Help for Your Tax Problems
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- June 1, 2021
What the IRS Considers as Tax Evasion
In the tax industry when clients first start dealing with the IRS there is always the fear and question “Am I going to jail?”. The truth is that very few people go to jail for tax evasion. The IRS mainly targets people who understate what they owe by either under-reporting income or misreport credits or […]
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- May 31, 2021
Tax Relief: Does It Actually Work?
Although nearly one-fourth of US tax filers are estimated to have very few taxes withheld in 2021, the overwhelming majority of American taxpayers have received a quite heavy tax bill. For those that don’t have enough money to pay their tax liability, tax relief options come into play. Introduced by the IRS, they are created […]
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- May 28, 2021
FAQs: IRS Form 8300
The various Internal Revenue Service tax forms can be hard to differentiate at times. A 1040 is simple, and so is filing 1099 for small businesses. But what is the IRS form 8300? Making money and living the good life is what anyone wants. But paying taxes comes with that dream as well, as it […]
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- May 20, 2021
IRS Notice 1444: What It Is and What It Means
As the COVID 19 pandemic continues to ravage the world economy, different governments have taken different measures to aid their citizens. Here in the United States, the federal government passed a raft of measures, key among them sending stimulus checks to deserving individuals to help cushion them against the effects of the pandemic. These added […]
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- May 17, 2021
States without Income Tax
The deadline for the federal income tax may have already been pushed back until May 17, but some taxpayers might be luckier than others. In nine U.S. states, individuals do not have to file a state tax return, as they (the states) don’t oblige taxpayers to pay tax on personal income. This means that each […]
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- May 13, 2021
FAQs about the Internal Revenue Service
How do I contact the IRS? What is their phone number? You can get in touch with an IRS representative over the phone from Monday to Friday (7 am- 7 pm local time). Now, depending on your case, you can call any of the following numbers: 800-829-1040 For IRS errors & individuals (main IRS number […]
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- May 10, 2021
FAQs: IRS Collection
What can the IRS do if you owe them money? According to the IRS, their job is to find ways to recuperate their money. In doing so, they may seize (levy) your assets, such as retirement income, social security benefits, bank accounts, and wages. They may even seize your real estate, boat, car, and any […]
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- March 30, 2021
FAQs: Stimulus Checks and Taxes
Your taxes determine whether you get a stimulus check or not, even if you do not file at all. Below are some commonly asked questions about stimulus checks and how they may or may not affect your tax return. What do I need to qualify for a stimulus (or economic income payment) check? You need […]
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- March 30, 2021
FAQs: Paying Taxes
Here, you will find the most commonly asked questions about paying taxes. Do You Pay Taxes on Unemployment? In the years before the Covid-19 pandemic, almost all types of unemployment compensation were taxable. In general, the IRS considers unemployment compensation as income, so it taxes it accordingly. Passed in March 2021, the ARP (American Rescue […]
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- February 24, 2021
IRS Notices and IRS Letters
Have you received an IRS notice? While it’s normal to panic, try not to stress. Instead, focus on what you can do to manage your unpaid taxes and get back on track. That’s right – you can get back on track because you have options even if it doesn’t seem that way. Below, we explain […]
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