Three Quick Steps to Fix Your Tax Debt with the IRS
So, you’ve found yourself in a financial pickle. Sometimes life happens and you end up owing Uncle Sam more money than you realized. No matter how much tax debt you’ve…
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Tax Debt? What Happens if You Ignore It
I know, we all hate paying taxes. Unfortunately, taxes are one of the things in life that we can’t get out of, no matter how much we may want to.…
The New Tax Year Resolution You Must Make Right Now
Ignoring that past due tax debt will get your new year off to a stressful start 2015 will be history in a matter of days. If looking back on 2015…
I Missed The Oct. 15 Deadline. Now What?
If you were unable to meet the April 15 tax filing deadline, chances are you filed for an extension that expires on Oct. 15th. What happens if you also miss…
What Is The First-time Penalty Abatement?
If you're like most taxpayers, you do your best not to run afoul of the IRS. After all, you don't want to get saddled with penalties for late payment,…
Five Famous People Who Got Busted for Tax Evasion
Chances are, you've read the "Celebrities...They're Just Like Us" section in a famous gossip magazine while waiting in line at the grocery store. While their idea of "Just Like Us"…
What You Need to Know When Owing The IRS
If this is your first year with a tax balance, the thought of owing the IRS can be frightening. There's no doubt you've heard everything from true stories to urban…
IRS Penalties Part 2: The Healthcare Penalty
Yesterday's post discussed some of the IRS penalties attached to non-payment, missing information, or late payment of taxes. While the passage of the Affordable Care Act allowed millions of uninsured…
Nickel and Dimed: An IRS Penalty Primer
It seems that everything has a late fee: utility companies, credit card issuers, even some daycare providers will charge a late fee if parents are late in picking up their…
What You Need To Know About IRS Collections
Things can happen. An unexpected medical bill, unpaid time away from work or other financial emergency is enough for most people to fall behind on their tax obligations to…