Tax Relief Companies

Avoidance of taxes is not the only reason taxpayers fall into tax debt. Miscalculations or erroneously filed tax returns also lead to a tax liability. Even though the reasons for having a tax debt can be many, the IRS does not discriminate. It will keep charging interest and penalties on any amount of taxes that…

When preparing taxes, it is important to fill out the information correctly so that there are no errors that can cause rejection of the tax return. It is preferable to engage the help of a tax preparer if taxpayers face difficulties in making the correct deductions, using the correct credits, choosing the most appropriate filing…

Low-income taxpayers, the elderly, the disabled and those who have limited understanding of English may use free tax help from the IRS during the tax season. Volunteer Income Tax Assistance (VITA) and the Tax Counseling for the Elderly (TCE) are the two programs offered by the IRS to provide free tax assistance to qualifying taxpayers.To…

During this tax season, tax scammers have been calling taxpayers pretending to be the IRS. If you receive a call from the IRS before April 15th, be suspicious because it might be from scammers. The IRS has received more than 20,000 reports regarding the telephone scam from taxpayers from across the country. The IRS has…

The new tax fraud that has been affecting taxpayers around the country is a telephone scam where the callers pretend to be from the IRS. If you receive a call from the IRS saying that you owe taxes or that you are entitled to a large refund, do not share any sensitive information with the…

Before filing taxes, you need to consider where your income is coming from. If any part of your income comes from one of the U.S. possessions, then you need to comply with certain specific tax rules. The U.S. possessions with specific tax rules are American Samoa, U.S. Virgin Islands, Puerto Rico, Guam and the Northern…

The IRS has many payment plans for the resolution of the tax debt, some of which do not involve its full payment. The resolution of a case with tax debt relief depends on the unique circumstances of the taxpayer. For example, a taxpayer that does not have enough income or assets to pay the full…

Resolution of tax debt can be achieved through various methods, but for every case, there is usually one method that is the most advantageous. After choosing the most appropriate method to resolve a tax debt case, it is essential to represent the case professionally and negotiate its terms and conditions with the IRS, if required….

Many taxpayers end up paying more in tax debt than they originally needed to because they waited to resolve it. As time passes by, the amount of back taxes owed increases because the IRS charges penalties and interest on it until it is paid in full. Even after a taxpayer has qualified for a tax…

If you do not have the financial capability to pay any amount of back taxes, then Currently Not Collectible (CNC) is an option to consider. Under this IRS status, the IRS postpones tax debt payment until the taxpayer is able to pay it partially or fully, depending on their financial condition in the future.The IRS…