Blogs

Many U.S. companies merge with smaller foreign companies to reduce their tax liability, a tactic some critics to declare unpatriotic. Reducing one’s tax liability and whether this truly is unpatriotic is open to debate, considering that the U.S. has a very high corporate tax rate. President Obama has considered lowering this tax rate, and has... Continue reading →

There are two general categories in which corporate tax evasion can be divided: legal and illegal. The major difference between the two is that legal tax evasion can be curbed by removing the conditions that enable it, while illegal tax evasion can directly be punished under law.Corporations that have the resources often use legal methods... Continue reading →

Tax inversions are being used by American corporations to avoid paying taxes in the U.S. Basically, multinational companies avoid taxes by keeping their profits overseas. This became news, as word quickly spread how tax inversions are being used by corporations to minimize their tax liability in the U.S.When tax inversions first became rampant in the... Continue reading →

When you encounter a tax scam, you have to be careful not to fall victim to it. Also, it’s important that you report it so the scammer isn’t able to dupe others. Whether it’s a scam email, phone call or a text message aimed at stealing your identity, it should be reported to the IRS,... Continue reading →

A tax debt is not difficult to resolve if you take the correct steps from the start. If you have the financial ability to pay the entire tax debt at once, then you certainly don’t need to hire expert help or apply for a payment plan. You simply pay the full amount of tax debt... Continue reading →

Most people trust a tax return preparer to honestly handle their returns, but there are some “professionals” who want to make quick money by filing fraudulent returns. Fraudulent return preparers will use false deductions and credits to get huge refunds without the knowledge of the taxpayer. Sometimes, though, they will convince a taxpayer to collaborate... Continue reading →

Identity theft is one the most widespread tax scams in the country. Every year, thousands of taxpayers learn their identities have been stolen to carry out tax and financial crimes. In the case of a tax refund fraud, taxpayers usually realize that their identity has been stolen once they go to file a tax return.... Continue reading →

For those taxpayers that do not have the financial capability to pay their entire tax debt amount, the IRS has designed payment plans to help them resolve their back taxes. If you can only resolve your tax debt by paying a reduced amount in tax debt, you may consider payment plans such as Offer in... Continue reading →

Resolving back taxes often worries taxpayers, but if they carefully research their options, there will be less cause for stress. Considerations such as choosing the right payment plan, determining finances, and whether to hire professional assistance all factor in to finding the most affordable, sensible tax resolution.When considering resolution options, remember to review the various... Continue reading →

The IRS phone scam is the latest tax scam that shocked the nation when it was first discovered several months ago. Dubbed the largest tax scam of its kind, in this tax scam, scammers use the facade of the IRS to intimidate taxpayers to immediately pay their tax debt through wire transfer or prepaid debit... Continue reading →