In recognition of the huge, long term negative effects a Tax Lien has upon taxpayers, the IRS has announced that it will initiate a series of new policies and programs to help taxpayers pay back taxes and avoid tax liens. Read on for more information.
The Blog
A Successful Offer In Compromise – $74,000 IRS Problem Settled at a 95% Discount.
The IRS does not accept offers in compromise to everyone. However for those that meet the qualifications, this tax settlement program can be life changing. Here is the story of one Professional Tax Resolution Client’s journey to tax relief.
Survey Finds Financial Stress of Employees is Decreased
According to a survey by workplace financial education provider Financial Finesse, roughly 34 percent of employees reported having high to overwhelming financial stress in 2009. Since then, the percentage has dropped significantly to 21 percent in the first quarter of 2011. Financial stress was reported as higher for woman than men. While 9 percent of… Continue reading →
Tax Preparation May Become Easier for Seniors
Many seniors have limited forms of income, including social security or retirement benefits. However, the current IRS tax form 1040EZ does not include lines for these sources of income. Therefore, seniors must file the much more difficult form 1040 and its schedules. This makes filing taxes even more dreadful for the elderly. To help with… Continue reading →
Tax Debt Can Start with a Small Mistake – Tips to Avoid the IRS Debt Cycle
Tax Debt can develop from a simple mistake or unreported item on a return. The IRS takes time to find errors and yet penalties and interest accrue during that period. Here are some simple steps to help avoid making some common Tax Filing mistakes.
Case In Point-Hiring A Qualified Professional To Handle Your Tax Settlement = A Good Investment
Hiring a qualified tax professional can seem like a bit of an investment. However by representing yourself before the IRS or State Tax Board small mistakes or assumptions can cost you even more time and money. This case study is a real world example.
