Believe it or not, the tax season is already here. And whether you’re ready for it, or not, it’s time to start preparing to file your tax return. Here’s what you need to know to get ready. For starters, the tax season officially began on January 19th and it officially...
Are you in debt to the IRS? Being in debt is never good but when you owe money to the IRS things can get really ugly. People get behind in tax payments for a lot of reasons, but the IRS usually doesn’t care why you’re in debt. The agency just cares about you paying it...
It’s no secret that the IRS has a keen interest in collecting every last tax dollar that taxpayers owe. It doesn’t matter who or where it’s coming from. The taxman wants his money. This includes collecting taxes from money being stored overseas, which has long been a...
So now that the new tax reform bill has finally moved past the debate stage and it’s actually been written into the law, it’s time to start asking the important questions. And to be sure, there are a lot of questions. How will it affect the housing market? How will it...
Face the Problem Head on The first thing you need to accept is that you can’t keep running from your tax debt. You have to face it head on and get he situation under control. So don’t try to run from it, or hide from the IRS. You can’t trick the IRS either, but if...
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...
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