So what happens when you choose to submit an OIC to the IRS? The short answer is that it’s not always an easy process. To that end, recently the Treasury Inspector General for Tax Administration (TIGTA) conducted an audit to evaluate how efficiently the IRS is...
Are you for Trump, or do you prefer Clinton? For many Americans it appears to be a choice between bad or worse. No matter who you choose, one thing is clear, most people will be ecstatic when this election finally over. It has been an all-out war since the candidates...
A lot of people have retirement accounts, which is always a smart thing to have. Most people also know that if they decide to withdraw funds early or take out a loan from 401k plans and IRA accounts they have to pay a penalty. However, in certain situations these can...
More than seven million people will earn money in the sharing economy by 2020, according to expert forecasts. Though the term broadly refers to short-term, part-time and/or temporary shifts, tasks or projects workers can take on at will to generate income, it extends...
As the people of Louisiana continue to deal with the trials and struggles of some of the worst flooding that the state has ever faced, there is a bit of good news for thousands of taxpayers in the affected areas. So far, at least 40,000 homes have already been...
Tax scams and the criminals behind them don’t take a break just because the annual tax season has officially ended. Here are five of the most popular tax scams that continue to victimize otherwise honest taxpayers, and how to avoid them. Fake tax returns filed under...
