Fresh Start Tax Relief vs. Other Tax Resolution Options: Which is Best for You?
Fresh Start tax relief is an initiative by the United States federal government to help taxpayers who owe money to the IRS. It is meant to relieve taxpayers being asked to pay a considerable amount of money as tax but cannot do so. This program benefits taxpayers by preventing them from depositing unreasonable taxes if […]
Steps to Take for a Fresh Start: A Practical Approach to Tax Relief
The introduction of the IRS Fresh Start programs has provided the general taxpayers an additional option, which consequently relaxes the aspect of tax paying. However, people need to acknowledge a few steps and eligibility criteria for effectively triggering the standards under this program. Taking steps for a fresh start in terms of tax relief involves […]
When Do You Need an IRS Lawyer?
Owing back taxes to the Internal Revenue Service is something you never want to face. You find yourself not picking up the phone, leaving official letters unopened, and over time the weight you carry only seems to get heavier. The first thing to know is you’re not alone. Getting behind on taxes happens to millions […]
What Happens if You Don’t Pay Taxes: Everything you Need to Know
You’ve just finished working on your taxes and discovered something that makes your stomach churn. You can’t pay your tax bill. You owe a lot of money to the IRS that you don’t have. What happens if you don’t pay tax? Will you go to jail? Is the IRS going to take your house? All […]
Offer in Compromise: The Complete Guide
If you’re dealing with a tax debt you’ve likely seen advertisements about “settling your tax debt for pennies on the dollar” more times than you care to remember. These advertisements are about the IRS’s offer in compromise debt settlement option. The program is designed to help people settle their tax debt by paying a portion […]
A Guide to Tax Resolution Services
Each year the Internal Revenue Service (IRS) has the responsibility of collecting federal taxes from millions of Americans and making sure people follow tax laws. The IRS handles the processing of tax returns, collection of tax payments, and the distribution of tax refunds. In 2018, the agency collected around 250 million tax returns and distributed […]
IRS Audit Defense Guide
Ultimate IRS Audit Defense Guide: How To Protect Yourself From A Tax Audit Filing your taxes each year can be nerve-wracking. Did you take all the deductions you qualified for? Did you fill everything out correctly? Were there any math errors or typos? No one ever wants to be the subject of an IRS audit, but […]
What Happens If You Don’t Pay Taxes On Time?
No one likes paying taxes. Giving up your hard-earned money at the end of the year, shortly after the expensive holiday season, isn’t anyone’s idea of a good time. However, all income-earning Americans are required by law to file a tax return each year and, if necessary, pay any taxes that are owed to the […]
What To Do If You Get an IRS Tax Notice
What To Do If You Get an IRS Tax Notice: Types of Notices & Dos and Don’ts for Taxpayers Tax time can often be a time of anxiety, uncertainty, and stress for individuals and businesses alike. If you have filed your taxes before, it’s likely that these feelings are all too familiar. This can even […]