Celebrities who Ignored Tax Deadlines – Ignoring tax deadlines and failing to pay outstanding tax balances can have severe consequences. Interest and penalties accumulate over time and can amount to a significant financial burden. In addition, the IRS has the authority to use more aggressive collection techniques such as tax levies, tax liens and wage… Continue reading →
Taxpayers Have Rights Too!
Taxpayers Have Rights Too! – The IRS is a powerful collection agency and has the right to collect any tax amounts which are owed. However, taxpayers also have certain guaranteed rights and tax time is a good time to be reminded of what those rights are. In addition to the obvious guaranty of privacy, confidentiality and… 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 →
Beware of IRS Penalties at Tax Time!
Beware of IRS Penalties at Tax Time! Tax time is a good time for taxpayers to be reminded of some of the penalties that can be assessed by the IRS and State Tax Agencies for failure to comply with set deadlines for the filing of tax returns and the payment of tax amounts due. Since… Continue reading →
Tax Breaks You Don’t Want to Miss!
Many taxpayers pay income taxes in excess of what they actually owe by failing to take advantage of all of the tax breaks they can legitimately claim. The use of tax deductions to reduce taxable income and tax credits to reduce net tax liability can significantly reduce the total amount of income taxes owed for… Continue reading →
