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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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Feb
10
Facebook IPO Will Be a Tax Boon
With 800 million users across the world, Facebook is perhaps one of the most successful websites the Internet has ever seen. And when the Menlo Park-based company goes public, the site borne in a dorm room is set to have major tax implications after ...
Feb
08
Rafael Nadal Caught in Tax Volley
Everyone hates paying taxes, and even the world’s No. 2 tennis player is no exception. Rafael Nadal, the 25-year old Spanish tennis sensation, offered a mea culpa after a Spanish website reported that the Australian Open finalist had set up several...
Feb
06
Determining Whether Your Canceled Debt is Taxable
Sometimes we get lucky and that big balance we owe is written off by a forgiving creditor. Or, possibly, waived through a sophisticated legal process with the help of a tax attorney. Now you have canceled debt. Canceled Debt: Is It Taxable? But when ...
Jan
31
Federal Workers Owe IRS Billions
Did you enjoy paying your income taxes last year? Looks like thousands of federal employees decided that last year’s April 15 wasn’t for them. A recent IRS report announced that 279,000 federal workers and retirees owe Uncle Sam more than $3.4 bi...
Jan
28
Taxpayers Stiff Uncle Sam Out of Millions
Taxpayers stiffed Uncle Sam $450 billion just 6 years ago, and the IRS is aiming to stop it. Taxpayers: Nearly $450 Billion Unpaid in 2006 The IRS announced that Americans underpaid their taxes by that massive figure in 2006, with the nation’s nonc...
Jan
25
Romney Releases Tax Records After Criticism
Running for President of the United States requires you to be 35 years old and a natural born citizen. But nowadays, you better be able to reply to the media’s and other candidates’ requests to “show me the money.” Current presidential candid...
Jan
21
Tax Relief Review: David H. from California
StopIRSDebt.com worked with the IRS Appeals division to lower the client’s $3,500 monthly payment plan down to $1,467 per month, thus reducing the client’s liability in half...
Jan
20
Income Tax Changes on the Horizon
The IRS announced new income tax changes affecting taxpayers for 2012, and you’re more likely to notice them compared to recent years. Personal exemptions and deductions will rise, and tax brackets will expand, all because of inflation. Income Tax ...
Jan
17
Breaking: IRS Announces 2012 OVDI
After collecting more than $4 billion over the past 3 years from taxpayers with unreported overseas accounts, the IRS is giving taxpayers yet another opportunity to come clean. It’s called the OVDI. Due to the successful initiatives in 2009 and...
Jan
09
States Change Tax Laws for 2012
It’s a new year, and that means new tax rates in various states. While they don’t have authority over the behemoth agency known as the IRS, state legislators are always sticking their hands in their state’s tax laws. As the states c...
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