If you’re dealing with a tax debt you’ve likely seen advertisements about “settling your tax debt for pennies on the dollar” more times than you care to remember. These advertisements are about the IRS’s offer in compromise debt settlement option. The program is designed to help people settle their tax debt by paying a portion […]
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Each year the Internal Revenue Service (IRS) has the responsibility of collecting federal taxes from millions of Americans and making sure people follow tax laws. The IRS handles the processing of tax returns, collection of tax payments, and the distribution of tax refunds. In 2018, the agency collected around 250 million tax returns and distributed
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Ultimate IRS Audit Defense Guide: How To Protect Yourself From A Tax Audit Filing your taxes each year can be nerve-wracking. Did you take all the deductions you qualified for? Did you fill everything out correctly? Were there any math errors or typos? No one ever wants to be the subject of an IRS audit, but
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No one likes paying taxes. Giving up your hard-earned money at the end of the year, shortly after the expensive holiday season, isn’t anyone’s idea of a good time. However, all income-earning Americans are required by law to file a tax return each year and, if necessary, pay any taxes that are owed to the
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What To Do If You Get an IRS Tax Notice: Types of Notices & Dos and Don’ts for Taxpayers Tax time can often be a time of anxiety, uncertainty, and stress for individuals and businesses alike. If you have filed your taxes before, it’s likely that these feelings are all too familiar. This can even
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