A Notice of Deficiency is a formal written claim by an agency that you owe income taxes with interest and penalty dues. The Notice of Deficiency also explains that an assessment is being calculated in regard to your income taxes owed. A Notice of Deficiency is also referred to as a “ninety day letter”; because… Continue reading →
IRS Audit Facts | Interesting Infographic
This infographic presents a visual story of how to avoid an IRS Audit. Over a million people just like you get audited each year. Are you at risk of an audit? Find out now.
IRS Tax Return System Is Not Able to Retire Yet….
The Internal Revenue Service is not ready to retire the legacy e-file system. The e-file system became operational nationwide in 1990 and transformed the way taxes were filed. The e-file has proven in its time to be win-win for everyone. The taxpayers get their refunds by as fast as 10 days. Or, they have payment options to file… Continue reading →
Tax Break for Homeowners About to Expire
Time is running out on a tax break that is aiding troubled homeowners from paying thousands of dollars to the IRS. The Mortgage Forgiveness Debt Relief Act of 2007 will need to get extended by Congress by the end of this year or many homeowners will owe the IRS money. These homeowners would have to… Continue reading →
Warning! Please Beware of Fraudulent IRS Tax Website
The United States government is alerting the public about a phony Internal Revenue Service site. The government is worried that the site may con people into disclosing personal and private information. Officials have stated that this website has been created to look like an IRS e –Services on-line registration page. The fake site’s URL address… Continue reading →
IRS Installment Agreements
If you owe back taxes to the IRS an installment agreement is one of the most common methods used to make payments to the IRS. A monthly general plan is usually the simplest way to set up an arrangement to pay off any taxes owed to the Internal Revenue Service. Even if you are filing your taxes… Continue reading →
