The Tax Debt Debate – One interesting provision of the Tax Extenders Bill that is currently stalled in the United States Senate is the privatization of tax debt collection activities. The Tax Extenders Bill, which is unlikely to be voted on again this month, contains a clause that suggests turning delinquent tax accounts over to private collection… Continue reading →
IRS
Tax Fraud Phone Scams on the Rise!
Tax Fraud Phone Scams on the Rise! – Although the 2014 tax season is officially over, it appears that tax scams are actually on the rise. In fact, just days after April 15th tax filing deadline, the IRS issued a warning alerting taxpayers of a phone scam that is the largest one of its kind… Continue reading →
Taxes Are Due – Better Late Than Never!
Taxes Are Due – Better Late Than Never: The old saying “Better late Than Never!” applies to the filing tax of returns just as it does to most other aspects of life. With the April 15th tax deadline on the horizon, many taxpayers are rushing to file either a completed tax return or a request… Continue reading →
Avoiding an IRS Tax Audit
Avoiding an IRS Tax Audit: It is important to realize that receipt of an IRS Notice announcing that a tax return has been selected for an audit does not necessarily mean that there is an error on the return or that the IRS suspects the taxpayer or business submitting the return has done something dishonest. An… Continue reading →
Waiting for a Tax Refund?
Waiting for a Tax Refund? It is tax time and many taxpayers who have already submitted their 2013 tax returns are now anxiously awaiting a refund. If you are one of those individuals, the good news is that you can check the status of your refund using the Get Your Refund Status tab on the home… Continue reading →
Tax Time – A Good Time to Resolve Back Tax Balances
Tax Time – A Good Time to Resolve Back Tax Balances: Tax time is as good a time as any to resolve back taxes issues. Paying or settling back tax balances at the same time as filing current returns starts the new tax year off with a clean slate and avoids the escalating consequences that… Continue reading →
