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

Posted in Tax Law | Tagged | Leave a comment

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

Posted in Tax Law | Tagged | Leave a comment

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

Posted in Tax Law | Tagged | Leave a comment

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

Posted in Tax Law | Tagged , | Leave a comment

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

Posted in Tax Law | Tagged | Leave a comment

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

Posted in Tax Law | Tagged , | Leave a comment

Getting Through an IRS Audit

Let’s face it–taxes are not fun. The Internal Revenue Service (IRS) is one of the most disliked federal agencies because it collects money from taxpayers and enforces so many complex laws and requirements.1 Tax laws often leave people feeling confused … Read More

Posted in Uncategorized | Tagged , | Leave a comment

No Tax Filing NoBankruptcy Discharge

The Failure to File Taxes in a Timely Manner May Impact a Taxpayer’s Eligibility for Bankruptcy Discharge Tax payers who do not pay their taxes on time run the risk of being ineligible for filing a bankruptcy discharge. There are … Read More

Posted in Uncategorized | Tagged , , | Leave a comment

Tax Problems Following a Divorce? Innocent Spouse Relief May Be an Option

There are a few advantages for married couples who file their tax returns in a joint manner, instead of separate filings. This is because of the many tax loopholes from the IRS that give relief to married couples. For example, … Read More

Posted in Uncategorized | Tagged , , | Leave a comment

1Tax Mistake Visa Residents Don’t Want To Make

Accidental American Status Can Lead to Huge Tax Liabilities While many people who come to the United States hope to become a citizen or permanent resident at some point, they must also remember the tax obligations that come with this … Read More

Posted in Uncategorized | Tagged , , | Leave a comment
Page 3 of 812345678