Opening the mailbox and finding a letter from the IRS is frightening, but what happens next can be even scarier. The tax agency wields incredible power, and if they claim you owe additional taxes they have many different options for forcing you to … [Read more...] about What Can the IRS Do to Collect Back Taxes?
Taxes
Complying With Quarterly Estimated Taxes
Tax day is one of the most important—and one of the most dreaded—days on the calendar for working Americans. Although April 15 is usually the date that federal taxes are due, the Internal Revenue Service (IRS) extended the tax deadline in 2019 and … [Read more...] about Complying With Quarterly Estimated Taxes
4 Common Tax Return Mistakes That Can Get You in Trouble with the IRS
As tax filing season unfolds, many taxpayers are taking the bull by the horns and doing their own taxes. Though it may seem like good news for the individual taxpayer, it’s important to watch out for common tax filing mistakes. Tax preparation … [Read more...] about 4 Common Tax Return Mistakes That Can Get You in Trouble with the IRS
Tips for Finding a Qualified Tax Resolution Firm
Given how high the stakes are, it is surprising how little thought many people give to their taxes. All too often, individuals simply walk into a neighborhood storefront, hand over their most personal information and trust the person on the other … [Read more...] about Tips for Finding a Qualified Tax Resolution Firm
Key Things to Look for in a Tax Relief Firm
No one wants to be on the bad side of the IRS, yet that is where millions of taxpayers find themselves each and every year. As enforcement efforts ramp up at the IRS, the number of letters and communications landing in mailboxes is continuing to … [Read more...] about Key Things to Look for in a Tax Relief Firm
Tax Q&A: What’s a Notice of Federal Tax Lien?
A Notice of Federal Tax Lien (NFTL) is public record and is generally filed with the Parish Clerk of Court where you reside. It’s a formal notice to all your creditors that the IRS has a secured interest in your real and personal property. A federal … [Read more...] about Tax Q&A: What’s a Notice of Federal Tax Lien?
5 Things That Can Unexpectedly Raise Your Taxes
Proper tax planning is a year-round proposition. You cannot afford to wait until April to start planning your taxes and assessing your tax liability. Knowing which factors can raise your taxes is one of the best ways to keep more money in your … [Read more...] about 5 Things That Can Unexpectedly Raise Your Taxes
First Time Filer? Avoid These 9 Common Tax Filing Mistakes
Being an adult has its perks, from being able to rent a car and book a hotel room to the chance to earn a living and rent an apartment. But life as an adult also comes with some challenges, including the burden of filing and paying taxes. If this … [Read more...] about First Time Filer? Avoid These 9 Common Tax Filing Mistakes
What Do You Do If You Can’t Pay Your Taxes?
We know the story: things are tight financially, so you either (1) do not file the tax return, or (2) file the return but don’t pay the balance due. But don’t worry, you tell yourself, next year will be better. Now it is 2-3 years later … [Read more...] about What Do You Do If You Can’t Pay Your Taxes?
