Do you fully understand the benefits of working with a tax resolution company? A proper understanding of what a tax resolution firm can offer is crucial to determining whether or not to hire one. While you may be able to handle your tax problem on your own, there are some issues that require the help of a tax professional to ... Read More
Tax Blog
What Should I Do If I Received a Letter from the IRS?
For most people, receiving a letter from the IRS seems like a nightmare. Receiving a letter from the IRS does not mean for certain that you are in trouble; for example, if your refund check is enclosed in the letter, you will more than likely be happy and relieved. However, anytime the IRS contacts you, there is a good ... Read More
What Can I Do If the IRS Garnishes My Wages?
If the IRS chooses to play hardball over an outstanding taxes owed or other tax-related problem that you've made no attempt to address, your wages may be garnished. It is very important for you to be aware of your rights and to know your options if the IRS garnishes your wages, as it makes more sense to work out a solution with ... Read More
What If I Did Not File My Taxes?
If you missed the tax filing deadline, you should still file your tax return in order to prevent costly legal and financial punishment from the IRS. While missing a tax filing deadline is not the end of the world, there are a number of negative consequences to be aware of, such as the penalties that you may incur for not paying ... Read More
What Should I Look For in a Tax Settlement Company?
When seeking the help of a tax settlement company, it is important to be absolutely sure of what you want and the type of help you need so that you can narrow down what you are looking for. Understanding what to look for in a tax settlement company makes it much easier to find the proper assistance, and subsequently resolve your ... Read More
Notice of Federal Tax Lien: What This Letter Means & What to Do
If the IRS has sent you a Notice of Federal Tax Lien, the worst thing that you can do is ignore it. A Notice of Federal Tax Lien should be taken very seriously. There are many things that can happen as a result of receiving a Notice of Federal Tax Lien, and if you are not aware of what this letter means for you, how to address ... Read More
6 Warning Signs That Your Tax Preparer is a Fraud
It's tax season and for millions of Americans, that means tracking down a professional to help them with their return. If it's your first time doing your taxes or you're planning on using someone different than you have in past years, you need to make sure you choose a trustworthy individual to handle the job. Tax scams occur ... Read More
4 Ways to Get Your 2014 Tax Return Prepared for Free
April 15th is still a few months away but it's not too early to think about getting your taxes done. If you've got a fairly simple return, you might be comfortable doing it yourself but when your filing is a little more complicated, it's probably time to call in professional help. Hiring an accountant or another tax specialist ... Read More
IRS Increases Standard Mileage Rate for 2015
Using your vehicle for business purposes can add up to a big deduction at tax time if you're able to write off some of the cost. Taxpayers can choose between using the actual expense method or the standard mileage rate to figure out how much the deduction is worth. Since claiming actual expenses tends to be a little more ... Read More
Why the 2015 Tax Season May Mean Headaches for Filers
Many taxpayers see their stress level spike as the April 15th filing deadline gets closer, especially for those who are scrambling to get their return completed on time. A number of tax law changes that took effect this year may cause confusion for certain filers but it looks like there may be even bigger problems on the ... Read More
