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How to Reduce Your $10,000 Plus Tax Debt in 5 Steps or Less

Before hiding your IRS letter about your $10,000 plus bill or simply paying, you can try to reduce your debt to a more manageable amount. There are several tax relief programs offered by the IRS for which you may qualify that can reduce your debt by a significant amount and may even leave you with […]

By |December 2nd, 2015|IRS, Tax Blog, tax debt|11 Comments

Got Tax Debt? You May Find Your Passport Cancelled

Living with federal tax debt leads to stress, fear, and financial difficulty, but you can still enjoy a vacation abroad to get away from it all. However, if a new bill becomes a law, then you may have to put that vacation on hold. A proposal attached to a highway bill aims to allow the […]

By |November 30th, 2015|IRS, Tax Blog, tax debt|0 Comments

What to Expect from an IRS Tax Audit

Most people live in fear of receiving a letter from the IRS informing them that they have been selected for an audit. However, you do not necessarily have anything to fear from an IRS audit. Most people who have been selected for an audit are done so randomly based on an entirely statistical […]

By |August 31st, 2015|IRS, IRS Audit, Tax Blog|0 Comments

I Forgot to File My Taxes Last Year. What Will Happen to Me?

Although you have plenty of reminders every April to file your federal income tax, it can be easy to forget. Approximately 7 million taxpayers omit to file their return every year, whether on purpose or by accident. If you are one of the roughly 5 percent of the population that failed to file, you may […]

By |August 28th, 2015|IRS, Tax Blog, tax debt|0 Comments

The IRS Issues New Warnings About Tax Scams

The US Department of the Treasury and the IRS recently issued new warnings to taxpayers about various scammers posing as the IRS, which may be in the form of a phone call or email stating you owe money or asking you to update your information. Many of these approaches appear very legitimate, which has led […]

By |August 21st, 2015|IRS, Tax Blog|0 Comments

More Taxpayers May Benefit from an Offer in Compromise

An Offer in Compromise attracts many taxpayers who owe a significant amount of money to the IRS. This tax relief solution allows you to pay the IRS a one-time bulk payment fee that fits within your means, and the IRS forgives the rest of your tax debt. This tax resolution option may be highly sought […]

By |August 14th, 2015|IRS, Tax Blog, tax debt|3 Comments

Could Your Tax Debt Be Outsourced?

You may think that your debt is out of control, but it most likely pales in comparison to that of the federal government. With their spending habits, the government is continually trying to find ways to make money, including potentially outsourcing certain actions to the private sector. A popular idea that continually resurfaces is outsourcing […]

By |July 29th, 2015|IRS, Tax Blog|0 Comments