Blogs

There are many IRS tax debt payment plans to resolve tax debt, but before you apply for a plan, you need to understand its restrictions. The IRS prefers to get the entire tax debt in a single payment. Although that might be plausible in cases where the tax debt amount is not substantial, but for... Continue reading →

There are various ways to pay IRS tax debt, but taxpayers must know that the IRS has restrictions on every tax debt payment program. The choosing of a tax debt payment program depends on the financial condition of the taxpayers, their assets and liabilities, the amount of tax debt and other factors.Although the most convenient... Continue reading →

Many times taxpayers miss the deadline for paying taxes and get into tax debt. A year of owing back taxes is not the same as owing back taxes for years. The amount that you owe for a year can be paid in full. Over the years it grows into a sum that is difficult to... Continue reading →

There are many tax credits that small business owners can use, but they need to find the ones that they can use depending on the nature of their business, the number of employees and other particulars that affect their profits. The three tax credits that many small business owners overlook and that can be used... Continue reading →

Judging tax resolution services sounds like a difficult job, but there are ways through which taxpayers can easily find out if a tax company is authentic or not.The first step is to research. Taxpayers can easily conduct online research using sources of information such as Better Business Bureau and the Federal Trade Commission. Their respective... Continue reading →

It sounds like an odd combination, but the fact is that gambling and taxes go together. You gamble to have fun, win money and forget about the seriousness of life, but the IRS does not leave you even at the slot machine. That is because any money you win through luck is considered earnings by... Continue reading →

Taxes is not something you think about while gambling, but after you have won or lost, you will need to report your earnings or your losses to the IRS. It hurts, but that is what the law says. That raises the question: What activities are included in gambling?According to the IRS “Gambling income includes, but... Continue reading →

As though it is not enough that you are carrying a tax burden, there is the additional responsibility of finding a tax help for back taxes resolution that is honest, competent and affordable. There is no dearth of tax companies or tax professionals, but you need one that has experience and expertise in resolving back... Continue reading →

There are various ways to get out of tax debt, but there is only one that is most suited to you. Best resolution of back taxes depends on a number of factors including the financial situation of the taxpayer, the amount of tax debt and the length for which it has remained unpaid. Most taxpayers... Continue reading →

If you have a debt forgiven or cancelled, you will need to pay taxes to the IRS on it. Many taxpayers who do not know that the IRS charges taxes on forgiven or cancelled debt end up in tax debt.The IRS sees unreported taxes in cases of cancellation of debt as unpaid taxes. Taxpayers may... Continue reading →