Why do people end up in tax debt? New research has shown the most common reasons for people getting into debt with the IRS and state tax authorities. These are earning more income than expected, divorce, late payment penalties and unfiled tax returns. How to avoid a tax debt – excess income The research showed […]
The Federal tax debt many people will not be able to avoid… Everyone likes a tax cut – but what if it isn’t a real one? If you are a Federal government employee there’s a likely tax debt that you will have to deal with whether you like it or not – the Payroll Tax […]
Debt forgiven by a creditor. This could be taxed by the IRS! If you have a debt forgiven by a creditor this could be considered income by the IRS and is taxable as if you had been paid the money. That means if you had a $10,000 credit card debt forgiven by a lender you […]
Since 2015 the IRS has been able to contract a private debt collection agency to help you resolve your tax debt with them. Scammers have cottoned on to this and you must be very careful as to who you give your details to. Here we will show you exactly who might contact you and what […]
The Taxpayer Advocate Service (TAS) is an organization set up by Congress to help organizations and individuals dealing with issues with the IRS. It is not always the best option if you have problems with the IRS as we will discuss here. What is the TAS? The TAS is an independent body run by the […]
10 Ways to Settle Your IRS Tax Debt Do you Find dealing with the IRS Time-consuming, Intimidating, and frustrating? You aren’t alone. While taxpayers might always represent themselves in front of the IRS, the majority rely on professional tax help (specialized IRS Tax attorneys, CPAs, and Certified Tax Resolution Specialists) in order to increase their […]
The IRS has given warning of two new tax scams where criminals are illegally taking money from people, pretending to be from government agencies. The first is rather worrying – a letter sent through the US Postal Service. The other are calls and emails purporting to be from the Taxpayer Advocate Service (TAS). Let’s look […]
Millions of Americans may be eligible for more money off their 2018-19 tax bill thanks to moves by Congress after the government shutdown.
Scammers have become extremely clever in conning people out of their money in the belief they are taking measures to avoid being penalized by the IRS. The IRS has released a statement looking at some of the cleverest and most dangerous operations they know of today, and makes suggestions as to what to do.
If you haven’t paid your IRS tax debt you may be able to avoid paying penalty charges by speaking to us at Defense Tax about getting a First Time penalty Abatement (FTA) from the IRS. Tax Day passed on the 15 April and for those who usually make all their tax payments on time it […]