Filed under: Installment Agreements, Payment Plans, Tax Law Changes, Tax Lien, Tax News, Tax Settlements | Comments (3)
Last Thursday, IRS commissioner Doug Shulman announced a new set of initiatives to help taxpayers struggling to pay their taxes or pay off back taxes in this lackluster economy. Sometimes IRS enforcement actions (e.g. tax lien) can bury the taxpayer further which lessens not only their ability to climb out of the hole they are in, but [...]
Filed under: Tax Lien, Tax Settlements | Comment (0)
There are several reasons why a person might owe the Internal Revenue Service. This may include a financial hardship that hinders your ability to pay tax liabilities or failure to file your yearly tax returns. Regardless of the cause, when you find yourself on the receiving end of and IRS collection notice you have a [...]
Filed under: Installment Agreements, Tax Help, Tax Opinion, Tax Settlements | Comment (1)
So, you’ve entered into an installment agreement with the IRS and now realize that you are unable to pay, what do you do? First off, don’t panic or become discouraged- the economy is extremely volatile and tough economic situations are understandable- even to the IRS. Take a moment to consider your situation, and how you arrived [...]
Filed under: Tax Settlements | Comment (0)
If you find yourself in the unenviable position of owing the Internal Revenue Service (IRS) taxes and are looking for help in paying or reducing the taxes owed, use caution before enlisting the help of a company that offers tax relief services. The IRS is sometimes willing to negotiate taxes owed through their Offer In [...]
Filed under: Tax Help, Tax Settlements | Comment (1)
With so many types of tax professionals some people have a hard time understanding when each one can help them out. Although all tax professionals offer benefits, some are better for particular situations. It is imperative that you hire the proper person for the task that you are trying to accomplish.
Filed under: Payment Plans, Tax Settlements | Comment (0)
When you can’t pay your taxes on time or in full you have various options available to you. This year, more than ever, taxpayers are receiving tax bills that they are unable to pay. The IRS is well aware that there are situations that arise that will make it difficult for everyone to comply with [...]
Filed under: Tax Help, Tax Opinion, Tax Settlements | Comment (0)
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.
Filed under: Tax Law Changes, Tax News, Tax Settlements | Comment (0)
A couple days ago, the IRS extended their deadline for taxpayers with hidden offshore accounts to voluntarily come forward and report any account over $10k. This pushed back the deadline from September 23rd to October 15th, 2009. Remember, as a US taxpayer you need to file a tax return and report income whether working abroad, or if you own foreign equities or stock.
Filed under: Installment Agreements, Payment Plans, Tax Help, Tax Levy, Tax Lien, Tax Settlements | Comment (0)
If you have tax problems and are looking for professional help it is important to find a reliable tax company to help. There are many companies out there that can help, large and small. Both large and small companies have their benefits. Depending on what you are looking for in a tax company and what [...]
Filed under: Tax News, Tax Settlements | Comment (0)
The IRS obtains 4450 names in its civil tax settlement with UBS and permission to pursue other banks suspect of harboring tax evaders.