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Is EFTPS right for you?

February 12, 2014 0

EFTPS stands for the Electronic Federal Tax Payment system. It is a free service provided by the United States Department of the Treasury to allow taxpayers to quickly and...

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OIC Mistakes

February 11, 2014 0

Mistakes to avoid while applying for OIC If you owe the Internal Revenue Service, an Offer in Compromise (OIC) is a legitimate way to settle the debt. The goal...

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Applying for an Offer in Compromise

February 10, 2014 0

Five Steps for an Offer in Compromise An offer in compromise is a tax settlement in which a taxpayer pays a sum that is less than the full tax...

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When Should You Hire a Tax Professional?

February 8, 2014 0

Dealing with taxes, especially debts owed to the IRS, can be a real headache. If you file incorrectly, you can wind up being asked to pay more than you...

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If You Can't Afford Your Tax Debt

February 7, 2014 0

5 Ways the IRS Can Help Tax time is stressful for most Americans, but even more stressful if you can't afford to pay what you owe right away. Thankfully,...

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How to Negotiate a Tax Settlement

February 6, 2014 0

If you've started your taxes and think you might owe the IRS more than you can afford to pay this year or owe back taxes from previous years, you...

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IRS Tax Payment Plans

February 5, 2014 0

What to Expect From IRS Tax Payment Plans Most people do their best to stay on top of their taxes. However, filing errors or financial difficulties could result in...

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Help When Filing a Late Tax Return

January 28, 2014 0

If the thought of April 15th is giving you shivers, you might be in a common situation, where you have to file a late tax return. Don’t be too...

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Failure to File or Pay Penalties

January 27, 2014 0

Forgetting to file your taxes or refusing the pay the amount that you owe in taxes can result in certain penalties. Depending on your actions and the situation, the...

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Wage Garnishment Release

January 25, 2014 by in category irs tagged as , ,

Having a wage garnishment put on your paycheck can be more than just a financial burden, as explaining the reasons behind your situation to an employer can be embarrassing and difficult. However, there are several different methods that can be undertaken to remove a wage garnishment. How to Release a Wage Garnishment If the garnishment […]

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Dealing with Tax Debts

January 24, 2014 by in category Tax Debt tagged as , , ,

When Taxes Go Unpaid At any given time, hundreds of thousands of Americans are struggling with tax issues. Both individuals and businesses frequently find they are delinquent in their taxes for any number of reasons. Individuals often receive notices they have underpaid their income taxes. Businesses encounter problems over payroll taxes and other taxes. While […]

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IRS Notices

January 23, 2014 by in category irs tagged as , , ,

Different Types of IRS Notices and What They Mean Going out to a mailbox and finding an enveloped marked from the Internal Revenue Service can be a disturbing experience for many people the first time. It might mean and audit, an investigation, a penalty, or something worse; usually the most negative possibility often goes through […]

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Celebrity Tax Evaders In The News

January 22, 2014 by in category Avoiding Audits, Taxes tagged as , ,

There are three things that tend to get people down this time of year. One is the fact that the holidays are done, all the pretty decorations are gone, the hustle and bustle over, it’s a huge mental and physical crash, if also something of a relief. The second is that seasonal affective disorder (SAD) […]

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Six Tips to Write Off Your Donation

January 21, 2014 by in category Deductions tagged as , , , ,

Making a charitable donation, of cash or goods, is an excellent way to reduce your tax burden. The IRS rewards your generosity to worthy organizations with the ability to deduct the amount, or value, of your donation. To make doing your taxes a breeze, and to ensure you get to deduct every donation possible, you […]

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What Are Advance Notices?

January 20, 2014 by in category Taxes tagged as

It requires elaborate planning to have a successful and trouble-free life. This could be in terms of carrying out business transactions or engaging with firms that provide some essential services. It is in this regard that advance notices become essential. Advance notices refer to instructions of an upcoming event or obligation such as the arrival […]

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What is the Child Tax Credit?

January 19, 2014 by in category Taxes tagged as

As wonderful as it is to have children and expand your family, it can be very expensive to take care of them. While nothing can replace the thousands of dollars you spend each year, the government does offer you some leniency in the form of the Child Tax Credit. And the more children you have, […]

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Negotiating your Tax Debt

January 18, 2014 by in category Tax Debt tagged as

Essential tips for negotiating with the IRS It can be an overwhelming experience to deal with an agency like the IRS but there are some things you can do to navigate that experience successfully. It is important that you open the letter as soon as it comes, and contact them immediately. To quote the IRS […]

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State Taxes (Comparision)

January 17, 2014 by in category Taxes tagged as

State Taxes – No Geographic Rhyme or Reason New York State’s national television ad campaign, which aired for the first time during the 2013-14 NFL playoffs, raised some interesting questions. The purpose of the ad was to encourage people to move their existing business or start a new one in New York State. The bait […]

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What Is the Internal Revenue Code?

January 15, 2014 by in category Taxes tagged as ,

Simply, the Internal Revenue Code is the compilation of defining law governing taxes levied on the citizens and businesses in the United States. But, there is nothing simple about it; in truth, the “Code” does not even include all governing statutes. Provisions that deal with bankruptcy and the judiciary, are contained in other documents. Additional […]

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