IRS Tax Payment Plans
February 5, 2014 by admin in category irs tagged as IRS, Payment Plan, Payment Plans, TaxWhat 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 owing back taxes. By contacting the IRS, you can come to an agreement on a payment plan to take care of your liability. You can also […]
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January 26, 2014 by admin in category Tax Debt, Taxes tagged as IRS, offer in compromise, OIC, Tax Debt, tax payer, tax settlement, taxesOwing 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, […]
0 0 Read moreWage Garnishment Release
January 25, 2014 by admin in category irs tagged as IRS, Release, Wage GarnishmentHaving 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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January 13, 2014 by admin in category irs, Taxes tagged as Agreement Program, IRS, Online paymentWhat is the IRS Online Payment Agreement Program? Owing the Internal Revenue Service (IRS) money is not an occurrence that is all that rare. However, it is also not something that you want languishing for months and years, on end. Indeed, the longer that it is not addressed, the more money you will owe in […]
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January 4, 2014 by admin in category irs tagged as IRS, past due, paymentsDealing With the IRS on Past Due Payments You buckle at the knees every time someone knocks at your door because you’re afraid your mean old “Uncle Sam” is going to send the authorities over to haul you away. The penalty for not paying your past due taxes can range from a minor wrist-slap to […]
0 0 Read moreIRS recognizes same sex marriage
January 3, 2014 by admin in category irs tagged as IRS, same sex marriageSo what does that mean for their taxes? In August 2013, the IRS and U.S. Department of the Treasury ruled that same sex couples that had been legally married in a state that recognized their union would be considered married for federal tax filing purposes. Even if the state that the same sex couple resides […]
0 0 Read moreInnocent Spouse Relief
December 30, 2013 by admin in category irs, Taxes tagged as Innocent Spouse Relief, IRSWhat Is Innocent Spouse Relief? Spouses who are being held liable for their partner’s mistakes and shortcomings in filing taxes may be eligible for innocent spouse relief. The IRS normally goes after both individuals in a marriage if they filed jointly on their tax return. By signing the return, they both take responsibility for what […]
0 0 Read moreAvoid Tax Audits
December 24, 2013 by admin in category Avoiding Audits, irs tagged as Avoid, IRS, Tax AuditsTax Audit triggers With financial success comes respect, envy, luxury living and an increase in the odds that the United States Internal Revenue Service (IRS) will audit your return. Of all the things that can trigger a tax audit, making more than $200,000 per year is the most common. Of all tax returns filed in […]
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December 15, 2013 by admin in category irs, Taxes tagged as easonable Cause Assistant, First Time Abate, First Time Penalty Abatement, FTA, IRS, RCAWhat is First Time Penalty Abatement? Back taxes owed to the IRS can be overwhelming — particularly when additional penalties and accumulating interest factor into the equation. The IRS assessed nearly 40 million penalties totaling a staggering $27 billion against taxpayers in 2012 alone. Thanks to the little known First Time Abate (FTA) policy, however, […]
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December 14, 2013 by admin in category irs, Tax Debt tagged as IRS, Tax Debt, tax timeHow to Avoid Tax Debt Many people dread tax time. No one wants to give the government any more money than necessary. And no one wants to owe a big tax bill after their tax returns are filed. Owing money to the IRS causes stress for many. If your bill isn’t paid on time, you […]
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