Millions of families are facing foreclosure because of rising mortgage payments in our ever-weakening economy. However, if you follow these simple tips you may be able to reduce the amount you pay in property taxes. Understand Your Local Tax System ...

The Internal Revenue Service (IRS) is feared by millions of American’s because of their aggressive collections. However, generally they cannot make attempts to collect a debt that accrued over 10 years ago. The IRS is one of the most aggressive and...

Now is the best time to start thinking about your yearend tax planning for your business? These tax strategies can be put into effect by the end of the year and some as late as when the tax return is due. Planning now will save you money and reduce your t...

Every year American taxpayers attempt to lower their federal tax liability by including any credits or deductions they can think of. Below is a list of the most ridiculous tax write-offs ever allowed by the Internal Revenue Service. Some of these deduc...

You all probably know there are a lot of firms nowadays that claim to be able to provide people with IRS tax debt settlement help. Among these we may find attorney firms specializing in tax law and debt counseling agencies that have some experience in dea...

Why is it that almost every Tax Representation Firm out there needs you to owe more than $10,000 before they will take your case? The Answer is money, the money they will make off of you. I'm here to tell you, you can handle it all yourself. You he...

Myth Number One: The IRS will Accept Pennies on the Dollar You may have heard the term “Pennies on the Dollar” in reference to settling a tax debt. However, 99 cents is “pennies on the dollar,” and filing an Offer in Compromise is compli...

What Can I Expect in an Audit? In recent years, the focus of the exam division of the IRS has changed. The service used to examine claims to see if they were true or false. For example, if you claimed a charitable contribution, they’d want to ...

Garnishment is a government seizure of a portion of your paycheck for payment of taxes. It’s also a last-resort tactic of the IRS to get its money. When a taxpayer receives a garnishment, it’s very difficult to negotiate with the IRS for several re...

What Happens When Someone Doesn’t File Payroll Taxes? Many small business owners, when cash flow doesn’t cover expenses, find the necessary cash by not sending in payroll taxes. This is a big mistake. When individuals Author: Chris W

Knowledge is Power When you don’t know what your particular tax liability is, you can’t take action, and you can’t resolve the issue. This creates a stressful psychological state of perceived powerlessness. The great news is that you can e...

Often people don’t file a return because they don’t have the money to pay their taxes. Other times they miss filing because of family, health or career stresses. As a result, nothing happens: the IRS doesn’t call, their life stays the same. By the s...

When you face a large tax liability, you can give the IRS an Offer in Compromise, or request a Penalty Abatement. But your best defense is to minimize your tax liability at the front end. “With most of our clients, we can show them tax deductions an...

Paul hadn’t filed a return since 2000. He sells approximately $10,000,000 of food products annually with 15 employees and 20-30 subcontractors. The average individual conducts one transaction with the IRS each year. The average business owner conducts 6...

Tim is a painter. When he started his company, he didn’t have enough money to pay his taxes, so he didn’t file. Tim’s situation is not unique. Many people don’t file because they don’t have the money to pay their taxes, and they think filing ...