2020 threw a huge wrench into everything and the IRS collections proceedings are no exception. With the tax deadline pushed until July 15th and a lot of the IRS closed under shelter at home orders due to COVID19, to the IRS being tasked with sending millions of Americans their stimulus checks, the IRS collections proceedings […]
10 Social Media Posts To Take A Look At For May And The Coming Months! ———— #1 True or False: Your Stimulus Check is Just An Advance on Next Year’s Tax Refund https://money.com/stimulus-check-advance-tax-refund/ #2 Despite coronavirus lockdown, IRS recalling thousands of workers to serve Americans’ ‘urgent’ tax needs https://www.foxbusiness.com/money/irs-recalling-workers-coronavirus #3 IRS says it has upgraded […]
Can I Pay Installments on Federal Income Taxes I Owe If I Can’t Afford to Pay it All at Once? Despite the IRS being slammed right now due to COVID-19, millions of Americans still owe money to the IRS in back taxes for previous years and they’ll increasingly find themselves unable to pay up all […]
Tax Relief and COVID-19 COVID-19 is affecting millions of Americans in all aspects of their life. As of the beginning of May, 1 million Americans tested positive for the disease. A much more striking number is the number of people whose finances have been shred to pieces with the prolonged shut down and “stay-at-home” […]
How Can I Pay My Federal Taxes With Installments or Monthly Payments? Every year, there are millions of taxpayers who find themselves unable to pay their taxes in full to the IRS. The IRS knows there will be some taxpayers coming up short. The good news is the federal government is happy to work with […]
Taxes are a fact of life, but tax problems shouldn’t be. If you find yourself in tax trouble, the IRS has clear plans for how to proceed in collecting what they believe you owe. After sending you notices, the IRS can garnish your wages, levy your bank account, even put a lien on your property. […]
Running your own business means wearing a lot of hats, from office cleaner and supplies buyer to client schmoozer and payroll maker. But should you add tax preparer to your already long list of duties? What if you have a tax problem with the IRS? What if doing your own taxes creates a tax problem? […]
#1 Intuit faces new lawsuit alleging it duped low-income taxpayers to pay for free tax prep https://www.cbsnews.com/news/intuit-lawsuit-turbotax-maker-faces-new-suit-for-allegedly-deceiving-low-income-taxpayers-to-pay-for-free-tax-prep/ #2 Here’s who is saving the most money from Trump’s tax cuts https://www.cnbc.com/2019/09/23/who-is-saving-the-most-money-from-trumps-tax-cuts.html #3 IRS Releases Updated Version Of Tax Form Just For Seniors https://www.forbes.com/sites/kellyphillipserb/2019/09/24/irs-releases-updated-version-of-tax-form-just-for-seniors/#8ae17932e524 #4 Jeff Bezos would pay $9 billion a year in wealth taxes […]
Big companies are known for getting all sorts of breaks, but when average people fall behind, they rarely receive help. When you owe back taxes, but can’t afford to pay them, then you may qualify for a special tax status known as currently not collectible. If you’re approved for currently not collectible status, then the […]
(They Could Land You In Tax Trouble) It can be a stressful experience preparing your taxes and filing them. It can be even more stressful however, if you make these mistakes that land you into tax trouble. It’s important to remember that if you make mistakes that are serious enough, you might end up triggering […]