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Dec
27
Top 5 IRS updates coming in 2023
As we approach the end of a bumpy 2022, it’s important for taxpayers to stay informed about the latest updates from the Internal Revenue Service (IRS) and how they can help position themselves f...
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May
07
Disclosing Foreign Assets: When and What to Report
Nowadays, you can perform international business with the click of a mouse. You can make money investing in a factory or in businesses overseas, sure. But you must disclose your profits and assets to the IRS. If you’re disclosing foreign assets...
Apr
30
IRS Appeals an Option for Tax Disputes
Experiencing an IRS audit is bad enough. But what if the outcome is so one-sided that you just can’t accept it without putting up a fight? That’s where an appeal comes in. The IRS has an appeals branch that gives taxpayers an opportunity ...
Apr
15
IRS Installment Plans: What You Need to Know
Not being able to pay your taxes before the April 15 deadline is inconvenient. Not only does the back tax debt stick around longer, it can also increase due to interest and penalties. But letting your back tax debt stick around isn’t the only o...
Apr
09
What Do I Do if I Can’t Pay My Taxes?
The end of tax season is near. While some may soon be delighted to receive a substantial refund check in the mail, others won’t end up so lucky. They may find themselves asking, “What if I can’t pay my taxes?” Tax filings brin...
Apr
03
How To Handle An IRS Lien on Your House
A home is typically the pinnacle of one’s success. After reaching the American Dream and making it in a competitive marketplace, the bulk of one’s life savings are made into a home’s down payment and mortgage payments. So when the I...
Mar
25
The IRS Levied Your Bank Account. What Next?
So you’ve run up some back tax debt with the IRS. It may not seem like a big deal at first, but the IRS is the one creditor you’ll want to steer clear of. The law is on the IRS’s side when it comes to collecting back tax debt. There...
Mar
19
4 Ways to Avoid a Tax Audit Today
Getting audited by the Internal Revenue Service is nothing to write home about. Not only do you have to open your books to an IRS agent, you might have to hire a tax attorney to keep that agent at bay. But staying out of the IRS’s radar is key ...
Mar
11
Your Options for Dealing with Back Tax Debt
Sometimes financial situations can get messy and the resulting back tax debt can add up and get really large, really quickly. When that happens, the Internal Revenue Service will take any and all actions to get its hands on what it says it’s ...
Mar
04
How To Remove an IRS Wage Garnishment
Running up back tax debt can lead to a host of problems with the authorities. Your assets, like cars and boats, can get seized by government agents and sold to the highest bidder. But your future economic livelihood can also be seized by the IRS thro...
Feb
18
Tax Tips for Newlyweds You Need to Know
Tying the knot can be a wonderful experience for some, or a past life event that’s better forgotten for others. But no matter one’s romantic status, if and when taxpayers tie the knot the tax ramifications shouldn’t be ignored. Gett...
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