There are many myths surrounding tax debt, including the belief that anyone can get a tax debt reduction. Many fraudulent tax companies misuse tax debt reduction payment plans, such as the Offer in Compromise program to attract taxpayers into hiring their services. Before applying for a tax debt resolution plan, taxpayers should consult with a…
Continue reading →A tax debt resolution is simple to achieve using the right tools. Tax resolution companies are a medium where taxpayers can confront the IRS, negotiate with them, and reach a satisfactory resolution.Tax debt resolution requires the knowledge and understanding of tax laws, tax codes and IRS policies, which few taxpayers have, making it essential that…
Continue reading →The Supreme Court’s decision to strike down Defense of Marriage Act (DOMA) allows same-sex married couple to enjoy the tax benefits of marriage regardless if the state they reside in recognizes their marriage. Same-sex spouses can now file their tax returns jointly as a married couple.However, same-sex couples may face an increase or decrease in…
Continue reading →After the Supreme Court’s landmark decision to strike down the Defense of Marriage Act, speculations flew about how the IRS will determine the tax rights of married gay couples. The IRS finally declared that from now on same-sex couples will receive the same tax benefits as their straight counterparts regardless of the state they live…
Continue reading →Tax resolution companies assist taxpayers in resolving their tax problems and getting back in compliance with the IRS. Taxpayers who require negotiation are advised to seek professional assistance.Tax resolution companies house tax professionals, including tax attorneys and enrolled agents that represent taxpayers before the IRS.. Tax attorneys have the legal right to represent taxpayers before…
Continue reading →National tax relief company Blue Tax has recently earned an increase in their positional score from a 94 to a 96 with Consumer Tax Reviews. This new score is based on the improved standards we’ve experienced from our latest review.Consumer Tax Reviews conducts periodical reviews on the companies we’ve previously reviewed in order to keep…
Continue reading →National tax relief company Segal, Cohen, and Landis, LLP has recently been given an enhanced positional score from a 93 to a 95 by Consumer Tax Reviews. The company’s continuous efforts to provide taxpayers with honest, ethical tax relief and an improved consultation from our most recent review were the main factors that improved the…
Continue reading →Resolution of back taxes can be made easier if taxpayers prepare their tax cases after carefully researching and studying tax rules. Even when they hire outside help for a back tax resolution, taxpayers must ensure that the help they are hiring is legitimate and able to provide them with maximum tax debt relief.Effective back tax…
Continue reading →The primary solution to the country’s large deficit is to raise taxes. Time and again, political parties and the media have pointed to a hike in taxes that would be necessary to cut down the massive debt the country has collected during the recession. There has not been an increase in taxes for the majority…
Continue reading →It is a misconception that taxpayers who do not have the money to pay their tax debt in full cannot get out of the debt. Considering the various financial capabilities of taxpayers, the IRS has different tax debt resolution plans to resolve back taxes, namely an Installment Agreement, Currently Not Collectible, an Offer in Compromise…
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