Finding out that you owe a massive amount of unpaid taxes could be a huge financial blow. You may worry about criminal charges and jail time or the risk of the federal government garnishing your paycheck. Especially if there were numerous years where you underpaid...
If you owe the Internal Revenue Service a huge amount of money in unpaid taxes, it is possible to negotiate a discount and pay a lesser amount. You can do this by asking for an offer in compromise where the IRS can agree to settle for less than you owe. You must show...
Tax audits strike fear into the heart of most people. You do not need to be scamming the books to worry about one. Mistakes are always possible. A tax audit is not that likely 99.4% of individuals and 99.03% of businesses were not audited between tax years 2010 and...
The IRS has implemented its latest means to get individuals with "seriously delinquent tax debts" to pays their debts or enter into payment plans with the IRS - deny their passport application or deny renewal of their passport. The procedure was authorized by...
Tax Exempt organizations are reminded of the requirement to file their annual information returns by May 15, 2018, or risk having their federal tax-exempt status revoked. Many small organizations can file Form 990-n (the e-postcard) to meet their annual filing...
Time is running out for the extension to make portability election by surviving spouses of individuals who died after 2010. So far the IRS has been extremely lenient in allowing taxpayers relief for failing to timely make the required election to save any unused...
The IRS released information to assist taxpayers to determine if a person visiting their home or business and claiming to be from the IRS is legitimate or an imposter.Here is a copy of the Fact Sheet posted IRS Provides Tips on Determining If It's Really The IRS At...
