Understanding the IRS Fresh Start Program

April 15, 2017

No taxpayer likes getting on the wrong side of the Internal Revenue Service. After all, the penalties for falling behind on IRS tax obligations can be severe, and may include collection methods such as garnishments, tax liens, levies, and even criminal sanctions.  The Fresh Start program, an initiative first announced in February 2011, is a…
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Negotiating Back Taxes with the IRS

February 22, 2017

Over the last few years, the Internal Revenue Service has been more agreeable to installment agreements and other ways of working out late tax payments. Not everyone, though, can negotiate with the IRS. The IRS can be selective as to which debt they will negotiate, and so a taxpayer must meet certain criteria to be…
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5 Common Tax Mistakes that Small Businesses Make

December 15, 2016

Small business owners all too often don’t fully understand the tax advantages and write offs they have available to them. They also often make mistakes that wind-up costing them if they ever get audited by the IRS. Below are five some common tax mistakes that could save your business money or prevent you from getting…
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What Properties Are Exempt From Seizure?

December 8, 2016

Are you behind on paying your taxes? Taxpayers who are unable to pay their taxes can expect to receive a series of notices in the mail, accompanied by a detailed set of instructions outlining their taxpayer rights. Exemption issues can generally be resolved easily, but taxpayers with large balances on their returns can eventually face…
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What If I Haven’t Filed Taxes in Years?

November 24, 2016

Every year, millions of individuals—roughly 5% of all taxpayers—fall behind on filing taxes for various reasons. The reality, however, is that failing to file a past tax return can have serious consequences—such as the IRS levying your bank account or wages or filing a federal tax lien against you. If you haven’t filed your taxes…
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What You Need to Know if You Get a Letter in the Mail from the IRS

September 6, 2016

Every year, the Internal Revenue Service sends out millions of letters and notices to taxpayers across the country. Did you receive a letter from the IRS in the mail? Here are some important tips to keep in mind: Stay calm. Your first instinct may be to panic when you receive mail from the IRS, but…
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What Happens If I Miss the Tax Deadline?

August 26, 2016

At some point, most people have been tempted to delay the tedious task of paying taxes at least once in their lives. Did tax season slip your mind completely? What happens if you didn’t file your taxes this year? There are several things you need to know if you file your taxes late. The first…
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How Do I Stop the IRS From Seizing My Property?

August 9, 2016

The IRS utilizes various tools and collection activities to collect unpaid taxes, such as a tax levy. Examples of tax levies are the seizure of wages, bank deposits, commissions, tax refunds, homes, cars, and other assets with value. The most drastic and uncommon form of tax levy is the seizure of the taxpayer’s property or…
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What Happens If You Die While in Tax Debt?

July 28, 2016

As much as you may not want to think about it, death cannot be avoided. But what happens to the debt of the deceased? Will you, for instance, be held responsible for your parents’ debt after they die? Is it possible to pass on your own debt to your children? When you pass away, your…
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Should I File My Taxes If I Can’t Pay Them Anyway?

January 29, 2016

Do you owe money to the IRS? Should you file your tax return even if you don’t have the money to pay for it? While you may not have the cash to pay for your taxes, you also shouldn’t ignore the problem completely—because it won’t go away. If you are unable to pay your taxes…
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