businesses pay. In response to the level of taxes a state levies, individual taxpayers and businesses decide whether to stay and/or invest in that particular state or move to a state with lower taxes. In Illinois in the last decade, then... Continue reading →

You pay more or less in taxes depending on which U.S. state you live in. This is because every state has its own tax code and tax system. The four main taxes that determine how much individuals and businesses pay in state taxes are the corporate tax, individual income tax, sales tax, and unemployment insurance... Continue reading →

Every taxpayer is required to pay federal taxes, but not everyone with the same income is paying the same taxes. A major factor in paying higher or lower taxes depends on which state you live in. New York has the highest taxes in United States and Wyoming has the lowest. Alaska and Florida have no... Continue reading →

Tax preparation is the first thought that comes to mind at the start of tax season. Preparation and filing tax returns can be relatively easy with tax preparers. Hiring tax preparers for tax return preparation is fine, but you must ensure that your tax preparer is honest by checking your return before filing it. Also,... Continue reading →

Tax filing might have gotten easier with e-filing, but tax preparation is as hard as ever. No wonder most taxpayers seek help from tax preparers to file their taxes. Along with paid services, there are many free resources to get tax filing help for taxpayers. The IRS has many online, telephone, and in-person facilities for... Continue reading →