Scams & Alerts

Taxpayers take the help of  tax attorneys to get complicated tax issues such as tax liens, tax levies, tax debt resolved. For effective tax relief, attorneys use their comprehensive knowledge of tax laws, tax codes and IRS policies to achieve a speedy and advantageous resolution of tax problems. A tax attorney must have a J.D.... Continue reading →

The IRS has announced plans to provide tax assistance to U.S. citizens who live overseas. It includes dual citizens and also those who have foreign retirement plans. The help will come in the form of encouraging U.S. citizens residing overseas to fulfill their tax obligations if they have not been filing tax returns. Only those... Continue reading →

Taxpayers who are looking to pay off their tax debt often wonder how they can conveniently pay their debt without getting into conflict with the IRS. There are various ways to pay IRS tax debt, but taxpayers must know that all IRS debt payment programs have restrictions that they need to consider before applying. IRS... Continue reading →

The Supreme Court upheld President Barack Obama’s controversial health care plan that requires all American citizens to have health insurance. If they do not, they face penalty. The plan has been facing stiff resistance. Twenty-six states contended that individual taxpayers cannot be forced to buy insurance. They went to court to get the law repealed.... Continue reading →

If you missed filing taxes for a year or have not paid taxes for years, there is one thing common in both cases: tax debt. If you did not file for extension for payment of taxes for a year and missed the deadline, the IRS can anytime ask you to pay the taxes owed. Bad... Continue reading →

Tax credit is the sum that is deducted from the amount of tax you need to pay to the government for the year. Small business can gain much by claiming tax credit, as it reduces the amount of taxes and puts more money into their pockets. There are some credits that most small businesses can... Continue reading →

With major tax relief scams being unearthed in the last few years, taxpayers are finding it difficult to spot a tax company that is honest, reliable and competent. Although fraudulent tax relief cannot be swiped clean entirely, there are ways through which taxpayers can keep them safe from such services. It pays to remember that... Continue reading →

Gambling is an activity that brings lots of money through luck. If you are winning at gambling, you have every reason to rejoice. The most remote thought that can hit you while you are winning in gambling is about taxes. What has gambling to do with taxes? The IRS believes it does. Your gambling winnings... Continue reading →

Owing back taxes when the economy has slumped is worrying, but taxpayers can help themselves get back into the good books of the IRS if they plan the resolution of back taxes. Successful resolution of a case of tax debt begins with early efforts of taxpayers. Back Taxes Help: Factual Research Usually, taxpayers who owe... Continue reading →

You are happy that your debt was cancelled, but then you get to know that you need to pay taxes on the cancelled debt. It feels unjust, but that is how the IRS works. It treats a cancelled or a forgiven debt as income, and therefore taxable. If you haven’t reported the forgiven or cancelled... Continue reading →