Having your debt reduced or cancelled is one of the best things that could happen in your life. You record will be cleaned, and you no longer will have the burden of all that debt hanging over your head. Often, people do not realize that if they're not careful, and don't prepa...

You have rights to ensure that you will be justly treated no matter what your IRS problem is. To be safeguarded during an IRS audit, you have to understand what your rights are. You have the right to an explanation of what's going on and what is going to happen in an audit pro...

In case you ever get audited, it is best to save your tax records, instead of throwing them out. Unfortunately, this can result to keeping more documents and papers than you really have to save. But most people have absolutely no clue whatsoever when it comes to knowing how lo...

People know that those who have been through IRS problems have gone through a great deal of trouble, to say the least. Although some of these stories seem outrageous, the fact is, they actually happened. The IRS is really strict in implementing its collection methods on those...

As an American citizen working in another country, you have to understand that the US government obligates you to pay taxes. If you don't know how, you'll see that it is a rather simple process. To steer clear of IRS problems, filing is certainly a much better option.Numerous...

There is a horror story that each tax professional can tell about errors committed by the IRS on someone's tax record. As a matter of fact, most IRS mistakes cost or involve virtually thousands of dollars. The total figures are quite substantial when added up. In the year 1986...

The IRS only needs you to pay, no matter how much you owe. As a rule, you must determine if the IRS is open to negotiation to settle on a compromise. The Offer in Compromise enters in this situation. It is not that easy to solve your IRS issues, though.You should not have any...

It's quite a serious case, dealing with tax issues and IRS problems. It is in the best interest of each person to pick an honest, knowledgeable, and experienced IRS tax attorney. However, many people do not seek assistance until they're already in trouble and it's too late.One...

You can do anything you want to accomplish as soon as you're retired. But penny-pinching where possible is a necessity because you will be living on a fixed income. The taxes you pay the IRS are no exception. You can either claim every possible deduction that you can claim leg...

There are a number of tax deductions available but many people don't take them because they don't have any idea that such exist. Oftentimes, they learn about those deductions only when it's already too late. It's understandable that they don't know about them simply because th...

Apparently, one of the best reasons to give a charitable donation is because when you give, you actually get something in return for your efforts. There is that general good feeling or natural high you might get from simply knowing that you helped someone out that day. If thes...

People have the tendency to file their taxes in the same manner that they have done so in the previous years. While this is a good thing as the ultimate goal of this endeavor is to have taxes filed, people may want to explore other ways of filing their tax returns. Various met...

It's natural for people to try to claim as many deductions on their yearly tax returns. It's understandable that they do not want the IRS any more than they actually have to, and that they want to pay less as much as possible. However, there are some tax deductions that have e...

Many people spend a a considerable part of their time searching for strategies and trends in the market that will help them earn more money at a faster way. Sometimes, too much focus is spent on this task that people forget the fact that the more money they earn, the more will...

Whether you have a traditional business where transactions occur primarily offline, partially online, or completely online, youo'll need to file your taxes. When it comes to tax season, you are in the same situation with other types of businesses. You're still required by the...

Any taxpayer will be happy to learn what will get the attention of the IRS enough for them to subject you to an audit. For some time now, a large percentage of the tax returns are processed by IRS computers. These programs simply pick out those that are not within the statisti...

If you haven't filed your taxes in a few years, you are probably hearing the horror stories that other non-filers have experienced. Penalties, fines, and even jail time are but few of the consequences for not filing your annual taxes. In fact, you are probably experiencing som...

Your experience of filing taxes for quite a number of years does not assure that you are already an expert in taxation. The fact is, it's nearly impossible to be updated with the tax code because it undergoes amendments almost yearly and there are specific codes for almost all...

That many people in the United States actually overpay their taxes is common knowledge. Many people disagree with this scenario as this is like giving away your hard-earned money. Fortunately, there are steps to take to refrain from getting into this situation. More so, having...

People often discover that they owe the IRS a large amount of tax only after the annual tax return is filed. The problem is, they have inadequate funds to pay for the entire tax dues. Good thing that this kind of IRS problem is made much more manageable because of the availabi...

Many people contemplate on the probability of outrunning their tax debts. Will there ever come a time when the IRS is no longer allowed to collect money from you? Is there a statute of limitations on IRS tax debt? Fortunately, the answer is affirmative. Indeed, the IRS only ha...

They are people, too - IRS auditors. Indeed, they might seem like they're merciless and cold. However, they also make mistakes. If they made a mistake and won't consider the proof you present, you might need to take the IRS to court. So now what? What court do you take them to...

The primary method of making tax payments is through payroll withholding in America. The Internal Revenue Service uses a fraction of the money taken out from your paycheck as a credit towards your tax liability. So that you do not overpay the IRS, you should correctly fill out...

For numerous taxpayers working and living in America today, among the worst fears is to be part of an audit by the Internal Revenue Service. Taxpayers usually have thoughts of levies, fines, penalties, and the mother of all punishments, being put in jail for tax issues. An IRS...