Scams & Alerts

The resolution of tax debt is a sensitive issue. Most taxpayers hire outside help because tax debt resolution requires a deep understanding of tax laws, IRS policies, while also needing the skills and experience to resolve the tax debt case with the IRS. Tax resolution companies that specialize in handling tax debt cases have tax... Continue reading →

There was much speculation about how the IRS would handle the married status of same-sex couples who lived in states that do not recognize their marriage. The Treasury Department and the Internal Revenue Service have announced that the IRS will recognize the marriage of legally married same-sex couples for federal tax purposes, even if they... Continue reading →

Paying a tax debt through a payment agreement is one of the easiest methods to resolve a tax liability because it does not require extensive negotiations with the IRS. Taxpayers with the financial capacity to pay their entire amount of tax debt, but not in a lump sum, can pay it with monthly payments through... Continue reading →

If the U.S. intervenes in Syria, how will it affect American taxpayers? That is the question Washington Times asks. President Obama is advocating intervention for “humanitarian” reasons, but are the American taxpayers ready for the additional burden? “The Constitution grants Congress the power to tax U.S. citizens to provide for the common defense of U.S.... Continue reading →

Taxpayers who are under tax debt often hire the services of tax resolution companies to help resolve their tax case. Expert help can be necessary when resolving tax debt with an IRS payment plans, but taxpayers should be cautious with the tax resolution company they choose. Spotting Fraudulent Tax Resolution Companies A fraudulent tax resolution... Continue reading →

The IRS charges the ‘King of Pop,’ Michael Jackson’s estate $702 million in back taxes. The amount includes federal taxes and penalties and interest. The IRS accuses that the estate undervalued some of Jackson’s assets by hundreds of millions of dollars. The Jackson estate went to court challenging the IRS’ claims saying that the agency... Continue reading →

A tax debt amount will grow over time. Many taxpayers delay paying their back taxes, believing they will be able to pay the amount once they save money. However they find that IRS interest and penalties has accumulated over the years, substantially increasing the total debt amount. Back taxes resolution, then, can be achieved by... Continue reading →

The Obama administration raised taxes for the rich with a reminder that they may be raised again. Targeting the rich sounds fair to many because they make more money than most, but does targeting the rich affect middle and lower-income groups? Thurman John or T. J. Rodgers is the founder and chief executive officer of... Continue reading →

The IRS has proposed to extend its deadline for Innocent Spouse Relief to help single mothers and victims of domestic violence receive the benefits of the Innocent Spouse Relief program. This is expected to help more than 50,000 people who apply for Innocent Spouse Relief, including victims of domestic violence. Under the proposed rules, taxpayers... Continue reading →

Americans living outside of the country are finding U.S. tax laws so difficult to comply with that many wealthy citizens have renounced their U.S. citizenship. The number has risen to the thousands and counting. The Foreign Bank and Financial Accounts (FBAR) regulations state that “if you have a financial interest in or signature authority over... Continue reading →