Once you miss a tax filing deadline, the Internal Revenue Service (IRS) can seem intimidating. But there are remedies for missing a tax deadline. The best thing to do is prepare and file back tax returns as soon as possible. Do you have more questions? Read further for more information. What Does “File Back Tax […]
As the pandemic swept the nation, many Americans were worried about putting food on the table. When the coronavirus forced people out of their jobs, it felt as if the stimulus money came just in time. We weren’t thinking about paying income tax on covid-19 relief payments back then. Now, businesses are opening back up […]
Let’s face it. There are bound to be errors in the payout of a multi-trillion-dollar stimulus package. If your stimulus payment was the wrong amount, what should you do? With phone systems overloaded and no response to email inquiries, it can seem like there’s nowhere to turn. However, rest assured that you will receive the […]
As the coronavirus pandemic continues to spread, stock market prices continue to plunge. Experts agree that the impact on world economies will be significant. In fact, Indonesia and other countries across the globe have already unveiled tax relief packages. President Donald Trump noted possible tax relief during the coronavirus pandemic for Americans, as well. Is […]
Working as an independent contractor provides you with a lot of flexibility. You can create your own schedule, choose the work you want to do, and decide what a fair pay wage is. Unfortunately, filing taxes as an independent contractor isn’t always that easy. This is where hiring a tax relief specialist can make life […]
Many taxpayers have gone through financial struggles that made it difficult to pay their federal taxes in a timely manner. The IRS designed the Fresh Start Initiative to help these taxpayers. Penalties and interest are promptly assessed after the tax deadline passes. They accrue daily until the whole balance is paid. This causes the debt […]
It’s expensive to owe money to the IRS. In fact, many taxpayers avoid filing their tax returns in hopes of staying “under the radar.” But the IRS takes taxes quite seriously, saying, “If you cannot pay the full amount of taxes you owe, you should still file your return by the deadline and pay as […]
Hiring a tax relief professional is certainly a personal decision. Many taxpayers opt to maintain control of their dealings with the IRS. The IRS supports your rights to do so. They offer tips for working through a variety of case events on their website. If you have a simple tax return or owe less than […]
The IRS expects every taxpayer to file and pay their taxes on time each year. Many taxpayers are comfortable with preparing and filing their own simple tax returns. On the other hand, taxpayers commonly seek expertise for complicated returns to save time and ensure accuracy. Consequently, tax professionals e-filed about 60 percent of individual tax […]
Tax debt and IRS collection methods are stressful. When Americans need help and compassion the most, scammers are ready to step in. Instead of administering much needed aid, they rob taxpayers of their time and money. The violation is unforgiveable, and yet, these companies often go without discipline. As the IRS and the U.S. Justice […]
