How Serious is a Mistake on my Tax Returns?

The moment you receive a notice from the IRS about tax returns you filed, you may be filled with panic. The IRS is accusing you of making an error on your tax returns and now wants to conduct an audit.1 … Read More

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Famous Tax Evasion Cases

Many people do not think about how serious tax evasion cases can be until they hear that a famous name has been hit with a huge tax bill or has been sentenced to a prison term for evading taxes, The … Read More

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The IRS is After my Small Business

Running a small business has many challenges, including compliance with a variety of federal and state laws. One of the most important sets of laws with which you must comply is the United States Tax Code. The Internal Revenue Service … Read More

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Levels of Notice from the IRS

If you have not filed your taxes in several years or have not submitted the necessary tax payments with your returns, you may be living in apprehension that that IRS will show up on your doorstep demanding payment or threatening … Read More

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Have You Defaulted on Your IRS Payment Plan?

Agreements for installment payments assist many taxpayers in settling their tax debts with the IRS. Entering into an installment agreement will halt other collection efforts by the IRS and can help you manage your debt without fear of levies on … Read More

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How Unpaid Taxes Affect your Credit

The IRS does not report unpaid tax debts to the major credit reporting bureaus,1 which are TransUnion, Experian, and Equifax. Therefore, simply having unpaid taxes should not have any effect on your credit score. However, that significantly changes if the … Read More

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Avoid Frivolous Tax Arguments and Defenses

Many people have very strong opinions about taxes – usually, that they should not be expected to pay them. Some tax filers have intentionally failed to comply with federal tax laws enforced by the IRS and, in support, cite different … Read More

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Tax Fraud or Negligence?

Tax fraud is a serious federal crime1 and the IRS and prosecutors take tax fraud very seriously. However, in order to convict you of tax fraud, officials must prove that you intentionally and purposefully lied on your taxes to defraud … Read More

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Do Not Ignore an IRS Property Lien

If the Internal Revenue Service (IRS)1 believes that you owe unpaid taxes, the agency has several different methods of trying to collect that debt. One of the most aggressive collection methods commonly used by the IRS is by placing a … Read More

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How Long Can the IRS Pursue Back Taxes?

Once you file a tax return and it is accepted by the IRS, you may think that taxes for that year are now firmly in your past. However, the IRS looks at tax returns on a regular basis to identify … Read More

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