Did you file your tax return only to realize later that you made a mistake? Are you panicking now not knowing what to do and wondering what kind of consequences you could be facing? Relax, and take a deep breath. This happens more often than you might think and in most cases you can correct [...]

Tax Day 2012 is April 17th, but don’t let those extra two days to file lull you into a sense of complacency. The time to be preparing your taxes is now. Procrastination leads to last-minute rushing, and rushing leads to mistakes on your tax form. Whether you prepare your taxes by hand, use tax software [...]

The IRS received a budget increase from President Obama and congress to help with tax compliance earlier this year. The IRS is using those funds wisely.

The Oregon State legislature approved SB 880, on 6/29/09 that provides tax amnesty for state taxpayers and businesses with back taxes stemming from 2007 or later. Taxpayers who need to file or amend a tax return may complete and send in an application before the November 19th deadline (it started October 1st, 2009) in order to abate or remove penalties. Moreover, those who come forward will also benefit because the total interest amount due will be cut in half. The Oregon State Department of Revenue (ODR) states as well unfiled taxes return or tax returns that need to be amended must be filed before 1/19/2010.

Understand how you can prevent back taxes by reporting any winnings to the IRS from gambling, betting, raffles, lotteries and more.