Category: Taxes

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Is EFTPS right for you?

February 12, 2014 by in category Taxes tagged as ,

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 easily make tax payments online. Electronic funds transfers from your bank account can be scheduled 24 hours year day, 365 days per year. Why does EFTPS […]

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When Should You Hire a Tax Professional?

February 8, 2014 by in category Taxes tagged as

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 actually owe. If you can’t afford to make your IRS payments, you can start a spiral of debt that you will never be able to pay […]

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How to Negotiate a Tax Settlement

February 6, 2014 by in category Taxes tagged as , ,

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 may be able to get help to pay off your tax debt. The IRS is one of the strictest creditors and has far more power than […]

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Help When Filing a Late Tax Return

January 28, 2014 by in category Taxes tagged as ,

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 worried. If you handle it correctly, it can be perfectly okay to file a late tax return. However, the situation does require some serious consideration. Here […]

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Tax Settlement and Tax Debt

January 26, 2014 by in category Tax Debt, Taxes tagged as , , , , , ,

Owing back taxes and tax debt can be one of the biggest bothers, something that is often unforeseen. While it certainly can be an unwelcome and unpleasant situation to be in, it can always be worse, and definitely is not the end of the world. No matter how much tax debt you find yourself in, […]

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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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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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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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