How Are Back Taxes Calculated?
Owing back taxes to the government can be a daunting situation. Understanding how these unpaid taxes are calculated can provide clarity...
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- 2 days ago
How to Know How Much Tax Debt I Owe?
Determining the exact amount of tax debt you owe can be a daunting task, especially if you've missed multiple payments or haven't filed...
- 3 days ago
Are Taxes Voluntary? Why is this even a question?
The question of whether taxes are voluntary has been a topic of debate and confusion for many. Some argue that the U.S. tax system is...
- 4 days ago
What is a 1099-K? - Decoding Your Payment Card and Third-Party Network Transactions
In the age of digital transactions, understanding tax forms related to online payments is crucial. One such form that often raises...
- 5 days ago
Reselling Concert and Sports Tickets? Watch Out for this New IRS Rule
The world of ticket reselling, often seen as a quick way to make a profit, is now under the IRS's radar. With the increasing popularity...
- Sep 22
Top Tax Write-Offs Every Taxpayer Should Know
Tax write-offs, commonly known as deductions, are amounts that can be subtracted from your gross income, reducing the amount of income...
- Sep 21
IRS Initiates Massive Recruitment: 3,700 Agents to Pursue Affluent Tax Evaders
The IRS initiates massive recruitment of hiring over 3,700 new agents to focus on potential tax violations by affluent Americans. This...
- Sep 20
Are Tax Relief Programs Legit? Navigating the Waters of Tax Assistance
Every year, as tax season approaches, countless advertisements promise to drastically reduce tax debts, halt wage garnishments, and offer...
- Sep 18
Does Federal Tax Debt Hurt Your Credit Score?
Tax debt, also known as back taxes, can have implications for your credit score, especially if left unaddressed. The IRS's actions, such...
- Sep 15
How Long Does It Typically Take to Resolve My Tax Debt?
Tax debt, for many, is not just a line item on a financial statement. It's a looming cloud, casting shadows over daily life, future...
- Sep 13
IRS's New AI Strategy: What It Means for Wealthy Taxpayers
The IRS is gearing up with enhanced technology and artificial intelligence to target unpaid taxes from affluent individuals, large...
- Sep 12
When to Call a Tax Relief Service: Signs You Need Professional Help
Navigating the labyrinth of tax obligations, from understanding codes to meeting deadlines, can be daunting. While many tread this path...
- Sep 11
Are Back Taxes Negotiable? Unmasking the Realities and Pathways
Navigating the intricate world of taxes can sometimes feel like walking through a maze blindfolded, especially when dealing with back...
- Sep 8
Will I Get a Refund if I Owe Back Taxes? Unraveling the IRS Fresh Start Program
Have you ever found yourself eagerly awaiting a tax refund, only to be met with the realization that you owe back taxes? You're not...
- Sep 7
Can I Get a Mortgage with Unfiled Taxes? Breaking Down the Barriers and Finding Solutions
Every aspiring homeowner dreams of holding those keys to their very own dwelling. Yet, the path to homeownership is marred with several...
- Sep 6
IRS Tax Relief Measures for South Carolina in the Aftermath of Idalia
In a recent announcement, the Internal Revenue Service (IRS) has offered essential tax relief to individuals and businesses impacted by...
- Sep 5
IRS Tax Relief for Idalia-Affected Individuals and Businesses in Florida
The Internal Revenue Service (IRS) has recently announced crucial tax relief measures for individuals and businesses affected by Idalia...
- Aug 31
How Far Back Can the IRS Go for Unfiled Taxes? Explained and Answered
Unfiled taxes can lead to serious consequences, including penalties, interest, and potential collection efforts by the IRS. It's...
- Aug 30
Mandatory Electronic Filing for Form 8300 Reporting Cash Payments Over $10,000
In a significant update, the Internal Revenue Service (IRS) has recently announced a new requirement for businesses regarding Form 8300,...
- Aug 29
IRS Announces Interest Rate Increase for Fourth Quarter 2023
The Internal Revenue Service (IRS) has recently announced an important update regarding interest rates that will come into effect for the...
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