Scams & Alerts

Tax debt resolution does not necessarily always involve the word ‘payment’ because in some cases, paying off the debt is not the only way to reach a resolution. Taxpayers who do not have the financial ability to pay back their tax debt entirely or partially can still resolve their back taxes and get back into... Continue reading →

While it is unfortunate that there are people who will cheat those facing hardship, the truth is that tax frauds use fake charities to steal tax identities and collect donations from unsuspecting people. Needless to say, the money collected never reaches those hit by disasters. LagunaNiguel-DanaPointPatch elaborates, “Scam artists use a variety of tactics. Some... Continue reading →

Many taxpayers who miss the tax return filing deadline often find themselves in tax debt. The IRS does not accept tax returns after midnight on April 15th. Resolving back taxes is not difficult if a taxpayer is able to pay the entire amount with interest and penalties in a single payment. However, taxpayers with large... Continue reading →

 Everyone with an income is required by law to pay taxes, but when it comes to receiving the benefits that the state provides to its citizens, some taxpayers receive more than what they pay in taxes. Eugene Steuerle, an economist at the Urban Institute, explains that a couple who earned average wages and retired in... Continue reading →

There are only four days left to file your tax returns. Taxpayers who are unable to file their tax returns by the April 15th deadline should file for an extension of time to file. With an extension of time, taxpayers will not avoid penalties and interest on any taxes due, but will not be charged... Continue reading →

With the tax deadline nearing, leaders from both the parties can only talk about promises. Tax reforms being discussed with the aim of making the tax code simpler never materialize. According to estimates, taxpayers spend six billion hours filing tax returns. Most taxpayers do not understand the tax laws within the U.S tax code, with... Continue reading →

IRS2Go is an IRS mobile app that allows taxpayers to check the status of their refund from their mobile phone. The app also connects to IRS YouTube videos, with the newest videos automatically featured in English, Spanish and American Sign Language. The mobile app is compatible for iPhone, iTouch and Android mobile devices. With the... Continue reading →

Every year, the IRS releases its top twelve tax scams that rocked the year. The purpose of the IRS releasing the list of top tax scams every year is to warn taxpayers about the tax scams they might encounter at any time during the year. During the tax season, all of these tax scams reach... Continue reading →

There are some that argue the rich are being targeted for taxes just because of their financial success. The counterargument is that increasing tax rates on the rich is justified because the wealthy’s income has grown at a faster rate than of any other class. According to statistics, the majority of America’s wealth has shifted... Continue reading →

The Republicans and Democrats in Washington are moving towards the same goal, but on entirely different roads. The Democrat plan is to reduce the deficit by $1.85 trillion over the next 10 years through a combination of tax increases and spending cuts. The Republican plan, on the other hand, are looking at a savings of... Continue reading →