If you owe taxes to the IRS, you may find that your ability to travel outside the U.S. is restricted. Once the IRS determines your tax debt to be seriously delinquent tax debt, they can certify this fact to the…
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Tax debt doesn’t go away on its own. There is a solution to every tax problem, but finding the right resolution for your situation requires a thorough understanding of your circumstances and a comprehensive look at potential solutions. These three…
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Sometimes, a complex tax issue—such as a lien or wage garnishment due to tax debt—can’t be resolved by working with the IRS alone. In these situations, the Taxpayer Advocate Service (TAS) acts as “your voice at the IRS.” The TAS…
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In 2011, the IRS announced its Fresh Start Program to mitigate the lasting effects of the Great Recession. The goal of the IRS Fresh Start Program is to make it easier for taxpayers to obtain relief from tax debt with…
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As U.S. businesses continue to recover from COVID-19’s economic devastation, the U.S. Small Business Administration (SBA) is expanding COVID-19 EIDL loans opportunities.
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The US income tax system is what the IRS calls “pay-as-you-go,” which means that you can’t sit down to file your tax return in the spring and pay all of the taxes you owe for the previous year at once.
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When you owe a creditor, there are many ways your debt can be collected. Back taxes are a type of debt and the IRS can collect the amount you owe in different ways, including multiple types of levies. Can the…
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Unfortunately, there is no concrete answer to the question, “How long does an IRS audit take?” There are many factors that determine how long a specific tax audit takes. No two IRS audits are the same, which means predicting how…
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When you’re preparing your taxes, you want to make sure you utilize all the deductions you qualify for. If you work from home, the home office tax deduction sounds like it might apply to you. In reality, it’s not that…
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As tax time approaches, here are some tax issues that taxpayers frequently overlook, ranging from obscure deductions to overlooked tax credits and benefits.
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