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Richard Close - EzineArticles.com Expert Author
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- Tax Tips For Freelance Workers - Know Your IRS Advantages and Finally Get Ahead
[Finance:Taxes] Being a freelance worker actually gives you tax advantages other professions don't have. You are in control of your tax situation and you can reduce current income by any losses you have from freelancing. But don't get careless with that power.
- Retirement and Taxes - How to Stop the Tax Machine During Your Retirement Years
[Finance:Taxes] There's a way to retrieve tax-free income after you retire. Very few people know about a unique retirement plan that an save you thousands of dollars. But don't think it'll be easy to use this plan. There guide to the prize is a confusing maze.
- IRS Tax Debt - Know the IRS's Top 5 Surprise Attacks and Stay Out of IRS Debt
[Finance:Taxes] The IRS loves to strike without warning. All skilled predators share that trait. It's hard to defend yourself against the jaws of the IRS when you're unprepared. A big percentage of people who receive the IRS's "Final Notice and Intent to Levy" letters in the mail had not idea they were even in IRS Debt. Avoid the fast downward spiral of IRS Debt.
- IRS Tax Debt - The Top 5 Tax Mistakes - Get the Facts and Stay Out of IRS Debt
[Finance:Taxes] People learn form their mistakes. Maybe you decided not the pay your taxes. Found out the hard way that it's not a good idea, didn't you? But if you're lucky and you've managed to avoid IRS debt this long, it helps to know the top five mistakes you can make that will get you in debt.
- IRS Is Cracking the Whip on Tax Evasion - Not Even Helio Castroneves Can Dance Away From Tax Debt
[Finance:Taxes] The IRS is impartial. They don't care if you're famous or rich. If you're trying to avoid paying taxes, they're going to catch you. And when they do, the penalties will be fierce. Recently, Dancing with the Stars Winner and famous Race Car Driver Helio Castroneves has been charged with conspiracy and six counts of Tax Evasion for failing to report income to the IRS.
- IRS Tax Issues - The Lowdown on IRS Small Business Employment ID Numbers
[Business:Small-Business] Small Business and the IRS always clash. You have small, middle class Americans in the right corner, and the biggest collection agency there is in the left corner. Who do you think has the clear size advantage? The only way to get ahead is to arm yourself with knowledge and make sure you don't make a small mistake.
- IRS Tax Issues - New Tax Law Lets Small Business Owners Get a Tax Break
[Business:Small-Business] It's hard to get ahead. Sometimes you need a side business. Most independent workers don't have just one business. Hairdressers also own nail salons, photographers own frame shops and journalists may offer resume building services. The possibilities are endless. But you have to watch out. No matter how many businesses you operate, the IRS needs to know how much money you're making from each. You have to watch your back and make sure you report everything correctly.
- IRS Tax Debt - Fraudulent Tax Filing Can Send You to the Jail Cell
[Finance:Taxes] Getting Cocky: Go ahead, go crazy with your Tax Filing. That's what everyone says. Claim your new pool as a "Business Expense" and Claim Dependants you don't have. Think about it. Does it really sound like a good idea? Do you really think you can get away with that?
- IRS Tax Issues - Answers to Your Refund Questions
[Finance:Taxes] Pay up! You want the IRS to give you your tax return when it's due. After all, the IRS is pretty punctual when you owe THEM money. So why is there a hold up when it comes to getting YOUR money back? It's not fair, but that's the way it works.
- IRS Tax Debt - Can't Pay the IRS in Full? Learn How to Pay Monthly Instead
[Finance:Taxes] Once you're in tax debt, it's hard to get out of it. Interest and penalties will accrue on your account every month. For every month you continue not to pay, your debt will grow. So why do you keep putting it off? You don't have to pay your debt in full.
- IRS Tax Debt - Income Dropped? Two Ways to Get Out From Under Tax Debt
[Finance:Taxes] There's no jobs out there. Even if you're a college graduate, the pickings are slim. More and more people are having to settle for low income jobs until something better comes along. So what can you do when your pay is low and your IRS debt is huge? First, don't panic. And Second, stop ignoring it. There are still solutions for getting your huge Tax Debt off of your back.
- IRS Help For Musicians - Learn Your IRS Advantages and Land Your Big Break Part II
[Finance:Taxes] In Part I of this article, I discussed tips for proving your music is your business and not just your hobby. As well as the proper way to file when you are claiming business expenses. But now you probably want to know exactly what you can deduct.
- IRS Tax Debt - Learn How to Fix IRS Tax Errors and Save Thousands
[Finance:Taxes] The IRS is fallible. They may not want you to know it, but mistakes happen all the time. People are issued false returns, charged with debt they don't owe, and even accused of fraud when they didn't commit it. If you know the IRS did something wrong, you have to act fast and do something about it before the IRS puts the blame on you!
- IRS Help For Musicians - Learn Your IRS Advantages and Land Your Big Break Part I
[Finance:Taxes] It's hard to make it in show business. If you're a Musician, you might be looking for all the help you can get. Did you know the IRS can give you a helping hand? If you play your cards right, you can receive lots of deductions doing what you love most.
- Tax Tips For Newlyweds - Don't Let Tax Problems Turn Your Happily Ever After Into a Nightmare
[Finance:Taxes] There's nothing like untainted young love. But even though you're married, some things will never change. Your taxes are still due. And IRS Debt can turn your happily ever after into a living nightmare. You need to stay on top of the game.
- IRS Tax Debt - Don't Agree With a Tax Levy? Use These 3 Steps For Appealing IRS Collection Efforts
[Finance:Taxes] The IRS can be fierce if you owe them money. And if you have felt their wrath, you know their weapons are effective. The IRS can Levy your Bank Account, Seize your Assets, or Garnish your Wages. But what can you do if you feel the collection efforts are unjustified? First, be completely sure you know the IRS is wrong.
- IRS Tax Debt - Disabled and in Debt? You're Not Helpless Against the IRS
[Finance:Taxes-Relief] If you're disabled and can't work, the last thing you need is an IRS Tax Debt to add to your troubles. If your only income is a disability check, how can you pay your sky high IRS debt? Sorry to say it, but as long as you have income, the IRS wants a piece of it. But there are ways to keep the IRS Hitman from calling. Here's some solutions for those who are on disability:
- IRS Debt - Need a Quick Way to Stop the IRS Collections Process? Try the Collection Appeals Program
[Finance:Taxes-Relief] You may already know you have the right to a hearing if the IRS wrongfully starts collecting from you. This is called the Collection Due Process. But there is another less stressful option to consider. The IRS calls it the Collection Appeals Program. If you feel the IRS acted in a way that's unfair, you have the right to Appeal.
- IRS Tax Debt - Do You Want the Collections to Stop? You Have the Right to "Collections" Due Process
[Finance:Taxes-Relief] You can stop IRS Collections. As you are well aware, the IRS has the power to ruin your life with their Tax Liens, Levies, and Seizures. If you can prove that the IRS is in the wrong, you are entitled to a hearing. This is known as the Collections Due Process.
- IRS Tax Issues - Watch Out For What You Claim As Business Expenses Or You Could Owe the Tax Man
[Business:Small-Business] Small Businesses beware. The IRS has you under a microscope. Even your tiny IRS related decisions are magnified. A lot of business owners get greedy and decide to list some personal expenses as business expenses on tax deductions. But be warned, you will not slip under the radar for long.
- IRS Tax Problems - Your Small Business in IRS Trouble? Get a Second Chance With the IRS
[Finance:Taxes] You can't escape the IRS. If you make a small bookkeeping error, the IRS will know. One of the most common mistakes is misclassifying an employee as an independent contractor. If you're found guilty of this, you face severe penalties. But there is good news. The IRS offers a second chance for people who make mistakes.
- IRS Tax Tips For Starving Artists - Get the Facts and Stay Ahead of the IRS's Game
[Finance:Taxes-Income] Making a living off of your art is hard. It's called being a "Starving Artist" for good reason. Because of the meager pay most full time artists receive, they are not usually in debt to the IRS. But did you know you can turn the tables and have the IRS pay you? Get the facts. Learn how you can use the IRS rules to your advantage.
- Service Industry Workers Beware, the IRS is Targeting You and Your Job
[Finance:Taxes] You're being watched. The IRS has determined that people in the service industry are the most likely to commit Tax Fraud than most. Especially people in cash intensive industries, like mechanics, hairdressers, waiters, and anyone else who works for cash or tips. The temptation for not reporting the cash income is very high. But don't get too tempted, because you will get caught.
- IRS Tax Debt - Step by Step Process For Filing an Appeal With the IRS
[Finance:Taxes-Relief] You may have heard of your right to Appeal. The Taxpayer's Bill of Right guarantees this to you. If you are 110% percent positive the IRS did something wrong, you may have a chance of winning a case. I'm not going to lie to you, this will not be easy. You will need to be patient and determined to have your appeal approved.
- IRS Tax Debt and Servers - When Tips Aren't Cutting It, How Do You Pay Your IRS Debt?
[Finance:Taxes] The IRS can serve up a large side of Tax Debt if you let them. Times are tough, but your taxes are still due every year. And if you tell an IRS Hitman you don't have the money to pay, he's just going to shrug it off. How can you pay your IRS debt when the money just isn't there?
- IRS Tax Issues - Learn How to Make Your Tax Debt Disappear With an IRS Appeal
[Finance:Taxes-Relief] Filing an Appeal with the IRS can be a daunting process if you don't know what you are doing. But don't let that intimidate you. You have the right to Appeal almost any decision the IRS makes that you think is unfair. If you think you have a legitimate case, get the facts for filing an Appeal.
- IRS Tax Issues - Medical Deduction Myths to Avoid, Stay Out of Trouble With the IRS
[Finance:Taxes] Stop Right There: Don't make a claim unless you know the facts. There are plenty of rumors swirling around about what you can and cannot claim as medical deductions. But the IRS's official list in Publication 502 says otherwise. Watch out, don't fall for the myths and get into trouble.
- IRS Tax Issues - Small Business and Payroll Tax, Everyone Could Be Blamed!
[Finance:Taxes] Hit Hard: Times are tough. And it's hitting small business harder than anyone else. Many corner stores are forced to shut down. Even ones that have been in business for decades. How can your small business take the pressure when the IRS is breathing down your neck, waiting for you to make one small mistake? Don't let the IRS intimidate you. Arm yourself with the knowledge you need to succeed.
- IRS Tax Debt - Put the Collections Machine on Hold and Get More Time to Pay
[Finance:Taxes] Procrastination: Don't procrastinate with the IRS. You may have received some notices in the mail. They may not look important, but they are. And if your put your debt off long enough, the IRS can unleash it's weapons of collections on you.
- Working Second Jobs? The IRS Wants Their Cut! How to Avoid IRS Debt
[Finance:Taxes] On Your side: Few people can sustain themselves with only one job. The price of everything is too high. More and more, people are taking on side jobs. It could be mowing lawns, doing handy work, or tutoring part time. But if you're making profit, the IRS needs to know about it. And if you don't report your income accurately, the IRS will find out. Avoid IRS Debt. Learn what to do if you're working for yourself.
- Being Investigated by the IRS? Know the IRS's Top 4 Steps and Escape Their Traps
[Finance:Taxes-Relief] One of the Few: If the IRS is investigating you for back taxes, you're one of the few. It is rare that people are criminally investigated by the IRS. But if there's strong evidence of your crime, the IRS will send out it's skilled police force. Especially if it's involving more than $10,000 in taxes. So what do you need to know if you get a call from one of the IRS's Special Agents?
- IRS Tax Issues - Tax Solutions For Those With Parents in Nursing Homes
[Finance:Taxes] Tough Choices: Having ailing parents is heartbreaking. Sometimes, you have no choice put to place your mother or father into a nursing home. It's hard enough to deal with this issue without having to make sure your finances are in order. But you need to stay one step ahead of the game if you want to avoid IRS troubles.
- Medicare Tax Info - Get the Facts Or Uncle Sam Will Make You Pay
[Finance:Taxes-Relief] Sticky Situation: Handling tax issues can be tricky. What you need to do varies greatly depending on your specific situation. If you don't have the IRS withdraw money from your income for SSI and Medicare, you could end up actually owing money to the IRS! So be careful about the choices you make. If you're self-employed, learn how to have the IRS get that their share of the income.
- IRS Tax Debt - Even Government Employees Can Lose Their Jobs Due to Their Tax Debt
[Finance:Taxes] The Few: Government jobs are hard to get. There's a waiting list a mile long. But when you finally land that job, you have to be careful. Did you know being in debt to the IRS can actually make you lose your job? Then you'll be broke and still be in debt.
- IRS Issues - Married Filing Jointly? Some Tips For Avoiding IRS Troubles
[Finance:Taxes] Unhappily Ever After? Marriage isn't always romance and happiness. But if you're married, you already know that. Financial issues can make or break the relationship. So make sure you do everything right the first time to avoid all that stress.
- Gambling and the IRS - Lady Luck Was on Your Side - Now You Owe Uncle Sam
[Finance:Taxes] Winning Big: Gambling is addictive. If you took a trip and won some cash, you might think you're on easy street. But you'll be in from a rude awakening if your earnings were not reported to the IRS. Yes, believe it or not, Uncle Sam wants a cut of those gambling winnings.
- Claiming Medical Expenses on Your Tax Returns - The Complete List of Deductions Part III
[Finance:Taxes] Finish Off: This is the final part of the long list of Medical Deductions you can take on your Tax Returns. The Last of the List:
- IRS Tax Debt - Common Tax Problems and Their Solutions - Keep Your Head Above Water
[Finance:Taxes-Relief] It's Your Turn: Most people experience a problem with the IRS at least once in their lives. Think about it, the IRS is the biggest collections agency in the world. It touches everyone you know. So make sure you know some common Tax Problems people experience. That way, you can stay one step ahead of the game and avoid IRS Debt.
- Dealing With IRS Debt - You Have 5 Options For Giving IRS Debt the Boot
[Finance:Taxes] Get the Facts: There's a lot of ludicrous ideas out there about Tax Debt. So you need to know the cold hard facts. Don't let unreliable people tell you that settling tax debt is "Easy" or that there's "tons" of ways to pay off the IRS. Because it's not true. Working with the IRS is hard.
- Child Support and IRS Tax Debt - Know the Facts and Help Your Kids
[Finance:Taxes] Sensitive Issue: When you owe the IRS and owe Child Support, it's a scary issue. You can't go without paying for your children's needs. But the IRS is breathing down you neck. So who do you pay first? The answer may surprise you.
- IRS Interest Abatement - 3 Easy Steps For Having Interest Removed From Your IRS Tax Debt
[Finance:Taxes-Relief] Higher and Higher: Interest and Penalty rates are the highest they have ever been. And they will keep climbing higher every year. So what should you do when the IRS applied interest when they were not supposed to? Are you stuck paying a giant bill you don't owe? No. Follow these 3 simple steps and remove interest from your debt.
- IRS Issues - Stay Out of Trouble, Get the Facts on IRS Medical Deductions
[Finance:Taxes] Confusing: IRS procedures are confusing. IRS Publication 502 covers medical expenses. It has over 100 topics covered. So how can you easily find out who to claim medical deductions on? It's broken down in this article.
- Claiming Medical Expenses on Your Tax Returns - The Complete List of Deductions Part II
[Finance:Taxes] Last Time...I started the Complete List of Medical Deductions the IRS allows you to take. This is extremely important when working in the medical field, especially since they change the rules every year. You don't want to end up suffering because you aren't aware of the things you are allowed to write off. You may even find some things you didn't even know you could write off. The list is continued here.
- Claiming Medical Expenses on Your Tax Returns - Do it Right, and Avoid IRS Debt
[Finance:Taxes] Did You Know you can claim Medical Expenses as Tax Deductions? This is meant to relieve those in dire situations and cannot pay for their medical care. But you have to be careful. You can only claim qualifying medical expenses. Claiming the wrong expenses could qualify as Tax Fraud, which carries criminal penalties.
- IRS Tax Debt - Taxes Are Due and You Can't Pay - An Installment Agreement Can Rescue You
[Finance:Taxes] Can't Pay: You're in a panic. Your taxes are due, and you have no money to pay them with. What can you do when you can't pay your taxes? Will you end up buried in debt? No.
- IRS Tax Debt - Don't Pay Interest on Your IRS Debt - 5 Ways to Eliminate Interest Penalty
[Finance:Taxes-Relief] Getting Out: IRS interest charges are ridiculous. They were first issued to punish those who didn't comply with the law. Now they're used as a source of income for the IRS. Why else would interest on tax debts be so ridiculously high? When your Tax is wiped out, the associated interest should go away as well.
- Starting a Business? Tips and Tricks For Staying Afloat
[Business:Small-Business] S.O.S: Starting a new business is like throwing yourself into the deep end when you can't swim. There's a lot of small errors you can make that can cost you thousands. They want their cut of your profits, and if you don't give it, consequences will be severe.
- Mechanics and IRS Debt - How to Keep the Motor Running Even If You Owe Back Taxes
[Finance:Taxes] Hard Work: Times are tough. The price of everything is going up and business is going down. This is a tempting time to pocket cash that should go to the IRS. But watch out! No matter what, people are going to need to get their cars fixed. The IRS knows this, and watches self-employed mechanic shops closely. Don't get greedy! Stay sharp, and learn how to prevent and get rid of IRS Debt.
- IRS Tax Levy - The IRS's Little Known Secret on How to Get a Tax Levy Released
[Finance:Taxes] You've been Warned: The IRS sent you a "Notice of Intent to Levy," but it was ignored. Now it's too late. An IRS Hitman is knocking at your door. What can you do if you're in this situation? There's still hope. There's one little known secrets the IRS has that can get your Tax Levy released.
- Settling Tax Debt With an Offer in Compromise - Are You Up For the Challenge?
[Finance:Taxes-Relief] Don't put it off! The longer you put your debt off, the harder it will be to deal with it when the time comes. Especially if you want to settle your tax debt. So what are you waiting for? You need to act fast to get your debt under control.
- IRS Tax Issues - 10 Isn't Such a Magic Number - The IRS Can Extend the Statue of Limitations
[Finance:Taxes] Free at Last: Ten long years have passed since the IRS first discovered your Tax Debt. But now you're free! And the IRS cannot collect from you anymore! Right? Actually, no.
- Attention Independent Contractors Get the Facts the IRS Doesn't Want You to Know
[Finance:Taxes] Tricky Business: Are you an independent contractor? Then you have your work cut out for you. It's very easy to make an error with the IRS. There are many small rules and stipulations that are difficult to interpret. And if you make the wrong choice, you can wind up buried in debt. Read these Independent Contractor facts and keep out of trouble with the IRS.
- Freelance Workers and IRS Debt - Don't Do it Alone, Get Professional Help
[Finance:Taxes] Working for Yourself: You're skilled at what you do. You could be a construction worker, a photographer, an artist or a mechanic. You live life marching to your own drummer and doing what you love. But you can't ignore your IRS burden. When you work for yourself, the IRS still wants a cut of your profits. If you don't pay up, you'll wind up in debt. It's understandable that you have little free time to work on your finances on top of everything else. So be smart, hire some professional help if you need it.
- Super Nanny 911 - Watch Out, Hiring a Babysitter Could Get You Into Trouble With the IRS
[Finance:Taxes] Busy Life: The economy is shot. Mothers are returning to the workplace in record numbers. More and more people are having to hire Babysitters, or Nannies, to look after their children while they are at work. But did you know doing this could get you in trouble with the IRS? You still have to pay the nanny's SSI taxes and report their monthly income!
- Students and Tax Deductions - Use Book Knowledge and Avoid IRS Debt
[Finance:Taxes] You need a break! Students are famously broke. You have to seek flexible employment to go to school full time. This usually means a pay cut. When you finally graduate and get a good paying job, most of that income has to go towards paying off your student loans. So is there a break out there? Here are some things you can do to take the load off.
- Tax Debt Myths - Real Ways to Stop an IRS Tax Levy, and Myths to Avoid
[Finance:Taxes] Getting This Far: You were warned. The IRS sent you notice after notice, which were promptly ignored. Now you got the last notice from the IRS. And it said "Final Notice and Intent to Levy." It's certified mail, and it looks serious.
- Medical Workers Beware, the IRS is Targeting You and Your Job
[Finance:Taxes] Long, Long Hours: The medical field is a high stress environment. You have to tolerate long hours and huge work loads. Free time is sparse. So it's hard to allocate time to working on your taxes. The IRS realizes this pitfall and exploits it.
- You're Caught - Learn What the IRS Does When You're Suspected of Fraud
[Finance:Taxes] Red Handed: There's a big chunk of people who are guilty of cheating the IRS. If you feel like you're one of them, you can't rest easy. The IRS is re-doubling their efforts to catch those who have committed a crime. In 2007 a record number of people went to court for tax related crimes. It's important to know what will happen if an IRS auditor believes you've cheated on your taxes.
- IRS Tax Debt - Know Your Rights and Beat the IRS at Its Own Game - Part II
[Finance:Taxes] Play The Game: The IRS knows all the Tax Laws and knows how to use them. So how can you fight back? Educate yourself, and play to win! Learn more of your Rights as a Taxpayer.
- IRS Tax Debt - Know Your Rights and Beat the IRS at Its Own Game - Part I
[Finance:Taxes] Do Your Research: The IRS isn't the big bad wolf it used to be. Gobbling up Taxpayers makes a bad public image. So the IRS had to change. Now Taxpayers have plenty of guaranteed rights. They're published and legal, but the IRS doesn't want you to know that. After all, they have lots of money to collect. Learn these little known facts and beat the IRS at Its own cruel game.
- IRS Tax Levy Questions and Answers - How to Save Yourself From IRS Debt
[Finance:Taxes-Relief] A Dose of Reality: If you owe the IRS, you can't escape your debt. You may wish there was some easy solution for removing a Tax Levy, but there isn't. It's hard to communicate with the IRS. So make sure you arm yourself with tax knowledge before taking the plunge.
- Keeping IRS Tax Records - Learn What IRS Documents You Need to Fight Tax Problems
[Finance:Taxes] Confusion: Many people ask, "How long should I keep my tax records?" It's not fun to have loads of paperwork cluttering up the place. But keeping your paperwork is important. If the IRS does something wrong, you can't defend yourself without the paperwork.
- IRS Tax Issues - 3 Dangers Associated With Jointly Owned Property
[Finance:Taxes] Watch Out: There are many people who own property or assets jointly. This includes people who are friends, family, lovers, and married couples. But there are big risks involved with putting this much trust in people. The IRS may set their eye on your portion of the property or assets, even if you don't owe them a dime!
- IRS Tax Debt - IRS Hardship Status Explained, Get the Relief You Need Today!
[Finance:Taxes-Relief] Flat Broke: You'd pay the IRS, if only you could. If you're in this boat, you're not alone. Many people are in a situation where they can't pay their taxes. Maybe they've been out of work, maybe a loved one has been sick, or maybe there has been some other emergency. There's a little known secret for taxpayers in this situation. You can suspend the IRS's collections process.
- IRS's Criminal Investigations Department is Growing - Learn How to Stay Out of Tax Fraud
[Finance:Taxes] Wake Up Call: The IRS knows people are cheating. In fact, they estimate that people who receive tips underreport them by an average of 84%. The temptation is there. It's harder to make a living than ever before. So the IRS is making it harder to escape. In 2007, 50% of the people bought to court for tax crimes were convicted. And more and more cases are going to court all the time. More recently, Wesley Snipes was convicted of Tax Evasions and was sentenced to three years in prison. He can't escape the IRS's criminal investigation unit. And neither can you.
- Death and Taxes - Will Death Stop the IRS, Or Will They Expect the Family to Pay?
[Finance:Taxes] Hard to Say Goodbye: Dealing with the loss of a loved one is hard. And the IRS aims to make it harder. What happens when a beloved family member passes away without paying their IRS debt? Will the debt become your problem? Or is the IRS not allowed to collect on a deceased person's debt?
- IRS Debt and Small Business - Beware of Big Cash Transactions, What to Do to Avoid IRS Debt
[Business:Small-Business] Stopping Crime: Underground money laundering is a problem. The government enacted a campaign to stop this. Now all cash business transactions have to be reported to the IRS. If you neglect to do this you risk being fined, audited, or both.
- IRS Tax Problems - Can't Find a Job? Learn How to Keep the IRS Off Your Back
[Finance:Taxes-Relief] Sound Familiar? Job Fairs, Interviews, and Internet Searches and yielding nothing? You have no job. You used to pay all your bills on time, but now you can't. What can you do when you owe the IRS but you don't have the money to pay it with? There's a surprising amount of options available for those who are unemployed.
- Tax Problems - Living Abroad? Little Known IRS Tips and Tricks to Help Pay Taxes
[Finance:Taxes-Relief] An Ocean Away: Are you an exchange student or U.S citizen living abroad? Watch out. This doesn't make you exempt from paying your taxes. Learn the disadvantages you face for being overseas, and how to deal with them.
- IRS Tax Debt - Top 3 Solutions For Stopping a Tax Levy
[Finance:Taxes-Relief] Tried it all? Reasoning with the IRS is hard. After all, the IRS is concerned with only one thing, when are you going to pay? Maybe the usual solutions for releasing a Tax Levy didn't work for you. Don't give up hope.
- Students and IRS Tax Debt - Going Back to School? Take Care of Your IRS Debt First!
[Finance:Taxes] Back to School: The job market is terrible. More and more people are taking the plunge and heading back to school to improve their odds at landing a career. But watch out; if you owe the IRS, you have to make sure you take care of your debt first. If you don't, penalties and interest will add up, making a small debt a huge debt.
- IRS Tax Debt - The Art of Saving, Get Out of IRS Debt Fast
[Finance:Taxes] Act Early: Don't toss those notices aside! Because when the Final Notice and Intent to levy notices comes and goes, it will be too late. The IRS will have the power to Garnish your Wages, Levy your bank account, or even Levy your assets. So what can you do? Get ready to fight!
- IRS Tax Debt - Know Your Right to Appeal and Stop IRS Tax Levies
[Finance:Taxes] Stop the Madness: Did your receive a "Final notice and intent to Levy" from the IRS without knowing why? The IRS is relying heavily on automated systems to send these notices out. And even more recently the IRS is relying on computer systems to automatically issues Levies and Lien. This is a good time to know your rights. You have the right to appeal an IRS Tax Levy.
- IRS Hardship Plan - What You Need to Know to Qualify and Pay Off Your IRS Tax Debt
[Finance:Taxes-Relief] Can't Pay? You're dirt poor. Is economic hardship keeping your from paying your IRS Debt? Are you living paycheck to paycheck? Prove it.
- IRS Tax Debt - Drowning in Tax Debt? Learn a Quick Fix For Fight the IRS
[Finance:Taxes-Relief] Letters and Warnings: Letters have come and gone. You know you owe the IRS money. And you're convinced you can do this all on your own. But look at the facts. Lawyers, Attorneys and even Accountants have all ended up in debt with the IRS.
- IRS Tax Debt and Salesmen - When Sales Are Bad, How Do You Pay Your IRS Debt?
[Finance:Taxes] Door to Door: Working in sales is fierce. You have to work hard for your profit and actively seek your prey. But with the economy like it is, your commission checks are looking more like skin and bones. How can you pay your IRS debt when the money just isn't there?
- IRS Tax Levy - Was Your Property Seized by the IRS? There's Still a Chance to Get it Back!
[Finance:Taxes] Too Late? You're one of the few. You decided not to pay your IRS Debt. So the IRS had to go and seize your assets. But even after your property is seized and auctioned off, you still have a small chance at getting your property back. This right is guaranteed in Revenue Code 6337 and it's called your "Redemption Right."
- IRS Tax Debt - How Do Tax Appeals Work, and Do I Qualify?
[Finance:Taxes] Not Right: Something is wrong. When you've check and double checked your records and you know the IRS is wrong, you don't have to take it. You have the right to appeal any decision the IRS makes. The best part about filing tax disputes this way is that you can avoid going to Tax Court. This method is more much informal.
- Myths and Realities on IRS Hardship Plans, Don't Get Dragged Deeper Into IRS Tax Debt
[Finance:Taxes] Stop it: Taxpayers hate IRS Debt. They want the letters to stop, they want the calls to stop, and they want to get back to their lives. When people are this desperate, they want to believe anything. But the truth of the matter is, there's not a lot that you can trust. Many people describe the IRS's hardship plan as a miracle that will rid you of IRS debt, fast! But there are no miracles when it comes to IRS debt. Read these myths below, and keep yourself from getting deeper into Debt with the IRS.
- IRS Tax Issues - Self Employed? Learn Tips For Preventing IRS Tax Debt and Keeping Your Independence
[Finance:Taxes] Issues Start: There's nothing like the freedom of being your own boss. You don't have to answer to anyone but yourself. But don't get cozy yet. There's still one entity with more authority than you. And that's the IRS. If you make a small mistake, the IRS could shut you down. So preventing problems with them is the key to your success.
- Small Business and Payroll Tax - Who Does the IRS Determine is Responsible? And How?
[Business:Small-Business] Going Under: The IRS hits small business hard. They do this because they think Small Business makes up the majority of tax cheaters in America. So when you owe a Small Business, even your tiniest mistakes are magnified. So if you're caught not paying your payroll taxes, what will happen? And who will the IRS consider responsible:
- IRS Tax Debt and Small Business - Small Business Help, How to Keep the IRS Off Your Back
[Business:Small-Business] Watch out: If you are just starting your Small Business, things are still shaky. The IRS is watching you more closely. New Small Businesses are the most likely to make mistakes. One of the biggest problems Small Business has with the IRS is misclassifying their workers. If you are found guilty of this, you could face severe penalties.
- IRS Tax Debt - Don't Forget to File, and Beware a Substitute For Return
[Finance:Taxes] Eye of the Storm: You might be putting off your tax debt. After all, it's been a while since the IRS sent you a letter. The IRS probably forgot you. Maybe you slipped through the cracks. Think again. It was my job to look hard for people like you. The IRS is putting more effort into trying to find people who have put off their debt. And once you're found, it won't be easy to escape their scrutiny. Don't forget, the IRS looks to levy 2 million by next year, so be prepared.
- IRS Tax Debt - How to Tell the IRS to Back Off While You Care For a Sick Spouse
[Finance:Taxes] All in the Family: Picture this familiar scenario. Your husband or wife has suddenly become ill. You have to spend your time at home taking care of your spouse. Your income drops and the medical bills skyrocket. It's a desperate situation. So what are your solutions?
- OTR Truckers and IRS Debt - What Truckers Must Know to Get Rid of IRS Debt
[Finance:Debt-Relief] The Open Road: Truckers are often out on the road. Whether you're hauling a skateboard or a parking lot, it's very hard for them to get to their mail. So if they get a letter from the IRS reading "Notice and Intent to Levy," they won't receive it. They may not know the wrath of the IRS until it's too late, and their bank account has been emptied. If you're a Truck Driver in Debt to the IRS, read on to learn how you can get out of it.
- IRS Tax Debt - Took Bad Tax Advice? Here's Good Tax Advice
[Finance:Taxes] Bad Idea: Don't believe everything you hear. You may trust your Accountant, but their bad advice can land you in debt with the IRS. Even IRS workers have given the wrong advice on occasion. So what can you do when you fall for their word, and now penalties and interest are building up on your account? What should you do?
- Starving Artists and IRS Tax Debt - How to Rid Yourself of IRS Debt, Fast!
[Finance:Taxes] Starving Artist. The phrase "Starving Artist" holds true. It's extremely hard to find a job in the art field. An artist can be doing really well one year, and the next they can be dirt poor and barely able to pay their bills. So what happens when an artist owes money and can't pay? And how can they fight back against the IRS?
- IRS Tax Debt - Small Business and Tax Debt, Tips For Tax Debt Prevention
[Finance:Taxes] Ignoring Debt: Small Businesses usually start out shaky. If you're just starting your own business and you have no experience, it's hard. You may even be in the red the first couple of years. But that's no reason to ignore your taxes. They are still due every year. And if you don't pay, the punishments will be severe.
- IRS Tax Debt - Advice For Service Industry Workers and Tax Cheating Myths
[Finance:Taxes] Magnifying Glass: Work in the Service Industry? Be careful, you're being watched. The IRS has determined that the biggest chunk of people who cheat on their Tax Returns work in the service industry. Especially doctors, hairdressers, lawyers and even Accountants. So be extra careful when you're filling out your Tax Returns this year.
- Looking For Relief For Your IRS Tax Debt? Think Twice About Hiring a Professional
[Finance:Taxes] Getting Desperate: Your Debts climbing higher and higher. When you're in debt with the biggest, baddest collections agency in the world, you get desperate. You might decide to hire a Tax Relief "Professional" to rid you of your IRS menace. But Watch Out! Not all Tax Professionals are what they seem.
- Police Officers and IRS Tax Debt - Even the Lawman Can Owe the Tax Man
[Finance:Taxes] Paying Dues: Some police men think they are above the law. But one thing is for sure, they are not above the IRS. When police officers owe the IRS, it's business as usual. The IRS will still call to collect from them, and they're going to want the balance in full. So what are some good keys for prevention?
- Pharmacists and IRS Debt - Get the Right Medicine and Stop a Wage Garnishment
[Finance:Taxes] No Way Out: Ruth had been working as a pharmacist for two years. She was making good money, but still had lots of bills to pay. She was in school for 4 years and was $300,000 dollars in debt with student loans. On top of that debt, she owed the IRS money. But she didn't know how to pay it.
- IRS Tax Debt - What Do IRS Notices Mean, and How Do I Respond?
[Finance:Taxes-Relief] Threatening Letters: If you have a problem with the IRS, they automatically send you a notice. A common notice is "Notice of Tax Due and Demand for Payment". When you pull something like that out of your mailbox, most people panic and then ignore the letter. Bad idea! If you follow the steps below, you can resolve the notice quickly.
- IRS Tax Debt - Good Options For Single Parents With a Single Income and a Big Tax Debt
[Finance:Taxes-Income] It's Hard: No one said parenthood is easy. But it's even harder if you're a single parent. When you have only one source of income, it's really hard to pay all your bills. You have to work full time. Then you spend time with the kids with the little free time you do have. When you're under that much stress, it's easy to forget you need to pay the IRS too.
- IRS Tax Debt - 4 Options When You Can't Pay Your Taxes
[Finance:Taxes] Tax Time: April 15th is a dreaded time of the year. Taxes are due, and not everyone can pay them. So what do you do when you know you owe? The popular belief is not file your taxes. A lot of people believe if they ignore the problem, it will simply go away. Get real. The IRS will find you. Try these options and prevent IRS debt.
- Telemarketers and IRS Tax Debt - Don't Get Hung-Up on Tax Debt - Know How to Fight the IRS and Win
[Finance:Taxes] Attention, Operators: Call Center work provides the biggest amount of jobs for non college graduates in America. The hours are long, and there's little free time once you get home. It's no surprise then, that many people who work in call centers are in debt to the IRS. But what can you do about it?
- IRS Tax Debt - The IRS Knows How to Give Nurses Headaches Too
[Finance:Taxes] Busy, Busy, Busy: Always tired. Nurses are known for working very long hours. With so little free time, it's very hard for nurses to get all their bills paid on time. It's no surprise then, that Nurses and others in the medical field are often in debt to the IRS. But what happens when the IRS decides to get their money back no matter what?
- IRS Tax Debt - New IRS Computers Make it Faster to Collect Your IRS Debt - Get the Facts
[Finance:Taxes] New Technology: Tax Returns used to be reviewed by individuals. Now, a big percentage of Tax Returns are reviewed by the IRS's computer system. The system is called Customer Account Data Engine (CADE). It speeds up IRS processing, and helps the IRS catch problems in Tax Returns easier. But the convenience comes at a great price to Tax payers.
- Lawyers and Tax Debt - Ways to Get Rid of and Prevent Tax Debt
[Finance:Taxes] Liar Liar: Surprise! It turns out Lawyers have been caught lying. Who would have thought it? On a more serious note, the IRS does pay close attention to Tax Returns filed by Lawyers and even accountants. So if you're a lawyer, pay special attention to what you do. Because you are being watched.
- IRS Tax Debt - Freelance Workers Beware of Bank Levies
[Finance:Taxes] Taking Advice: When it comes to taking financial advice, you need to be careful. If you take your friend's advice and don't research it first, you can end up in trouble. Maria is a graphic designer. She works freelance, and gave a big discount to nonprofit organizations. Her friend, a Certified Public Attorney, told her it was alright to claim the difference on her Tax Returns.
- IRS Tax Debt - How to Pay the IRS With Easy Monthly Payments
[Finance:Taxes] Catch it Early: You usually file your taxes on time. But this year, you're scared to. You know this you owe the IRS, but this time, you can't pay it. So what should you do? Don't ignore your IRS Tax Debt. Find a solution to pay it off. The IRS actually offers a program that lets you pay your debt in monthly payments.
- IRS Tax Problems - Are You in Danger of Being Audited by the IRS? You May Be Surprised
[Finance:Taxes] Advanced Technology: The IRS has upgraded. Taxpayers audited by the IRS are now selected by computers, not human beings. The computers run a fine toothed comb over tax returns, searching for irregularity. If the computer determines something is wrong, the tax return will be selected to be audited (reviewed.) But there's something you may like to know: some taxpayers are more likely to be audited than others.
- IRS Tax Debt - IRS Tax Fraud Can Happen to Accountants Too!
[Finance:Taxes] Irony: Accountants help people. Many people go to Accountants for tax relief. But did you know a large percentage of people in debt to the IRS happen to be Accountants? How can this be? And how can getting in debt with the IRS be avoided?
- Working Under the Table? Give a Cut to the IRS Or Tax Debt Will Follow You
[Finance:Taxes] Making Ends Meet: Times are tough. In this day and age, everyone has to work. Stay at home moms are rare and many people work two jobs just to survive. But working under the table can destroy you, not help you. If the IRS finds you didn't give up a cut of your money, they will use one of their harsh methods of collection on you.
- IRS Taxes- Avoid the 5 Common Tax Return Errors and Get Your Money
[Finance:Taxes] Get Paid: You want your Stimulus payment. But if you don't file your taxes or file your taxes wrong, you're going to lose that extra money. Don't give up hope yet! Make sure you don't commit the five common Tax Return Errors.
- IRS Tax Debt - Owe the IRS Over $25,000? 3 Ways to Eliminate Your IRS Debt
[Finance:Taxes-Relief] Growing and growing: Your debt's shooting up like a weed. If you owe over $25,000 in debt, it probably didn't start that way. A small debt can grow to being a hefty one, and fast. Why? Because the IRS imposes harsh penalty and interest fees. And they add up each and every month. If you don't act fast, your debt will grow larger still.
- IRS Tax Debt - Learn the IRS's System and Rid Yourself of IRS Debt
[Finance:Taxes-Relief] Deep in Debt? You're not alone. Most everyone experiences a problem with the IRS. Even if you pay on time, the IRS can still come knocking. How can that be? Why do innocent Taxpayers have the IRS on their back? Because the IRS's system is flawed.
- IRS Tax Debt - Top 10 Ways to Eliminate Tax Debt
[Finance:Taxes] 1. Is it legal for the IRS to Levy my Wages? Yes. The IRS can take up to 75% of your paycheck. The Internal Revenue Code (IRC) gives the IRS that power. Remember, the IRS is it's own judge and jury. They don't have to go through the court system to seize your wages.
- IRS Seizures - The IRS is at My Door! What You Can Keep and What They Can Seize
[Finance:Taxes] Contrary to popular belief, the IRS cannot seize everything you own. The IRS won't leave you in a dark room with nothing but the clothes on your back. Although the IRS would love to do so- they cannot seize everything you own (Internal Revenue Code 6334). They have to leave you basic necessities because it's the law. (And not because they have a heart.)
- IRS Debt - Attention Teachers! Too Broke to Pay the IRS, Try the IRS Hardship Program
[Finance:Taxes] Extortion: Teachers make the future of this country. They work long hours and possibly have the lowest pay of all college-graduates. Because of this, teachers rarely have IRS debt due to the low pay they receive.
- IRS Bank Levy - The IRS Expects to Levy 2 Million by 2009, Don't Be One of Them!
[Finance:Taxes] You could be next: IRS Tax Levies are ruthless. Your money can be here today and gone tomorrow. But did you know things are going to be worse come 2009? According to the 2007 Taxpayer Advocate Service Annual Report the IRS is expanding it's sights and trying to Levy more money from more Taxpayers. Considering the recession our Nation is in, this is a low blow. Know the enemy. Read about this new menace and be prepared for battle.
- IRS Notice of Deficiency - Know How to Beat the IRS- Fast!
[Finance:Taxes-Relief] Still Owe? You did the right thing. You paid your taxes. So why did you get a "Notice of Deficiency" from the IRS? If you get a "Notice of Deficiency", the IRS has examined your Tax Return and now they want you to pay more. And if you don't reply within 90 days, the bill for that money will be coming next. If you know you don't owe, learn your options for protesting this notice.
- IRS Tax Debt - Top 3 Ways to Pay Off Your IRS Tax Debt, Fast and Affordable
[Finance:Taxes] Harsh Reality: You want the easy way out. But with the IRS, there is none. You have to carefully weight the pros and cons of every IRS payment plan. If you make the wrong mistake, you could end up losing money instead of saving money.
- IRS Debt & Student Loans - How Julia Stopped an IRS Bank Levy
[Finance:Debt-Management] It Starts: It took years, but Julia finally payed off her student loans. She had ignored some other debts to pay off the loans. She even ignored some letters from the IRS, they didn't seem too important. She even ignored a letter entitled "Final Notice and Intent to Levy."
- Beware the IRS Revenue Officer, Learn His Tricks and Keep Your Assets!
[Finance:Taxes-Income] Home Free! You're a crafty one. The IRS hasn't been able to collect on your debt. But don't get comfortable yet. The IRS's next weapon is on the way. The IRS Revenue Officer will knock on your door without warning. And if you don't cooperate you can kiss your assets goodbye.
- IRS Tax Debt - Self-Employed? You're a Prime IRS Target and It's Not What You Think
[Finance:Taxes] Cheaters? If you're self-employed, watch out! The IRS claims that most tax cheats are self-employed. The IRS is watching you more closely than they watch wage earners. In fact, the IRS 's Small Business/Self-Employed Division is the biggest of all with 47,000 employees. If you have run a Small Business and do one small thing wrong, the IRS will find you.
- IRS Takes Action - Dangers You Face When IRS Debt Goes Unpaid
[Finance:Taxes] Face the Music: Don't ignore your IRS debt. It's not simply going to vanish. The IRS gives you warning before they take action. But if you ignore them, you'll have to face the facts. Learn what can happen if you don't pay.
- IRS Offer in Compromise - Deadly Mistakes and 7 Keys to Getting an Offer Accepted
[Finance:Taxes-Relief] Good Luck! You'll need it. The "Offer in Compromise" program is an exclusive club. It's very hard to qualify for a settlement with the IRS. The IRS wants that money. Stay one step ahead of the game. Learn the deadly mistakes that will get your offer rejected.
- IRS Tax Debt - 4 Ways to Prove You Filed Your Tax Return to the IRS
[Finance:Taxes] Did You Know... The IRS issues nearly 2 Million Notices each year claiming that citizens failed to file their tax returns. But did you know many of these notices are wrong? If you follow these guidelines, you can prove the IRS wrong if they try to tell you that you didn't file when you know you did.
- IRS Tax Lien - Did the IRS Act Illegally? Learn to Escape an IRS Lien
[Finance:Taxes-Relief] Hit without Warning: Liens are often issued without warning. And there's a big problem with that. Why? Because it's illegal! If you didn't receive a notice in the mail before a Lien was issued on you, read on. See if you qualify for having the Lien removed.
- IRS Tax Debt - How to File Unfiled Tax Returns in Three Simple Steps
[Finance:Taxes] Get Moving! Not filing your Tax Returns is illegal. The IRS can punish you with penalties and even jail time. So why do you keep procrastinating? You might think you won't get caught, but the IRS is made to hunt you down. You will be caught. Follow these three simple steps to get back on the right track.
- IRS Tax Debt - How to Remove an IRS Wage Garnishment & Survive This Recession
[Finance:Taxes-Relief] Let's Face it: We're heading into a recession. The government won't admit it, but we know it's true. The price of gas and food keeps going up while our paychecks stay low. So how can you possibly survive when the IRS is Garnishing your Wages, leaving you only a tiny fraction of your paycheck?
- Learn the Pitfalls of an Installment Agreement
[Finance:Taxes] Lucky you! You qualify for an Installment Agreement. But it's not over yet. You may qualify, but is the program right for you? Installment Agreements are binding contacts, and if you miss one payment the penalties will be fierce. Do your research. Make sure you're not agreeing to something you'll regret.
- IRS Tax Debt - Didn't File Your Taxes? IRS Problems Are in Your Future
[Finance:Taxes-Income] Don't File...Don't Owe. Wrong. You still owe money if you don't file your Tax Return. In fact, you risk owing twice as much if your decide not to File every year. Read the top 3 punishments for not Filing your Taxes. You'd be surprised to learn what can happen.
- IRS Tax Problems - Avoid Tax Fraud and Stay Out of Jail
[Finance:Taxes] You're Under Arrest. You think you can get away; but you can't. IRS Personel are trained to recognize Tax Cheater's patterns. They can see the trail of lies and follow it straight to you. Maybe you underreported your income, maybe you made a false claim, or maybe you just made a simple mistake. It's still against the law. And you can go to jail.
- IRS Tax Debt - 5 Ground Rules For Preventing IRS Debt
[Finance:Taxes] You're Caught: The IRS found you. Now they can strike with levies, liens, seizures, or worse. All you have to do is make one tiny mistake and suddenly an IRS Hitman can freeze your account and place a levy on your house. Prevention is key. But how do you prevent IRS Debt? It's as simple as following these rules:
- IRS Tax Levy - Help, The IRS Took Everything, Even the Doghouse!
[Finance:Taxes-Relief] Assets Seized: Here come the Men in Black. They knocked on your door and took your cash, cars, your jet skis, and even Fido's house! Let's face it. If you made the IRS go through the trouble of seizing your assets, you ignored them for far too long. It's going to be hard to get your doghouse back, but there's still hope.
- IRS Tax Debt - Know Your Tax Debt Advantages and Finish on Top
[Finance:Taxes] Merciless: IRS Revenue Officers are ruthless. They don't care if your cat was sick, if credit card bills are due, or if you couldn't afford other luxuries. Boo-hoo. It's hard for an IRS agent to feel pity for you when the IRS gives you so many advantages. All the resources you need to prevent tax debt are easily available to you.
- Wage Levy - Answers to Urgent Wage Levy Questions
[Finance:Taxes] Feared Weapon: Payday's here! It's the happiest day of the week. But not if you owe the IRS. The Wage Levy is one of the IRS's most feared weapons. You can kiss your paycheck goodbye! If you're in debt, stay informed and know your enemy's biggest weapon.
- IRS Tax Liens - How to Save Your Credit and Your House From a Tax Lien
[Finance:Taxes-Relief] The Silent Killer You may have heard of the IRS Tax Levy. It's a vicious tool the IRS uses to seize money and assets. Tax Liens don't transfer your property to the IRS, but they certainly mess up your credit. Few people know how serious the dangers of a Tax Lien are. Educate yourself. Don't wind up with a ruined credit report and no assets to your name.
- Tax Protesters - Great News! You Don't Have to Pay Your Taxes
[Finance:Taxes-Relief] No Taxes. No Problems: We all wish we didn't have to pay our taxes. We all might fantasize, but the tax protesters take this one step further by refusing to pay their taxes. They don't believe they have to pay. But are they right? And what will happen to you if you decide to side with them?
- The Offer in Compromise Checklist - 5 Easy Steps to Settle Your IRS Tax Debt With an OIC
[Finance:Taxes-Relief] It's Brutal: Getting your Offer approved is like winning the lottery. So be prepared. Follow this Offer in Compromise Checklist and make sure you can "win" before you start.
- The Top 3 Questions on the IRS Tax Collections Process - And How to Fight Back
[Finance:Taxes] Not Playing Fair: Sore losers. The IRS hates to admit they're wrong. So what can you do when the ball has already starting rolling with the IRS Tax Collections process, and you don't owe money? Calm down, it's easier than you think.
- Settle Your Tax Debt With Bankruptcy - Avoid 5 Common Traps
[Finance:Bankruptcy] Can't Pay! You can make Debt Vanish with a Bankruptcy! Is this true? No, it's not. If you file for Bankruptcy, your debt can grow! Penalties and interest don't stop accruing in the time it takes for a Bankruptcy to be approved. So watch out. Don't fall into this trap.
- IRS Tax Debt - IRS Penalties Bleeding You Dry? Know the Enemy
[Finance:Taxes-Relief] Going Broke: IRS fines are expensive. Penalties were originally meant to punish taxpayers if they didn't follow the rules. Now they're a regular source of income for the IRS. Don't let the IRS extort you. Know your enemy and prevent penalties from bleeding you dry.
- IRS Debt - File Your Taxes - Or the IRS Will
[Finance:Taxes-Income] Don't Panic: So you know you owe taxes. You didn't file, thinking the IRS couldn't catch up. If you owe the IRS money, they already know. And it won't be long before they find you! When you don't file a tax return, the IRS will go ahead and file it for you. That's right!
- Taxpayers Strike Back - Fight Back and Beat the IRS
[Finance:Taxes-Relief] Finally Caught: You may have found the way to beat the system for a little while. But no one escapes Uncle Sam for long. The IRS has many weapons they use to make you pay. Know the enemy. Then when the IRS strikes, you can fight back.
- IRS Tax Debt - IRS Tax Debt Will Make Your Phone Ring Off the Hook!
[Finance:Taxes-Relief] Stacks of Bills: If you're in debt, you're not alone. Thousands are Americans are in Debt the IRS. Maybe you lost your job, maybe you got a pay cut, and maybe there's no work out there, but your taxes are still due every year. How can you pay your IRS debt when you owe other creditors, too? The answer may shock you.
- Unfiled Tax Returns - Don't Let the IRS Catch You - File Your Unfiled Tax Returns
[Finance:Taxes] Didn't File? The IRS is cracking down on nonfilers. And the punishments include criminal charges, jail time, and insanely high penalties. They key to avoiding these is to file before the IRS catches you. Stay informed! Learn what you risk if you don't file your taxes.
- Bank Levy - How to Stop a Bank Levy If You Live Paycheck to Paycheck
[Finance:Taxes] Suddenly Penniless! IRS Bank Levies strike without warning. Your money is here today, gone tomorrow. But what if you live paycheck to paycheck? Imagine the chaos if the IRS suddenly takes $2,000 out of your bank account? Suddenly the mortgage, car, and credit payments are due and you don't have a penny to pay it with. Don't fret. There is a way to fight back!
- Owe IRS Tax Debt? Five Tips For Surviving the IRS Collections Process
[Finance:Taxes] Owe Debt? Do you owe the IRS? If you do, you need to think about a solution and fast. The IRS is the most powerful collection agency in the world. And when Uncle Sam doesn't get his money he gets mad and unleashes his team of IRS Hitmen to make you pay. Follow these five tips to ensure you survive the IRS's brutal collections process.
- IRS Tax Debt - 4 Ways a Bank Loan Can Rid You of IRS Debt
[Finance:Taxes] Can't Cope? There's no end in sight. You can pay on your IRS debt for years with no progress at all. Maybe you've been paying off your Tax Debt with an Installment Agreement. Even when you make your payments on time, interest continues to accrue every month.
- Keep IRS Penalties From Skyrocketing - Facts You Need to Know
[Finance:Taxes] IRS penalties make things fair. After all, how fair is it to those who pay their taxes on time if the late filers don't get punished? But unfortunately for you, penalties have mutated into being a way for the IRS to Extort Big Profits out of taxpayers! Penalty Interest not only routinely Doubles but also Triples a Tax Bill.
- IRS Tax Debt - I Suddenly Lost My Job, Help!
[Finance:Taxes] Tax time is here again, and although you scrimped and saved to pay your taxes on time while things were going well- you lost your job. With bills mounting and your unemployment check not cutting it, you know you can't pay your taxes on time. Don't Fret- as long as you have legitimate reasons why you pay on time, getting more time to pay your taxes is a possibility!
- IRS Tax Problems - Keys to Preventing Huge Tax Debt
[Finance:Taxes] Virtually every major IRS problem begins as a small one. If the small problem is handled quickly and effectively, the horrors of a worst-case scenario can be prevented. If you take steps well ahead of any IRS action you can protect yourself from the ravages of tax collection.
- IRS Extension Requests - Paying Taxes on Your Terms - Not Theirs
[Finance:Taxes-Income] Of all the IRS problems you might encounter, the collections problems are the worst by far. Preventing IRS Tax Debt is a lot easier than curing it. Being armed with insider knowledge can help you pay your debt on your own terms, not on the IRS' terms.
- Bank Levy - How Barbara Saved Her Small Business From an IRS Bank Levy
[Business:Small-Business] Barbara and her husband ran a small bookstore in her community. Her husband took care of the taxes. But when he passed away, Barbara was too overwhelmed by all the shops' paperwork and too shaken over his passing to file her taxes.
- IRS Bank Levy - How to Stop it Dead in Its Tracks
[Finance:Taxes] Like a skilled assassin- a Bank Levy strikes without notice. One day your debit card will be working fine, the next day your card will be declined while you're buying your groceries. The IRS Bank Levy can be devastating and makes normal day to day living impossible
- Penalty Abatement - Is Your IRS Debt Making You Sick?
[Finance:Taxes-Relief] Did something like a serious illness keep you from filing? Don't expect the IRS to automatically know that. Why? Because their database doesn't have detailed information about you. It's up to you to let them know this information as soon as you are well again. Otherwise, soon after your release from the hospital you'll be hit hard with notices, fines, interest fees and penalty fees.
- The IRS Bank Levy - A Single Mother's Worst Nightmare
[Finance:Taxes] Single mothers have it tough. As a single mother you have to work long hours, and when you do have free time it's dedicated to your children. With so little free time it's hard to squeeze in being your own accountant as well. Amid all the chaos, a lot of single mothers neglect to file their taxes.
- IRS Tax Evasion - Wesley Snipes Can't Dodge Taxes, Neither Can You
[Finance:Taxes] The IRS extends special treatment to no one. Famous movie star Wesley Snipes was charged with Failure to File Tax Returns from 1999 through 2004. Did he get away with it? No! Even with his fancy expensive lawyers, Wesley Snipes received the maximum penalty for not filing his tax returns - 3 years.
- 5 Tax Debt Myths - Time For a Reality Check
[Finance:Taxes] There's lots of Myths about the IRS out there. Some of them are so common, they're almost textbook. And if you took any of these listed Myths as advice you'd be drowning in debt. Read these Myths vs. Realities and arm yourself with a powerful weapon... Knowledge.
- Your IRS Debt - How to Avoid Foreclosure Debt
[Finance:Taxes-Property] Government statistics are showing home foreclosures at an all time high. Due to high mortgage rates, tons of people are foreclosing because they are paying more than the house is worth! And the worst part is, it doesn't look like it's going to get better anytime soon. So how can you explain this to the IRS when it comes time for your tax return?
- IRS Debt - Your Most Important Debt
[Finance:Taxes-Relief] You never asked for an IRS tax debt; in fact, you want to do everything you can to get rid of it. You've gotten letters, phone calls, and they've even sent an IRS-Hitman to your house! There's no way you can afford to pay the debt, but they're just not going to take "no" for an answer. With all the other debt you're trying to manage, the IRS is just going to have to wait.
- IRS Tax Debt - The IRS Made a Mistake And You're Paying For It
[Finance:Taxes-Relief] So you're at the mailbox, and you're skimming through the general stuff; electric bill, couple of ads, phone bill; just the usual. But this time you come across something totally new; you're holding a certified letter that says you owe the IRS back taxes. While it might be your first instinct, don't panic! Take a deep breath and asses the situation.
- IRS Tax Debt - How it Caught You and How to Escape It - Part Two of Two
[Finance:Taxes] The unfortunate truth about the tax resolution business is that there are tons of companies out there that are just interested in your money. They'll tell you whatever they think you want to hear, just to get you to agree to their contract. So how do you know who to trust and who to avoid?
- IRS Tax Debt - How it Caught You and How to Escape It - Part One of Two
[Finance:Taxes] If you're reading this, it probably isn't the first time you've thought about your IRS tax problems. It's problem not the first time the IRS has thought about them either. If you're facing thousands of dollars in back tax debt, it is not a time to panic. It is time to take a deep breath, assess the situation, and learn what exactly you can do. But in order to understand how to face the debt, you must understand how it happened.
- Offer in Compromise - Get the Whole Truth and Nothing But the Truth
[Finance:Personal-Finance] The minute you fill out that online form, you're going to be contacted by several tax resolution companies. Most of those companies are going to try and sell you something; and they'll do anything to get you to buy. I'm sure you've heard these companies say they're going to settle your debt for "Pennies on the Dollar." If you've ever wanted to know the truth about this program; read on!
- IRS Tax Resolution - Don't Get Sold Down the River
[Finance:Taxes-Relief] Like most taxpayers in America, you're probably having issue with the IRS. Whether you owe $10,000 or $1,000,000 dollars in back taxes, there are hundreds of companies in the marketplace that are just waiting to take more of your money. It sounds scary, but unfortunately we live in a world where some companies are just looking to rip you off. So how can you stop this from happening?
- IRS Penalties Adding Up? Apply For Penalty Abatement
[Finance:Taxes-Relief] You just got a statement from the IRS that says you owe $50,000 dollars in taxes; how can that be when the debt started as $10,000 dollars? It's because of interest and penalties, and it happens to thousands of Americans every year. But did you know that you have options if you're facing these charges? It's called Penalty Abatement, and it can save you from falling into a world of trouble.
- Top 3 Ways to Save Money With Tax Resolution
[Finance:Taxes-Relief] So you owe the IRS, but you're not sure where to turn? You've seen the commercials on T.V. saying that your IRS debt can be settled for "Pennies on the Dollar." Well we all know about the reality of those programs. But some companies use other tactics to try and take your money.
- IRS Tax Debt and Divorce - Don't Let Your Ex's Debt Become Your Problem
[Finance:Taxes] Let's say you're recently divorced and you've been separated for a few months now. The two of you have gone your separate ways and are now living your own lives. But you get a letter in the mail that says your ex owes $50,000 dollars in back taxes, and they're going to hold you accountable. The first thing you do , obviously, is call that ex of yours. Turns out you can't get in touch with them either! So what are you supposed to do?
- IRS Tax Debt - Learn Why Filing Your Taxes is So Important
[Finance:Taxes-Relief] In the United States, you are required by law to pay income tax to the federal government, or who is more commonly known as the IRS. It may not be the easiest thing in the world, but it's expected of you every year nonetheless. But sometimes if you think you might owe the IRS, you panic. You decide that maybe if you don't file, you won't have the pay them what you owe. Here's what will happen to you if you don't file your taxes:
- IRS Tax Debt and 401Ks - Don't Take Out What You Can't Cover
[Finance:Taxes] There are several reasons why you might take money from the 401Ks early: maybe you needed it for a down payment on a house, or maybe you just needed it to help pay the bills because you were going through a rough time. Whatever the reason may be, you probably walked away from the situation long ago, thinking nothing of it. But now you're getting letters from the IRS saying that owe thousands of dollars in taxes. What could they possibly be talking about?
- IRS Tax Debt - Learn the Weapons of Collection
[Finance:Taxes-Relief] If you owe the IRS in back taxes, you've probably already gotten letters concerning the debt. But before you toss those letters in the pile of junk mail, read this article. In the next five minutes, you could save yourself quite a headache just by being aware of what the IRS can do to you. Even though it may not be the highest thing on your priority list, it's important that you approach the situation, before the situation approaches you.
- Settling IRS Tax Debt - Don't Believe Everything You Hear
[Finance:Taxes-Relief] Thousands of taxpayers all across America are experiencing issues with the IRS. It's not a surprise considering how difficult is to understand all the rules and regulations of taxes. But, the IRS is not known for their compassion and they believe that ignorance of the law is no excuse. They'll do whatever it takes to get their money. But what about settling? \
- IRS Tax Debt - Tax Liens and How They Ruin Lives
[Finance:Taxes] Chances are, you didn't plan for this to happen. You tried to keep up with your taxes, but at some point they slipped away from you. Now you're getting letters in the mail from the IRS. At first you weren't too concerned, but you just got a letter that's different from the others. This one says: Notice of Lien. You don't know what it means, but it doesn't sound good.
- IRS Tax Debt - Meet Dennis and His $100,000 IRS Menace
[Finance:Taxes] Dennis hasn't filed in a little over 6 years. The debt started small, just about $9,500 dollars that he owed one year. But he didn't file that year, and he hasn't since. The letters have been quoting a higher amount each time, now up to $100,000 dollars. Now he hasn't heard from the IRS lately, other than the letters, so he should be okay right? WRONG! The IRS has been waiting to strike, and after discovering that he hasn't filed in so long, they're going to hit him where it hurts!
- IRS Tax Settlement - What You Need to Settle Your Debt
[Finance:Taxes] So you've gotten yourself into a big mess with the IRS. Now you want to settle your debt once and for all. But where do you start? First of all, you're not even sure what you can do. Depending on your situation, you may qualify for multiple programs. How do you know which is best for you?
- Settling IRS Tax Debt - The Truth About "Pennies on the Dollar"
[Finance:Taxes] If you've got an IRS debt and you're looking to settle, chances are you've seen the commercials on television that claim they can settle your debt for "pennies on the dollar." They claim that you can compromise with the IRS and settle your debt for much less than you owe. While the IRS does offer this program, it is not nearly as easy as the commercials say. Read on to learn the truth about the Offer in Compromise Program.
- IRS Tax Debt - What to Do If You Know the IRS is Wrong!
[Finance:Taxes] Most of aren't exactly excited about receiving bills in the mail. But what if you get a certified letter from the IRS that says you owe them back taxes? You know you don't owe the money, and you have no idea where it came from. But unfortunately the IRS doesn't care what you think. Whether you decide to pay it or not, they're going to get their money.
- Resolving Your IRS Tax Debt - Know What Options You Have
[Finance:Taxes] So you've got an IRS tax debt? Don't panic; you aren't alone. Thousands of American Taxpayers owe the IRS in back taxes. The tricky part is getting the issue resolved, so you can get things back to normal. But with all of these tax resolution companies promising so many things, how do you know what's best for you? Read up on some of the options available.
- Can't Pay the IRS? An Offer in Compromise May Be Right For You
[Finance:Taxes] Every day, hundreds of thousands of American Taxpayers discover that they are in debt. The rest of us spend our time hoping it's not going to be us that owe. But if you're in a situation where you owe the IRS thousands in back taxes, and you know you won't be able to pay it, you might qualify for an Offer In Compromise.
- IRS Tax Resolution Companies - Watch Out For Hidden Fees!
[Finance:Taxes] If you recently filled out a form on line searching for tax help, you've probably gotten bombarded with calls. All of them are from tax resolution companies claiming they can help you with your tax issue. But unfortunately, the world we live in is no longer safe from scamming companies. There are some things to look out for when deciding what tax resolution company is best for you.
- Getting an IRS Tax Debt - Know the Consequences
[Finance:Taxes] So you filed this year and found out that you owed the IRS money. For one reason or another you couldn't pay it, so you tried to ignore it. A few weeks go by and you get a certified letter. This is the beginning of a nightmare. The IRS will send you an initial letter that states you owe them a certain amount and that you must pay it within 30 days. If you continue to ignore the problem, you'll get another letter.
- IRS Tax Debt - What Happens If I Don't File?
[Finance:Taxes] you didn't file this year. It could be because you forgot, or maybe something was financially keeping you from doing so. Or maybe you just didn't want to file because you thought you could beat the system. Unfortunately to the IRS, they don't really pay attention to why you didn't file. All they know is you didn't and you've just given them the green light to attack. Well it's important to know exactly what happens when you don't file.
- IRS Tax Debt - If Capone Can't Dodge It, Neither Can You
[Finance:Taxes] Alphonse Gabriel Capone, notoriously known as "Scarface," ruled the streets of Chicago for over a decade (1919 - 1930) During these years, Capone rose to power through any means necessary, which included but was not limited to: bootlegging, gambling, prostitution, assault, theft, arson, and murder. When Elliot Ness brought down Capone in 1930, the authorities did not have enough evidence to charge him with any of the above incidents. However, it is no surprise that the most famous Gagster in American History was arrested and jailed solely for income tax evasion.
- IRS Bank Levy - How to Avoid the Big Freeze
[Finance:Taxes] If you owe the IRS in back taxes, you've known about it for awhile. You've probably gotten a few letters demanding payment but none of them seemed like the last one you got. It said Final Notice and Intent to Levy. It says the IRS demands you pay the debt or they will implement a bank levy. If you don't know what that means, you certainly will. Read ahead and learn about what you're in for:
- IRS Wage Garnishment - Kiss Your Paycheck Goodbye
[Finance:Taxes] If you've got an IRS tax debt, chances are good that the IRS is doing everything they can to get that money. Maybe you gotten a few letters, but none of them seemed to serious. But about two weeks ago you got a "Final Notice" that said they intended to garnish your wages. You didn't think it was that big of a deal, at least until payday, when you discovered what exactly wage garnishment means to your check.
- IRS Tax Lien - The IRS' Silent Killer - The Tax Lien
[Finance:Taxes] You Didn't File...and now you owe thousands in back taxes. So what happens now? Well, chances are the IRS has been sending you letters trying to collect on their money. They may not seem very important, and you won't know the severity of the situation until you get the Final Notice. If you've gotten a Final Notice and they've talked about implementing a tax lien, you're situation just took an extreme jump from bad to worse.
- IRS Offer in Compromise - Know the Landmines and Avoid Being Rejected
[Finance:Taxes] So you've decided that you're going to submit an Offer in Compromise to the IRS. That's great! Now the problem is that you really aren't sure what the IRS expects from you. You're not sure what to submit. If you know the answers to these simple questions, you can greatly reduce your chance of being denied an OIC:
- IRS Tax Debt - Arm Yourself With Tax Knowledge
[Finance:Taxes] If you've never dealt with taxes before, I can tell you that it's a very serious business. The debt can add up quickly and the IRS is very relentless. You may have heard that the IRS is scary, but you may not know exactly why. What exactly can they do to you? How far will they go to get their money?
- Deciding on a IRS Tax Resolution Company - The Good, Bad and the Ugly
[Finance:Taxes] So you've finally decided that it's time to solve your IRS problems once and for all? That's wonderful. But unfortunately, the IRS isn't your only concern. Now you have to find someone who can give you the help you need. But how do you know who to choose? With so many people out there promising so many things, choosing a reputable company can be a pain. So how can you be sure you're picking a good one?
- Solving Your IRS Tax Debt - Watch Out For Retainer Fees
[Finance:Taxes] If you're having a tax issue, you've probably spoken to several companies about getting help. Maybe some of them sounded good, some sounded not so good. But there's a good chance some of these companies have mentioned the word "Retainer Fee" over the phone. It sounds a little strange and it probably wasn't explained very well. All you want to know: what is it and how does that affect you?
- Unpaid IRS Tax Debt - How to Dodge Penalties and Interest
[Finance:Taxes] Benjamin Franklin said that the only two things we can be sure of are death and taxes. Each day, Taxpayers all across America are discovering just how true that statement is. If you're behind on your taxes, it's only a matter of time before the IRS catches up to you. And if you think the debt is the most of your worries, you probably haven't even thought about the penalties and interest.
- IRS Debt? The Storm is Closer Than You Think
[Finance:Taxes] So you received that notice from the IRS in the mail a few weeks ago? No big deal right? Wrong! Because the next notice you get from the IRS, is not going to be a pleasant one. After you receive your initial notice of your debt, if you do not contact the IRS within the allotted time, drastic measures will be taken. A "Final Notice" will be issued and you will have ten days to either pay off the debt in full, or arrange a payment plan. If you do not, here's what could happen:
- IRS Wage Garnishment - A Taxpayer's Worst Nightmare
[Finance:Taxes] Payday is, without a doubt, the best day of the week. Let's face it, that's why we're at work in the first place. But what happens if you owe the IRS in back taxes and they start garnishing your wages? You probably aren't going to be as excited about getting paid as you'd like to be. That's because wage garnishment is a serious problem and it happens to thousands of Americans every day. Learn about the process before it happens to you!
- Offer in Compromise - Don't Get Sucked Into the "Pennies on the Dollar" Myth
[Finance:Taxes] Have you been looking for a way to get help without losing the shirt off of your back? If so, I am sure that you have heard or seen the slogan 'pay pennies on the dollar' for what you owe on back taxes. While this might sound like an excellent alternative for paying less than the full amount owed in back taxes, it is important that you don't get taken for a ride.
- The IRS and Gambling Winnings - Don't Let Your Big Prize Turn Into an Even Bigger Tax Debt
[Finance:Taxes] If you've got a gambling spirit, chances are you've probably invested a good amount of time into casinos. But if you win big in Vegas, don't let the thrill of victory cloud your head. If you've won money from gambling and you didn't report your winnings to the IRS, you could be in for a disturbing wake up call.
- IRS Tax Debt and Disability - Know Your Solutions
[Finance:Taxes] If you're in a spot where you can't work, the last thing you want to worry about is IRS tax debt. You have enough on your mind without having to think about how much you owe or how you're going to pay it. Not only are you dealing with medical bills and physical issues, but your disability check is making paying the bills a little harder than usual as well. Unfortunately, the IRS doesn't have a soft spot for those on disability.
- IRS Bank Levy? How to Stop a Bank Levy - Fast!
[Finance:Taxes] So the IRS has finally caught up with you and your back taxes. They have enforced a bank levy on your account and now you can't access your money. Now what do you do? You have bills that need to be paid and every day living expenses that have to be met. Read ahead and find out what to do if this happens to you:
- Questions About an IRS Tax Debt? Get the Answers Here!
[Finance:Taxes] Didn't file? Early 401K Withdrawal? Whatever the reason, you owe taxes to the Federal Government and let's be honest: you need help. You're probably getting notice after notice from the IRS demanding their money. With the letters stacking up, and your debt growing with penalties and interest, you need to solve your problem...fast!
- 941 Payroll Taxes - Don't Let the IRS Destroy Your Business
[Finance:Taxes] If you're a small business owner, making sure you're filing your payroll taxes correctly can be a big pain. You have to make sure you're reporting correctly to the IRS, and you have to make sure you pay the IRS those taxes every quarter, even if the payment could hurt your business. So what happens when your good intentions backfire?
- Watch Out For Shady IRS Tax Relief Companies and Their Little Tricks
[Finance:Taxes] If you're in federal tax debt, unfortunately the IRS is not the only thing you have to worry about. The business world is filled with tax relief companies who are willing to tell you anything just to get your money. There are some basic things everyone knows when dealing with one of these companies. But here are some things that you probably don't know.
- IRS Offer in Compromise - The Top Three Questions Answered
[Finance:Taxes] So you've fallen behind on your taxes. Now comes the time to resolve the issue. After talking to a reliable tax professional, you've determined that the Offer in Compromise Program is best for you. But there may be some things about the program you aren't entirely sure about. If you have some questions about the program that are making you hesitate, don't follow through without knowing all the facts!
- Hitting Rock Bottom With an IRS Tax Debt - Why You Shouldn't Throw in the Towel
[Finance:Taxes] If you've missed a few years of filling, don't let yourself believe that there is no hope left. There is no end of the line with the IRS; it only gets worse. The longer you wait, the more aggressive they will become in collecting your debt and before you know it, you'll find that rock bottom keeps getting lower and lower. The only way to truly pull yourself back into reality is to get the facts, and to get help.
- IRS Debt Resolution - Don't Get Hit by a Phony Tax Company!
[Finance:Taxes] If you're having a tax issue and you filled out an online application looking for help, be careful! Some of the companies that you speak with can end up doing more harm than good. Take a look at the warnings below so you can be prepared for some of the things you'll hear:
- Doctors and IRS Tax Debt
[Finance:Taxes] The days of the private medical practice are pretty much gone. The majority of doctors work within a group of doctors. As a doctor you know that your group consists of multiple doctors, nurses, technicians, medical coders, etc...and they all have to get paid. So what happens when your physician's group gets into a tax debt with the IRS? What, if anything can you and your comrades do about this tax debt?
- After Unemployment - What Do You Do With an IRS Tax Debt When You Return to Work?
[Finance:Taxes] No matter what the government and "financial analysts" say, our Country is headed into a recession. You may have already been hit by the financial crush and lost your job. And here's where the real kicker comes in.
- True Stories of IRS Tax Debt - The Trouble For Truckers
[Finance:Taxes] I receive letters and e-mails from people who need tax help and advice. All too often an independent business person, particularly truck drivers are hit hard by the IRS. Their lifestyle of always being on the road can make it hard for them to file their taxes on time. Also as our unfortunate debtor points out in his letter, he doesn't get "snail mail" and as a result the IRS has enforced two brutal collection actions against the person.
- Help! I Can't Pay My IRS Tax Debt
[Finance:Taxes] I can tell you from experience that many of you who owe money to Uncle Sam's collection agency have no way to pay off the debt in full. What can you do to pay the IRS? Well collection agencies accept payment installment plans, and the IRS is the biggest collection agency in the world, right?
- IRS Attack! - Don't Get Caught in the IRS Crosshairs!
[Finance:Taxes] Most people don't put the IRS at the top of their priority list and here's why: If you don't pay your electric bill, they cut off your power. If you don't pay your car insurance, they terminate the policy. You could go years without hearing anything from the Federal Government. So why worry right? Wrong! The thing that separates the IRS from every other collection agency in the world is that when they come, they come hard!
- Stuck With IRS Penalties? Get Penalty Abatement!
[Finance:Taxes] If you're facing penalties from the IRS because you fell behind on your taxes, you're not alone. You are among hundreds of American who have the same exact problem. Did you know that if the IRS sticks you with penalties you have recourse? It's called a Penalty Abatement and it can save you tons of money, and worry.
- Your IRS Tax Debt - Settle For Less With Offer in Compromise Program
[Finance:Taxes] Do you have an IRS tax problem that you are looking to resolve? Are you having problems coming up with the funds to pay off back taxes? If you answered yes to these questions, then an Offer in Compromise program just might be right for you.
- IRS Tax Debt Help - Know the Steps to Get Out From Under Your Debt
[Finance:Taxes] Matt is an average person who works hard to pay his bills and support his family. Last year he was laid off and was not able to pay the taxes he owed. Now, a year later, he knows that he owes back taxes with fees and penalties. He is not sure if he will ever be able to pay off his existing tax debt.
- IRS Notice of Levy - Get the Knowledge You Need to Fight Back
[Finance:Taxes] If the IRS has filed a lien against you, chances are good that you haven't made contact with them in some time. The tax lien is one of the most effective ways for the IRS to collect on unpaid or back taxes. Basically, the IRS is now the first in line to hold claims to your property and assets, past or future.
- Do You Have IRS Tax Debt? Learn How to Avoid Their Attacks
[Finance:Taxes] For whatever reason, you have not paid your taxes. It can be from last year or from several years ago but you still didn't pay them. You think you're off the radar and that the IRS has forgotten about you, and then you get a letter from them trying to collect the back taxes that you owe.
- IRS Tax Problems - You're Not Alone - Meet Susan and Her $45,000 Dollar Debt
[Finance:Taxes] Susan had a tax debt of $45,000. Having not paid and looking for a way out of debt, she is not sure where to start. Because the debt is so large, she needs to seek the help of a qualified tax professional; meaning a Certified Public Accountant and an Enrolled Agent.
- IRS Business Tax Debt - Tell the IRS to Mind Their Own Business!
[Finance:Taxes] Your daily business operations have come to a screeching halt due to tax difficulties. You owe the IRS money and they have some pretty powerful ways to collect their money. Don't be tripped up by tax mistakes. Even the smallest mishap could cost you thousands of dollars, or even your business!
- The IRS' Most Powerful Tool - The Wage Garnishment
[Finance:Taxes] The IRS wants the money that you owe them. Their job is to collect taxes from all working citizens across the United States. Most of the time, you won't hear much from the Internal Revenue Service. It's when you don't pay your taxes that the IRS Hitmen start banging on your door, and they start exploring the ways to collect the debt.
- IRS Tax Debt - What Happens If I Can't Pay the Full Amount?
[Finance:Taxes] Your house, vehicles, and even your bank account are forever in the sights of the IRS Collections Division. The best thing you can do is never give them a reason to "pull the trigger." The people in the worst spots of IRS tax debt are the ones who roll over and take hit after hit, refusing to do anything about their debt. These people are eventually battered until they have nothing left to give; don't let that be you.
- Help! The IRS Just Put a Tax Lien on Me! What Do I Do Next?
[Finance:Taxes] You have recently been notified that the IRS has filed a tax lien against you. This means you owe an outstanding debt of unpaid taxes and through all efforts you either have not or cannot pay. Your debt and failure to pay is now public knowledge.
- IRS Tax Help - Do You Qualify For Penalty Abatement?
[Finance:Taxes] Robert has an unpaid tax bill of $40,000 with an additional $10,000 in penalties. With such a large payment looming, Bob feels smothered. Up until just recently, Bob and his wife were healthy and both working. Sadly, his wife was diagnosed with a serious illness, which left her unable to work. This illness has also left Bob with an ever-growing pile of medical bills to be paid, in addition to his IRS tax debt.
- I Have An IRS Bank Levy But I Think They're Wrong - What Can I Do?
[Finance:Taxes] The Unthinkable happens and you go to withdraw money only to learn that the IRS has put a Bank Levy on your account. Try as you might, you cannot fathom why such a thing would happen. Don't Panic... You do have the ability to have your case reviewed.
- Solving Your IRS Debt - How To Find The Right Tax Relief
[Finance:Taxes-Relief] So you've got a tax issue but have no idea what company is the best. You've seen tons of commercials and hundreds of advertisements, but you just don't know who to choose. Here's a few helpful hints on how to get you with the company that best suits your needs.
- 401K Withdrawal - How To Avoid An IRS Tax Debt
[Finance:Taxes] So, you're in debt and you can't pay it off. If you've got some money stashed away in a 401k, here's a few things you should know about that money.
- Solving Your IRS Debt With An Offer In Compromise
[Finance:Taxes] An Offer in Compromise, or OIC for short, is a program which allows taxpayers with a federal tax debt to negotiate an amount that is less than the total owed. Qualified individuals can usually settle for a much lower price and in many accepted cases are able to get that debt off of their shoulders forever.
- Avoid Being Denied an IRS Offer in Compromise on Your Tax Debt
[Finance:Taxes-Relief] If you decide that an Offer in Compromise is right for you, you need to prepare yourself for a lot of homework. You will need to make sure that you have filed all of your tax returns from the past to the present. If you missed any, you will need to make sure that you take the time to get them filed properly.
- Tax Protesters - Who Are These Guys?
[Finance:Taxes] Don't you wish you didn't have to pay taxes? Well there's a group of people generally labeled Tax Protesters who do just that. They don't believe they should pay income tax and don't. But why do they believe they don't have to pay taxes? More importantly to you, if you join up will you get to stop paying taxes?
- Your Best Friend's Debt - They Can Bring You Down with Them
[Finance:Taxes-Relief] If you have a friend in debt to the IRS and the IRS is threatening to levy or seize his/ her assets; your good friend may sell, transfer, or even give their assets to you hoping the IRS can't get them. Not only is your friend wrong because the IRS can still seize the assets, but you can also be made liable for the tax debt.
- Don't Sit Back and Watch the IRS Garnish Your Wages
[Finance:Taxes] Your income has been reduced to near nothing and you still haven't contacted the IRS. Without hearing from you the IRS will continue to garnish your wages. Without contact from you, they have the advantage to keep taking the highest amount possible to settle your debt in full.
- End of the Road - Your IRS Tax Debt Has Caught Up To You!
[Finance:Taxes-Relief] Another year, another tax season...When I was an IRS-Hitman it always amazed me how many people didn't file their taxes because they knew it would result in a tax debt. Or they already had a tax debt and didn't want their potential refund going to cover their IRS tax debt.
- Why Haven't You Filed Your Federal Tax Return?
[Finance:Taxes-Relief] April 15th has come and gone...you didn't apply for an extension with the IRS...so what are you waiting for! Are you waiting for the IRS to send you a bill? Are you hoping the IRS won't notice?
- Have You Filed Your Tax Return? Tax Debt Relief for Non-Filers
[Finance:Taxes] The official tax season is over. But there are some stragglers. Well for those of you who didn't get your taxes in...time's up! But that's the past and you need to focus on the future of your IRS tax debt.
- Can You Face the Hurdles to Getting Your IRS Tax Debt Settled?
[Finance:Taxes] Depending on how long you've been putting off dealing with your IRS tax debt you may be dealing with some or all of the following obstructions to getting your tax debt settled. If you're determined to get your tax debt under control you will have to overcome these road blocks before you can move on.
- What You Need to Get a Tax Debt Settlement - The IRS Forms You Need!
[Finance:Taxes] You want to settle your IRS tax debt but you don't know where to start. That's OK, the IRS can seem overwhelming at times, and there are so many forms and publications. If you're trying to get your tax debt settled you've already experienced the bureaucracy and tons of paperwork needed.
- Don't Let the IRS Ruin Your Business Over Unpaid Payroll Taxes
[Finance:Taxes] Are you a business owner who has been ignoring those letters from the IRS? Are you being threatened with the IRS closing down your business because of being unable to pay your 941 payroll taxes?
- Did Your Ex Pull you Into Tax Debt? Make Sure They Pay Their Due
[Finance:Taxes] Innocent spouse relief is a program that allows you to be relieved of the joint tax debt and any penalties and interest accrued on that debt because of your ex. It is a way to get out of paying for that bad tax decision that your former spouse made.
- Avoiding Your Tax Debt - The IRS Will Collect Any Way They See Fit!
[Finance:Taxes] If you owe the IRS money you should not sit back and assume that they are not going to come after you. Once they know that you owe back tax debt, the IRS is going to be very aggressive in their attempts to collect what you owe.
- Do You Feel Out of Control Because of an IRS Tax Debt?
[Finance:Taxes-Relief] If you have lost hold of your finances due to unpaid tax bills, you are not alone. If you have failed to file your taxes, and falling deeper into a debt nightmare, it's time to wake up. Get all those back taxes filed!
- Are You in Dire Financial Straights and Looking for Tax Debt Help?
[Finance:Taxes-Relief] The IRS has a secret... There is a debt settlement solution in which the IRS cannot continue to pursue you for collection of your past IRS tax debt. That's right, if you qualify, the IRS will leave you alone... at least for awhile.
- Avoid IRS Bank Levy Problem - What Happens If You Don't Pay Your Taxes?
[Finance:Taxes] For many of us, prioritizing financial responsibilities can often be difficult. You can be shopping one day and the next; all forms of cash and credit are frozen. The IRS has placed a levy on all of your assets!
- Are You in need of Business Tax Relief? Here are Some Creative Ways to Get an IRS Tax Break
[Finance:Taxes] Businesses, just as individuals, are responsible for paying income taxes to the government. Daily business expenditures and benefits provided to employees may actually be opportunities for some tax relief for your business.
- What Can You Do When The IRS Refuses Your Tax Debt Settlement?
[Finance:Taxes-Relief] Getting your IRS tax debt settled for a lesser amount, also known as an Offer in Compromise is the most difficult process to deal with an IRS debt. If only 2% of all applicants actually get approved then why do so many people try to get a tax settlement?
- Watch Out! The IRS Is Coming For You
[Finance:Taxes] Ben Franklin said, "There are only two certainties: death and taxes." There are some of you who have been putting off your tax debt. It's been a while since the IRS sent you a letter, right? You probably think the IRS has forgotten about you and your tax debt, or you've gotten lost in the system. Think again.
- Do You Think You Can Settle Your IRS Tax Debt? Get the Facts Before You Try!
[Finance:Taxes] There are many questions and concerns about settling an IRS tax debt for a lesser amount. These are some of the more common questions and problems you can run in to when trying to settle you IRS tax debt.
- Important Information About Bankruptcy and Your IRS Tax Debt!
[Finance:Bankruptcy] Getting an IRS debt accepted into your bankruptcy can be a serious challenge. But for every question there is an answer.
- Daycare As A Home Business - Don't Let The IRS Take Advantage Of You
[Home-Based-Business] What does the IRS think of daycare businesses? The IRS likes to think of daycares as they think of other small businesses; potential cash cows.
- Tax Problem Help - How to Give Yourself a Fighting Chance
[Finance:Taxes] The IRS wants my money! What can I do? When you're in debt to the IRS it seems like there's no hope for help.
- You and an IRS Tax Debt - Don't be Afraid
[Finance:Taxes-Relief] You've filed your taxes and you're in trouble. Maybe you filed yourself or you went to one of those companies that file your taxes for your. After finishing everything you find out you owe money! You recheck your math and deductions once, twice, three times and...you really are in debt to the IRS!
- 5 Common Tax Questions from Independent Contractors and Small Business Owners
[Finance:Taxes] The IRS doesn't want to make it easy for Independent Contractors to get their taxes filed without problems. Here are some of the most common questions that can help the Independent business person.
- When Your Business is in Trouble and You Owe the IRS - You Have Options for Your Back Taxes
[Finance:Taxes-Relief] What can you do when the IRS hits you with a tax debt on your business? First, don't panic. Second, go over your records and make sure the IRS debt is accurate. But for the sake of this article let's say your IRS tax debt is accurate and the IRS is threatening the security of your business.
- Paying the IRS Back - The Truth About Your Options
[Finance:Taxes] When you owe the IRS it can seem like they have their hands in everything involving your income and possessions. The IRS takes your tax refund and it just doesn't seem fair. Find out the truth behind the IRS cruelty.
- If You Own Rental Property Beware of IRS Tax Debt
[Finance:Taxes] Owning rental properties can be a great source of income. Rental properties can also be a black hole that sucks all your money into it. How can you maintain your rental properties when you have an IRS tax debt however?
- Your Home Based Business and the IRS - Keeping Out of Tax Debt
[Home-Based-Business] Working from home seems like a dream come true. But as with any small business venture the IRS is just waiting for you to make the slightest mistake so they can hit you with a tax debt. An IRS tax debt is doubly bad if you work from home because if the IRS seizes or closes your business, they've also seized your home!
- The IRS and the Truth About Your 401k Concerns
[Finance:Taxes-Income] Whatever you do with your 401k or other retirement investment the IRS wants a piece of it. Find out how much you have to turn over to them and how to avoid getting into tax debt.
- Overwhelmed By Your IRS Tax Debt - What Can Tax Professionals Do For You?
[Finance:Taxes-Relief] At this point you just want to throw up your arms in frustration and let the IRS do what they will. Don't despair because there is help available to you; the question is do you need it and what can professional tax help really do for you.
- IRS Tax Debt and 941 Payroll Taxes - How to Keep Your Business Afloat
[Business:Small-Business] Keeping up with all the paperwork and stress of running your own business and keeping the IRS off your back can be a real challenge. But there's always help available to give you an edge.
- Medical Expenses And The IRS - Helping the Uninsured
[Finance:Taxes] While there are low income insurance and prescription plans, many Americans are left to their own devices when it comes to health coverage. But there is something that can give you some sort of relief. You can deduct your medical costs from your income tax return.
- How To Avoid Trouble With The IRS When You Are In An Installment Agreement
[Finance:Taxes-Relief] You've been paying off your IRS debt a little bit at a time each month for a while now. But you've had a hard month, you had some unexpected expenses, and you're thinking of putting off your payment to the IRS this month. Do not put off the IRS!
- Non Taxable Income - A Short List to Ease Your Tax Filing Worries
[Finance:Taxes-Income] Normally any money you receive during the year has to be reported on your income tax filings. This includes paychecks, interest on accounts, and any kind of withdrawal from accounts such as 401k or pension. However there is a fairly significant list of income sources that do not have to be reported as income on your tax return, and therefore are considered non taxable.
- Your IRS Tax Debt and Disability - What do You do with Your Debt When You Get Back on Your Feet?
[Finance:Taxes] Unfortunate circumstances... You have been living at the barest minimum for a few years now. Maybe you were on disability and couldn't work. But now your better and you're ready to go back to work and start earning real money again. But what about that IRS tax debt? The IRS has kept you in a Currently not Collectible, which means the IRS doesn't take any collection actions against you.
- Giving the IRS Your Financial Information - Make Sure You're Prepared
[Finance:Taxes] Once the IRS has determined that you owe a tax debt they're going to get in touch with you to get certain financial information about you. While you will eventually have to tell the IRS your financial information, you don't have to give them the keys to your house as soon as they call you.
- File Those IRS Back Taxes and Get Out Your Amended Tax Return
[Finance:Taxes-Income] Have you filed your taxes this year? How about last year or the year before, did you file those? If you answered "no" to those questions then you have a problem with the IRS.
- Don't Get Scammed Into an IRS Tax Debt!
[Finance:Taxes-Relief] Every American is worried about money, and desperation can lead sensible people to do non sensible things. And not being sensible can not only cost you money that you don't have on the promise of something good; not being sensible may also get you into tax debt.
- Is Your IRS Tax Debt More Important That Your Other Debts?
[Finance:Taxes] You really want to get that IRS debt off of your back. The IRS revenue officers have sent you letter, called your house, and even knocked on your door. They just won't take no for an answer no matter how many times you tell them that you can't afford to do anything with your IRS debt. After all you've got other debts to worry about, and the IRS can wait their turn.
- How to End Your IRS Tax Debt for Good - The Aftermath of Your Offer in Compromise
[Finance:Taxes-Relief] You've gone through the long process with the IRS and successfully got your tax debt reduced in an Offer in Compromise. The question is, now what? The process seemed to take forever and you feel drained from the stress and strain. But it isn't over.
- IRS Tax Debt and Your Credit - Answers You Need to Know
[Finance:Taxes-Relief] Why should I care about an IRS debt? I'm already in debt and my credit is shot. I live in a State where collection agencies can't file suit against me so what can the IRS do?
- What Do You Do When You Have More Than Just An IRS Debt To Worry About?
[Finance:Debt-Management] When you're in debt to credit card companies, finance companies, etc...you see all kinds of ads promising to consolidate your debt and get you to pay it off for one payment per month. But how are these debt consolidation firms when it comes to dealing with the IRS?
- When the IRS Levies Your Wages - Answers That You Need to Know
[Finance:Taxes] There are some common and not so common questions about an IRS wage levy. Here are just some of the answers that may save your paycheck.
- Answers to Bank Levy Questions - Is There Any Way to Stop the IRS?
[Finance:Taxes] An IRS bank levy can be one of the hardest thing to go through. Your can't use your own money. There are some questions about bank levies that can be answered.
- Your Deceased Loved One and IRS Debt - Who Has to Pay the Tab?
[Finance:Taxes] What happens when a loved one passes away and leaves an IRS debt behind? Does that debt fall onto you? Or can the IRS collect on a deceased person's tax debt at all?
- Small Business Tax Filing - Forms You Need to Avoid an IRS Tax Debt
[Finance:Taxes-Income] Are you ready to take care of your taxes for your small business? Make sure you have all the right forms to send in or you could be the victim of an IRS audit or worse, and IRS debt! Here are some of the forms you should have to keep track of your taxes and make sure you file your return correctly.
- You And The IRS - Answers To Tax Debt Questions On The Minds Of Americans
[Finance:Taxes] Americans worry about their taxes more than they should. Sure the IRS is a powerful entity, but if you know its workings then you can successfully make sure they can't get your money.
- Your Rights With an IRS Tax Debt - Answers to Burning Questions
[Finance:Taxes-Relief] You have rights when dealing with the IRS even though it can seem that they hold all of the cards sometimes. There is some basic information about your rights when dealing with the IRS.
- IRS Tax Debt - The Questions You Wanted Answers To!
[Finance:Taxes] As we get closer and closer to tax time more people are finding out that they may owe the IRS money. If this is your first time here are some common questions about IRS debt and some solutions that may help you.
- Foreclosure and the IRS - How Can You Avoid Owing The IRS After You Lose Your Home
[Finance:Taxes-Property] According to government statistics home foreclosures are at an all time high. Millions of Americans have no choice but to foreclose on their homes because they owe more on their mortgage loan then their house is worth. Is there anyway that you can turn this tragedy around on your tax return?
- How To Get Out Of IRS Debt When You've Had An Accident - Tax Advice For Truckers
[Finance:Taxes] One of the major hazards when your lively hood is on the road is accidents. If own your own rig, you could loose thousands of dollars waiting for it to be repaired, not to mention any time you may have had to spend in the hospital if you were injured.
- Do You Have To File Your Tax Return If You Didn't Get A Paycheck?
[Finance:Taxes] Even if the only source of funds you receive is a social security check and you live below the poverty line you still have to file your income taxes. But millions of Americans who live on fixed incomes fail to file their income tax return and end up with an IRS tax debt that they didn't expect, and can't afford to pay.
- Filing Back Taxes for Truckers - There are Ways to Fight the IRS
[Finance:Taxes] Unfiled tax years have piled up and caused a significant debt. What's worse, a life on the road has erased almost all records that could be used for deductions from past years. This makes refiling back taxes for truckers very difficult, and almost impossible if the IRS has already filed the return for the owner/ operator.
- Issues with the IRS and Tax Debt - The Top Questions that Keep You Up at Night
[Finance:Taxes] Some questions about filing your taxes nag at you. Here are some answers that may be able to help you with your tax filing this year.
- Bankruptcy & Your Closed Business - How Does Your IRS Debt Fit In?
[Finance:Bankruptcy] Right now you're very likely considering filing bankruptcy...you may even be considering closing your business and selling off your assets to pay your creditors. In short you are in a bad situation. But even owing other creditors you still have the shadow of the IRS looming over everything. And the IRS is determined to get you tax debt whether you owe creditors or are in bankruptcy.
- IRS Debt Help For Truckers - Your Wife Left You With A Tax Debt And She Took Your Dog
[Finance:Taxes] You've been working on the road for years as the owner of your own truck. But now the IRS is threatening your livelihood because of a debt that you owe them. You're living out of your truck and you don't have any other assets. Maybe you were married and the strain of being a trucker ended that and now she has everything. And you're left with a tax debt and your truck...she even took your dog
- Bankruptcy and IRS Collections - How to Beat the System
[Finance:Bankruptcy] You've decided to declare bankruptcy, and while going through your creditors you wonder if the IRS can be included. The IRS has a number of rules and restrictions on including an IRS debt in a bankruptcy. Not only that, but you're not completely free of IRS collection actions while you're in bankruptcy.
- The Fastest Way to Pay off An IRS Tax Debt
[Finance:Taxes] You're in debt to the IRS and you want it off your shoulders...right now! You've gone round and round with an IRS revenue officer, but they aren't being much help. They just want to know about your assets and when you can pay the debt in full. And you keep telling the guy that if you had the money to pay off the debt you would.
- Appealing Your Tax Debt When You Believe the IRS Is Wrong
[Finance:Taxes] If you are certain you're right then you can always appeal your case with the IRS to have your tax return looked at again, and possibly get the tax debt removed. Let me warn you though; the IRS does not like to admit they're wrong.
- Issues With The IRS And Tax Debt - The Answers You've Been Dying To Know
[Finance:Taxes] There are a number of questions revolving around the IRS. Read on for the answers to your questions about bankruptcy, filing your returns, and dealing with IRS tax debt.
- Government Tax Rebate Check - Do You Know What You're Going to do with Yours?
[Finance:Taxes-Income] The government is hoping to "jump start" the economy by providing consumers with a tax rebate check. The checks should provide $600 per single filer and $1200 for married filers, with an extra $300 per child. And the cost to make sure we all get $600 is... $150 billion.
- Earned Income Credit - It's Not Just For Kids Anymore!
[Finance:Taxes] When most of you think of Earned Income Credit as a way to get back money on your IRS tax return, you generally think of claiming kids as dependents. Well there's more to Earning Income Credit, or EIC for short than just getting credit for kids.
- Offers in Compromise for Teachers - Tax Help for the Most Underpaid and Overworked
[Finance:Taxes] Teachers are one of the most overworked and underpaid professions. As far as IRS tax debt is concerned it's rare for a teacher to end up with a debt due to their relatively low income.
- IRS Tax Lien and Your Credit - You Can Work the System
[Finance:Taxes] When the IRS puts a federal tax lien on your credit your borrowing ability is completely shot. You have no chance of getting a loan or getting any kind of financing until you pay off your IRS debt.
- 401k and IRS Debt - A Dirty Trick on Middle Class Workers
[Investing:IRA-401k] The 401k is meant to be saved for retirement, but every year countless people take early withdrawal from their 401k to pay for emergencies that have occurred to them. One of the biggest misconceptions is that when you withdraw from your 401k the IRS automatically takes your taxes out. The fact is that they don't.
- The Number 1 Question In America - Where Is My IRS Tax Refund?
[Finance:Taxes] If you were expecting a refund from the IRS and haven't received one you may owe the IRS money in back taxes. So how can you find out if you owe a tax debt to the IRS? And is there anyway that you can get your refund if you do owe an IRS debt?
- How To Stop An IRS Bank Levy - 4 Strategies That Can Save Your Money
[Finance:Taxes] Don't let your tax debt become a bank levy. The IRS does give a warning that they intend to levy your account. It will come in the form of a certified letter from the IRS and lets you know that the IRS will levy your bank account and withdraw funds to pay your debt.
- The Process Of A Tax Levy - From Debt To Peace - Part 1
[Finance:Taxes] A tax levy is where the IRS has been unable to collect a tax debt that you owe. The IRS can impose a tax levy on your wages, bank account, or any other assets you have; including vehicles, additional accounts, and possibly your home.
- The Wage Levy Formula - How Does the IRS Know How Much to Take
[Finance:Taxes] The IRS can use a wage garnishment, sometimes called a wage levy to get money straight from your gross pay check in order to payoff your IRS tax debt. There seems to be some mystery and misconceptions' surrounding the wage garnishment and there is some straight information on how a wage garnishment works.
- The Process of a Tax Levy - From Debt to Peace Part 2
[Finance:Taxes] Previously on...you received information on what an IRS tax levy is, how it can harm you, and some of the ways to put off the inevitable actions of the IRS. However there are ways to get a levy lifted, even if only for a short time, or possible for good.
- Paying Your Taxes When You Live a World Away
[Finance:Taxes] Business has become a global endeavor. No longer do U.S. businessmen take the occasional trip to the Hong Kong office; they live in Hong Kong 24/7, 365 days a year. In this new World where national boundaries give way to business interest there are sure to be questions about filing your taxes in your home Country
- Tax Deductions and Tax Credits for Higher Education - Let the IRS Pay Your Way
[Finance:Taxes] The number of adults between the ages of 30 and 55 going back to college are growing every year. In fact on some campuses they equal the number of traditional students. Whether you're going to school for work, or to learn how to start your own business, or even just want to learn new things; college costs money.
- Attention Truck Drivers - Don't Let An IRS Debt Keep You Off the Road
[Finance:Taxes] Independent truck drivers seem to always have problems with the IRS. Why truckers? You set your own hours and the money is pretty good. But the IRS knows that your money is pretty good too, and they want a piece of it.
- Putting Off Your IRS Tax Debt - Your Time Has Come
[Finance:Taxes] It's time to stop putting off that IRS debt and step up to the plate. Because the IRS hounds are coming and they're hungry.
- Hiding From The IRS - Do You Really Think You Can Get Away With That?
[Finance:Taxes] If you've ever been in debt and had a collection agency hounding you then you know they have resources that allow them to track you down. Now imagine the IRS, the most powerful collection agency in the country, looking for you.
- Divorce & Tax Debt - Making Sure Your Ex-Spouse Is Paying Their Share
[Relationships:Divorce] The IRS does allow limited information disclosure for separated/ divorced couples who no longer live in the same house. You can send the IRS a written request for information disclosure in regards to the tax year from the joint filing. Some information can be disclosed and some can't.
- Getting Into Compliance by Filing Your Back Taxes
[Finance:Taxes] If you owe the IRS and haven't filed your tax returns for a year or more you can be in serious trouble. Not only could you face jail time, but you can't work with the IRS to settle your debt until you've filed any past due returns.
- Know Your Rights When Dealing with IRS Collectors
[Finance:Taxes] When you owe the IRS and you have been targeted for collection actions it can seem like the IRS is all powerful. They can swoop in and seize your bank accounts, garnish your wages, or take your assets. But you do have rights when it comes to the IRS collection machine.
- Owing Taxes When You're In The Military - Uncle Sam Does Take Care Of You
[News-and-Society:Military] Attention! During this current global situation the men and women of American's armed services are called on more and more to serve their country in some of the most dangerous places in the world. It's no secret that military pay is not the best and even military personal can get stuck with an IRS tax debt.
- 5 Common Tax Issues for Realtors
[Finance:Taxes-Property] There are a myriad of issues related to income taxes for property owners. There are some common issues that all Realtors face.
- 5 Ways to Handle IRS Tax Debt - It's Only Money
[Finance:Taxes] You owe the IRS and now you have to figure out how you're going to deal with it before the IRS comes and deals with you. These are the 5 most common steps you can take to deal with an IRS tax debt.
- Owing The IRS - Can I Wait Out My Tax Debt?
[Finance:Taxes] The IRS has a limited amount of time that they can collect on a tax debt. That is if you think of 10 years as a limited amount of time.
- The IRS Has Different Ideas About You Keeping Anything You've Won
[Finance:Taxes] You went to Las Vegas for a vacation. You actually won at the casino and took home your winnings instead of blowing them. Unfortunately you made one mistake; you didn't report your winnings to the IRS and now they want their due.
- IRS Tax Debt And Your Family - Just Because You're Related Doesn't Mean You Can Trust Them
[Finance:Taxes] All too often someone is in debt because they loaned family members money and were never paid back. Or they co-signed on a loan and got stuck with the debt. So how can your family and loved ones stick you with an IRS debt?
- Common IRS Tax Questions for Investments - How Much Does the IRS Want?
[Finance:Taxes] The IRS expects a somewhat large amount to paid out of any investment you may have. It's important to take care of what the IRS expects from you to avoid a very sizable debt.
- IRS Debt Collectors - Do's and Don'ts for Protecting Your Assets
[Finance:Taxes] When you can't afford to pay your back taxes to the IRS, tax collectors will come to your door to get the funds to pay your debt. Even if that means they have to take your assets. If you have to deal with IRS collectors there are some tips you can use to help the process go smoothly and save some of your stuff in the process.
- Bankruptcy and the IRS - The Lesser of Two Evils
[Finance:Bankruptcy] You may be on the verge of bankruptcy in order to satisfy the creditors breathing down your neck. But when you also have a debt to the IRS the situation becomes far more complicated. The IRS expects you to pay any debt owed to them first, and you may not even be able to include your IRS debt in bankruptcy.
- Beating An IRS Wage Levy - You Shouldn't Have To Work To Pay The IRS
[Finance:Taxes] A wage levy, or wage garnishment is one of the IRS's more vicious tools they can use to collect money on a debt. There are a few tips that can help you if you're the target of a wage levy that can allow you to take your life back.
- IRS Tax Debt on a Fixed Income - Stealing Candy from the Elderly
[Finance:Taxes] Millions of American are on a fixed income with Social Security their only source of support. So what happens when these people owe a debt to the IRS? How are they expected to pay?
- How to File 1099 for Your Small Business - Keeping Your Ducks in a Row
[Finance:Taxes] Filing your 1099 business taxes can be stressful. If you don't have all of your documents, or you miss a detail the IRS will audit you. Here are some tips to make sure your tax filing goes smoothly.
- Tax Filing Tips for Veterans - You Haven't Been Forgotten
[Finance:Taxes] Veterans are eligible for some tax breaks on their income tax filings. Here are just a few that can improve the lives of our American heroes.
- IRS Tax Liens and Your Credit
[Finance:Taxes] What exactly is an IRS tax lien then? It's a serious black mark on your credit.
- Don't Get in Debt to the IRS - 5 Common Causes That Can Make You Owe The IRS
[Finance:Taxes] When filing your income tax return make sure you have all of your ducks in a row. Even the slightest mistake can cause you to get audited at best, or owe the IRS money at worst. Avoid these common mistakes people make when filing taxes.
- How To Get An Offer In Compromise - 6 Steps To Salvation
[Finance:Taxes] An Offer in Compromise is a way that you can settle your IRS tax debt for a lesser amount than the debt total. The process to get an Offer approved is long and difficult, but there are some steps that can help you with this process.
- Income Tax Return - Sometimes It Does Not Pay To Be A Winner
[Finance:Taxes-Income] Your annual income that you have to report to the IRS is more than just the money you make on your wages, or interest on your savings account. Income includes a number of other sources that you need to take into account.
- The IRS Seizing Assets - The IRS can Levy more than Just Accounts and Wages
[Finance:Taxes] When the IRS decides to levy your assets in order to pay off the debt you owe the government there isn't much you can do. However there are some things that the government can't deprive you of.
- Paying Your IRS Tax Debt - One Step Forward, Two Steps Back Part 1
[Finance:Taxes] When you owe back taxes to the IRS your only option may be to enter into a monthly installment agreement plan. The IRS can make paying back your debt on a monthly basis very difficult.
- Claiming Your Tax Debt in Bankruptcy - Dispelling the Myth
[Finance:Bankruptcy] Debt piled on debt... Once upon a time claiming bankruptcy was like a "get out of debt free" card. Those days are long gone, and getting a bankruptcy discharged is much harder now.
- Manage Your IRS Debt Even After You've Lost Your Job
[Finance:Debt-Relief] Times are hard, and many people, possibly you; have lost their jobs. What's worse is that you've taken out of your 401k to cover your bills until you can get back on your feet. Now that money is gone, your job situation hasn't improved and you got a letter from the IRS stating that you have a tax debt.
- Stop Your IRS Refund From Becoming an IRS Debt
[Finance:Taxes] There are a few common deductions and credits that get people into trouble when they file them on their tax return. Making a filing mistake on your IRS tax returns can cause your refund to turn into a debt to the IRS that you may not be able to pay back.
- Paying Your IRS Tax Debt - One Step Forward, Two Steps Back Part 2
[Finance:Taxes] When you owe the IRS money you may have to enter into a monthly payment plan with them called an Installment Agreement. Here is how the IRS determines how much you have to pay per month and ways to deal with the payments.
- Starting Trouble with the IRS - Working Under the Table Can Destroy Your Business
[Finance:Taxes] Independent contractors and small business owners routinely do work "under the table" or pay their workers the same way. The IRS looks for businesses that do this and take a special interest in them.
- Tax Professionals - Can They Get You Out of IRS Debt?
[Finance:Taxes] The word "tax professional" is thrown around a lot. Everyone from tax preparation companies to late night "attorney" commercial promising to settle your IRS tax debt claim to be "certified tax professionals." But are these people really tax professionals?
- Tax Debt and Disability - You are Already Under Enough Stress
[Finance:Taxes] An IRS debt can feel like the tipping point in your life. You're already dealing with the pain your disability has caused, plus you likely have to deal with depression and stress that would crush the will of a healthy person. But there is a solution to dealing with this IRS tax debt.
- Collection Agencies Versus IRS Collectors - Who Can Kill Your Dreams Faster?
[Finance:Debt-Relief] Do you have collection agencies calling you all the time? Are you considering bankruptcy? Now take all of that stress and add an IRS tax debt into the mix.
- Help With 1099 Filing and 941 Payroll Taxes
[Business:Accounting-Payroll] If you're a small business owner, one of your constant headaches is making sure you're filing your payroll taxes correctly. You have to make sure you're taking out the right amounts in federal and social security taxes for your employees. You have to make sure you're reporting correctly to the IRS, and you have to make sure you pay the IRS those taxes every quarter, even if the payment could hurt your business.
- Divorce and IRS Debt - Breaking Up is Expensive!
[Relationships:Divorce] A couple divorces. They sell the house and split the proceeds. They may even sell other assets as part of the divorce decree. The sale proceeds count as income on their taxes. Suddenly the two parties find themselves in a higher tax bracket and now they actually owe the IRS money. Neither can afford to pay back the IRS debt because they had to pay their attorneys and set themselves back up.
- IRS Substitute Filing Return - 3 Steps to Fix Your Debt
[Finance:Taxes] If you haven't filed your tax returns the IRS will do it for you. This is called a Substitute Filing Return, and it can result in an unmanageable debt.
- IRS Tax Liens and Levies - How Low Can You Go?
[Finance:Taxes-Relief] Why is it so important to take care of your debt right away? The IRS is the most powerful and aggressive collection agency in the Country.
- IRS Tax Debt and Marriage - For Better or Worse
[Finance:Taxes] A true story...I received the following e-mail from a lucky bride to be who had a question about her future husband's IRS tax debt: I am engaged to a man that is deeply in debt to the IRS. Currently, he has no property in his name that the government can take. If I marry him, and change my name to his, can the IRS seize my property and income to satisfy his debt?
- IRS Debt Interest and Penalties - 3 Ways To Make Your Debt Disappear
[Finance:Taxes] The IRS is constantly adding on interest and penalties to your debt. Your debt is accruing about 2% per month in combined interest and penalties for a total of 24-25% added on to your debt each year.
- IRS Debt After Retirement - Don't Let Your Golden Years Be Tarnished - Part 2
[Finance:Taxes] Previously I talked about what the IRS can do to the Greatest Generation, and their children, the Baby Boomers, who are reaching retirement age. Now I want to give you some solutions.
- IRS Debt After Retirement - Don't Let Your Golden Years Be Tarnished - Part 1
[Finance:Taxes] You've spent your entire life working. Now that you're in your golden years you're ready for a well deserved retirement. Maybe you want to take a trip, or spend time with your grandkids. Maybe you just want to start a garden. But the IRS may have other ideas regarding this time of your life.
- IRS Tax Debt and the Statute of Limitations - 10 is the Magic Number
[Finance:Taxes] When you owe an IRS debt that you can't seem to ever pay off there's good news and bad news. The bad news is that you'll probably never pay it off. The good news is that the IRS has a limited time to collect your debt.
- File Your Back Taxes or Else!
[Finance:Taxes] Have you been good and filed your taxes on time every year? Or have you been bad and not filed your taxes for several years? For your own reasons you haven't been able to file, and now that you have a few years of un-filed taxes under your belt, you're afraid of what the IRS might do.
- Owing A Tax Debt To The IRS - 6 Ways To Keep From Drowning
[Finance:Taxes] After you've filed your income taxes you find out that you owe money to the IRS. Maybe the debt is taxes on your business, or the debt is property tax...or maybe you just claimed something or someone you shouldn't have. No matter how you've gotten the debt, it's there and you need to do something about it.
- Settling Your IRS Tax Debt After The Sub Prime Catastrophe
[Finance:Taxes-Property] A year ago you were making money hand over fist. Now you're lucky if you can even sell a house. And because you made all that money last year you owe back taxes to the IRS.
- Pay Your Dues to the IRS - 401k, Retirement Accounts, and Your Pension, Part 2
[Finance:Taxes] The IRS expects you to pay a hefty sum of taxes on your 401k withdrawal. Make sure you pay them or you could end up with a large tax debt.
- Pay Your Due To The IRS - 401k, Retirement Accounts, And Your Pension - Part 1
[Finance:Taxes] You've worked hard, you've saved your pennies, and now you have a nice chunk of change in the form of a 401k, an IRA, or a pension fund. But before you make plans to enjoy that hard earned money, Uncle Sam wants his cut.
- IRS Tax Deductions for Small Business - Give Your Business A Chance To Grow
[Finance:Taxes] Business deductions must be proven as expenses that are directly required for your business. You must save every last scrap of a receipt in order to claim most of your expenses. The most important thing to remember is that you have to prove that your expenses are valid to the IRS.
- Settling Your IRS Tax Debt - Look Before You Leap
[Finance:Taxes-Relief] What can you do when you owe the IRS money and you actually can't afford the full balance? What can you do when the financial security of your family is threatened? You can settle your debt with the IRS for a lesser amount, but it isn't easy.
- Small Business IRS Tax Debt - Is Being Your Own Boss A Dream Or A Nightmare
[Business:Small-Business] Owning your own business, being your own boss; for many of you this is the American Dream. But that dream can turn into a nightmare because the IRS takes a special interest in small business owners. Why? Your business is an easy mark for an IRS-hitman.
- IRS Tax Debt and Financial Disclosure - Do You Like Ramen Noodles?
[Finance:Taxes] When you have an IRS tax debt, the IRS will do what is called a Financial Disclosure Analysis. The IRS takes a fine toothed comb over your income and lifestyle spending.
- Filing Your Tax Return - Rapid Refund Or Rapid Trouble?
[Finance:Taxes] Who can you trust? It's tax time again...and if you have a lot of deductions or you have investments and property it can seem very hard to do your own taxes. There are numerous companies both national and local that will offer to file your taxes for you, for a small fee.
- IRS Debt Help - Turning Your Medical Bills Into Something Positive
[Finance:Debt-Relief] Medical expenses count as deductions. You can claim your medical expenses on your tax return to help alleviate your IRS debt. Depending on the amount of medical care you or a loved one needed this can significantly reduce your debt.
- Avoiding IRS Tax Debt - Don't Depend On Those Kids As Dependents
[Finance:Taxes] One of the most common causes of tax debt is from people claiming dependents for Earned Income Credit. Mostly these are people with lower income who are just looking for a little extra to get by. A lot of these people get bad advice from friends, family, or tax preparation companies.
- Settle Your IRS Tax Debt In Bankruptcy - You're Not As Safe As You Think
[Finance:Taxes] Can you include a tax debt in bankruptcy? It can be done, but there are some requirements that need to be met.
- IRS Wage Garnishment - Hitting Below the Belt
[Finance:Taxes] A wage garnishment is one of the dirtiest tricks in an IRS hit-man's arsenal. You need to know what a wage garnishment can mean for you, and how to fight it.
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