Tax penalties are becoming a reliable source of income for the US government. They take in so much money in penalties each year that they include that number in forecasts for future revenue. The IRS knows taxes are complex and individuals will always make mistakes on their taxes and the IRS will always be able [...]

Have you ever wondered how much power the IRS actually has? The fact that the IRS is requesting quotes to buy sixty 12 gauge pump action shot guns for their Criminal Investigation Division should tell you how much power they have. Do they really need shotguns to enforce taxes? I can understand police using guns [...]

With recent decreases in tax revenues the IRS is stepping up collection efforts more than ever, so you can be sure that the IRS will collect from you what is owed. The IRS has created an automated collection system that ensures that they will get what they want. Because of this system the IRS is [...]

You would think IRS Commissioner Doug Shulman would file his own taxes, right? While this would make sense, on the other hand it is justified. Shulman has openly admitted that he does not file his own taxes because the tax code is too complex.
During a recent interview with “Newsmakers” on C-Span, Shulman had this [...]

With the economy in trouble and the housing market tarnished, the Feds are are once again toiling with the market. In 2009, with the American Recovery and Reinvestment act provided new home buyers’ with an $8000 dollar tax credit if they purchased their home before December 1st. Now Congress extended that tax credit to contracts [...]

With debt becoming a large problem not only for individuals, and businesses there has been a proliferation of debt management and debt settlement companies promising to reduce your liabilities by saving you thousands in interest and penalties. Moreover, many are even claiming to be tax experts or IRS tax professionals who can help you resolve the major tax problems you are having with the IRS or State.