Tag Archives: Chicago Tax Relief

Four Things to Do if You Have Missed a Filing Deadline

Missing a tax deadline is an issue that a substantial number of people deal with every year. While it is probable that you will be assessed interest and penalties for your late filing, missing the deadline does not have to … Read More

Posted in Tax Law | Tagged , | Leave a comment

Need Your Passport, Pay Your Taxes

Unpaid Tax Debts? The IRS May Be Able to Revoke or Deny Your Passport in 2016 There have always been significant penalties for people who have unpaid taxes. However, the IRS is constantly taking steps to increase the punishments in … Read More

Posted in Uncategorized | Tagged , , | Leave a comment

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

Posted in Tax Law | Tagged | Leave a comment

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

Posted in Tax Law | Tagged , | Leave a comment

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

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

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

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
Page 1 of 212