Do you have outstanding debt due to the IRS? It is time you start addressing them. How? There are a lot of options. Most Americans often feel trapped in tax debt, without fully knowing that there are ways to reduce…
Many ask, “how to reduce tax liability?” The truth is, it depends on a number of factors, including your life changes. Your life is filled with important milestones, changes that significantly impact livelihood, and surprises that transform tax status. There…
IRS tax audits can be of several forms. Depending on the underlying conditions, different audits may require different amounts of time to be completed. However, don’t anticipate an audit to happen right once after you file your taxes. The IRS…
The question of “Should I Hire a Tax Attorney?” has been around since long. And it’s time to address it. Regardless of whether you are facing an IRS tax audit or planning to build an estate, you will need a…
An Audit letter from the IRS can be dreadful. One of the most fearful questions that often arrives in the mind of taxpayers is that “how long can IRS audit your taxes?”. The question can be tough to answer in…
Facing a penalty is often very intimidating, especially if it is coming from the Internal Revenue Service (IRS). In case you fail to pay the dues that you are responsible for, you might as well be on the verge of…
During times of financial crunch, it is really not uncommon to fall behind on bills and debts that you owe. But, if you fail to keep up with your payments for longer than imaginable, you may face a bank levy,…
In case you owe a significant amount in back taxes but are unable to pay the amount in full, then asking for an Offer in Compromise to the IRS can be the road to go. Letters and notices that come…
The filing season of taxes is counting. And every year, multiple people fall behind to pay their debt in full, causing them to experience significant penalties and interest. The Internal Revenue Service (IRS) has evaluated and the results show that…
The IRS can often use returns from the previous three years in an audit. They may add more years if we find a significant inaccuracy. Typically, we only go back a maximum of six years. An audit is a check,…