The worst has happened, you’re the victim of a tax scam. What do you do now? Here are the 3 most important tips for taxpayers for after you realize you were a victim of a scam: Report the theft to your local police department and the Federal Trade Commission (FTC). The FTC will provide you […]
Just the thought of tax season can be extremely overwhelming. With so many variables to consider, it’s pretty common to make mistakes when you’re filing your claim. Here is a list of the Top 5 Mistakes that are commonly made and some tips for how to avoid them: Procrastinating: The last day to file your […]
It’s tax time, and just the thought of preparing taxes can be severely overwhelming. There are so many concerns and variables to consider when it comes to filing, it’s no wonder people find this time year full of stress and anxiety. The Number One Fear is… The most common fear, when tax season comes around, […]
The news is not good. Notices of federal tax liens reached an all time high in recent years at 965,000. IRS Tax levies soared to 3.4 million. With the U.S deficit spiraling out of control, collection of tax revenue is one of the quickest ways the government has to generate income. Combine that with the […]
An IRS offer in compromise is a legal agreement between the government and a taxpayer wherein the IRS agrees to take a lesser amount in settlement for delinquent taxes. Many taxpayers often wonder why the IRS would offer such a program. There are several reasons; however before we cover the rationale behind this second chance […]
