Earlier this year, there was great disagreement over raising taxes on the wealthy. Many believed that raising taxes would not affect the very rich to a large extent; rather it would affect the services they provide and the people they employ. But statistics reveal that the tax increase on the wealthy did not affect services…
Continue reading →Nobody likes to pay taxes, but taxes do not seen as dreadful if we look at how high the cost of low taxes can be. The general notion is that low taxes are good, but this is not always the case. An example is the privatization in the health care system. Statistics reveal that privatized…
Continue reading →The debate about the high cost of low taxes is important for revealing many buried truths. The simple question is: what benefits are the American people getting for the taxes they pay?Likesome European countries, the American people also pay a similar amount for services such as healthcare, unemployment insurance, and disability. The safety net for…
Continue reading →There are many options available to taxpayers looking to resolve their tax debt. The simplest method is to pay the entire back tax in a single payment because it does not involve the process of qualifying for an IRS debt payment plan. Taxpayers who cannot afford to pay their entire tax debt in a lump…
Continue reading →Before filing of taxes, taxpayers must ensure that all the information they have included on the return is accurate. Many times, unintentional errors such as forgetting to include an income source or claiming a deduction that they do not qualify for can lead to tax debt. To avoid such errors, taxpayers need to review the…
Continue reading →Customer reviews are valuable in knowing the experiences of others with a product or a service. Most of us read reviews of products and services by other people before making up our mind about using a product/service. They allow us the unbiased insight that cannot be achieved by any other means.Most online reviews are authentic,…
Continue reading →Consumer boards allow people to post reviews of the products/services they have used. The purpose of online consumer boards is to provide a free platform to consumers where they can share their good and bad experiences with other consumers. This purpose is defeated when people post fake negative reviews to purposefully inflict damage of any…
Continue reading →Tax frauds are forever devising new ways to cheat. With computers and the Internet being more and more commonly used for filing tax returns and receiving returns, tax fraudsters are more active than ever. Some vital tips that will help taxpayers to beat the scammers are:Never share any personal or tax sensitive information with any…
Continue reading →Fraudulent tax preparers sometimes misuse the trust of taxpayers to file fraudulent tax returns on their behalf and run away with large refunds. Many times, they tempt taxpayers into filing false tax returns to claim large refunds. Whatever their method is, tax fraud is a crime punishable by law. To avoid falling into the trap…
Continue reading →If taxpayers cannot pay their full tax debt in a single payment, they need to arrange an IRS tax debt payment plan. The IRS has many payment plans, including Partial Payment Installment Agreement, Offer in Compromise, Currently Not Collectible, and Installment Agreement. Payment plans allow taxpayers to resolve their tax debt without paying the full…
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