More and more taxpayers are paying their taxes electronically due to the number of available payment options. While each option has its pros and cons, depending upon the taxpayer’s needs, the options are safe and secure and give the taxpayer a streamlined way to pay taxes.
Comments closedCategory: IRS Problems
The Obamacare deadline is just days away, on February 15, 2015. Make sure that you have your insurance and visit either the federal or state exchange.
Comments closedAccording to a new report from the IRS Taxpayer Advocate, taxpayers can expect slower service from the IRS. It has never been easy or efficient to deal with the IRS but, in a time of reduced budgets for the agency and increasing returns to deal with, it looks like it will continue to deteriorate.
Comments closedOwning and operating a business is a challenge under the best of circumstances but each new year brings new changes in laws and a flurry of compliance requirements. Make sure that you know what your legal and compliance obligations are, create a calendar to track and remind you and make sure it is all done on time.
Leave a CommentThe Mortgage Forgiveness debt Relief Act of 2007 is expiring at the end of 2012 which means that homeowners may owe taxes on the amount of debt that is forgiven as a result of foreclosure.
Leave a CommentThe IRS has released a draft of the new estate tax form.
Comments closedIt looks like there is a downside to being wealthy: tax audits. The more you make, the more likely it is that you are going…
Comments closedThe IRS has only 10 years to collect a tax debt. The 10 years is counted from the date of the assessment (not the tax year) and the statute is extended if a taxpayer pursues any number of strategies.
Comments closedIf you receive a notice from the IRS, the Department of Revenue or any other government agency for that matter, DO NOT IGNORE IT. These…
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