Is EFTPS right for you?
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...
OIC Mistakes
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...
Applying for an Offer in Compromise
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...
When Should You Hire a Tax Professional?
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...
If You Can't Afford Your Tax Debt
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,...
How to Negotiate a Tax Settlement
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...
IRS Tax Payment Plans
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...
Help When Filing a Late Tax Return
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...
Failure to File or Pay Penalties
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...
W-4 Form (How to Fill Out)
November 12, 2013 by admin in category Taxes tagged as IRS document, W-4 FormFilling out a W-4 form can be confusing. The W-4 form is an IRS document that helps your employer decide how much of your paycheck should be taken out for taxes. While filling out a federal tax form can be intimidating, it is not as difficult as it may seem. Here is a breakdown of […]
0 0 Read moreHousehold Tax Organization
November 10, 2013 by admin in category Taxes tagged as Household Tax, Organization, taxesOrganize Your Household Tax Information Once and For All Does the thought of tax season stress you out? Of course it does. Taxes are not easy. That’s why there are CPAs and tax companies out there that have years of education and experience to do them for you. Of course, they are still very doable […]
0 0 Read moreCredit vs. Deduction
November 7, 2013 by admin in category Deductions tagged as Tax credits, Tax Deduction, taxesCredits and deductions are two ways you can receive money back from the IRS on your taxes. A tax deduction is a reduction in taxable income that lowers your bill in a percentage format, dependent on your tax bracket. These deductions are broken into broad categories such as medical expenses, state & local taxes, property […]
0 0 Read moreTax Evaders (Celebrities)
November 5, 2013 by admin in category irs, Taxes tagged as Celebrities, Martha Stewart, Nicolas Cage, O.J. Simpson, Richard Hatch, Tax Evaders, Willie NelsonMartha Stewart: In 2002 the homemaking queen was forced to pay $221,677.82 in back taxes on her East Hampton, New York, home. She informed the IRS that she shouldn’t have to pay taxes on that property because she rarely spends time there- all of her friends are apparently in Connecticut. Two years later she was […]
0 0 Read moreIRS Tax Liens
November 3, 2013 by admin in category Tax Debt tagged as Avoid Penalties, Experienced Professionals, Interest, IRS Tax LiensEach year the government expects a partial amount of your salary. If you get behind and aren’t able to pay taxes to Uncle Sam, you will find yourself facing IRS Tax Liens, enforced collection or repossessed assets. If you owe money to the government for taxes, then you may need help managing your debt and […]
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