Blogs

How you decide to handle your tax debt is critical in achieving a comfortable and an advantageous resolution. The more you know about the available payment plans, IRS penalties and interest, and tax law, the easier it will be for you to make the right choice.Familiarizing yourself with the various IRS payment plans is an... Continue reading →

When resolving a tax debt, you should choose the most appropriate payment plan. An appropriate payment plan is one that you can qualify for, provides you the most advantages, and allows you a comfortable resolution. If you have the ability to pay your entire tax debt amount, but not at once, then you may request... Continue reading →

Even though the IRS has been able to curb illegal tax evasion, the government continues to lose tax dollars. There have been multiple cases that have made headlines in the past few months about large companies using tax inversions. It’s common knowledge that companies use tax strategies to minimize their liability, and inversions allow them... Continue reading →

Apple Inc. made news when they were criticized for attempting to reduce their tax liability in the U.S. by keeping their profits overseas. After that, cases of other companies using similar tactics were reported. Now Burger King is being attacked by lawmakers and critics for evading taxes.According to reports, Burger King paid substantially less in... Continue reading →

When asked about legal tax evasion, corporations often blame the high corporate tax rate for prompting their tactics. Though it’s true that the corporate tax rate in the U.S. is the highest in the world at 35%, companies use strategies to avoid paying that. These companies often come under fire for reducing their tax bills... Continue reading →

When the IRS discovers that an individual owes taxes, they will begin efforts to collect on the debt. There are various kinds of collection actions the IRS uses, including sending notices, federal tax liens and, eventually, a levy. It’s important to take seriously the initial notices which the IRS uses to inform of the amount... Continue reading →

Back tax resolution may seem difficult, but it may be easier than you think if you get started early. First, you need to find out the amount of your debt. With the addition of penalties and interest, the original amount you owe may have increased. The longer your liability goes unpaid, the more it ultimately... Continue reading →

Each year, millions of taxpayers file their tax returns electronically using the IRS free tax filing program. Filing returns electronically is faster, as taxpayers can complete their taxes within minutes and without leaving their home. E-filing also provides taxpayers with a safe filing method, as there is little chance of the return getting lost, damaged... Continue reading →

Taxpayers worry about preparing their tax returns themselves or hiring a legitimate and competent tax preparer. Prior to e-filing, tax filing was a lengthy process where there was a greater chance for errors. Now, with electronic filing, more and more taxpayers are doing their taxes using the IRS’ efile. E-file makes it easier for taxpayers... Continue reading →

Tax filing was far more cumbersome before e-filing. Paper forms had to be obtained, filed and posted. Once they were submitted, taxpayers were at the mercy of the postal service to trust that their returns were received without incident. That changed after the IRS introduced efiling. Now, you can send your return within seconds; you... Continue reading →