1-800-548-4639What Is Tax Resolution? Understanding Relief and Resolution
While less than ideal, tax debt is relatively common. If you owe money to the Internal Revenue Service (IRS), a debt-free life is on the horizon, and there are options to help you get there. Tax relief and tax resolution describe various policies and strategies for managing the debt you owe to the IRS. With […]
Read moreTax Planning Tips
You work hard to earn your money. You should get to keep as much of it in your wallet or bank account as possible. Although paying the tax you owe is important, so is making sure you don’t pay more tax than necessary. Tax planning helps you reduce your tax bill or defer certain taxes — […]
Read moreInstallment Payment Amount Factors
What determines your tax installment payment amount? Several factors come to mind. Since every person has a unique financial situation, their tax payment terms are also unique. Lucky for all of us, the government doesn’t require a flat monthly amount for its installment agreements. Here is a look at some of the determinants for installment […]
Read moreShould You File Bankruptcy Because of Back Taxes?
When tax debt becomes overwhelming, it is normal to seek out an all-inclusive solution. For some people, that solution comes in the form of bankruptcy. Bankruptcy is a form of debt relief that essentially wipes the slate clean, giving you a fresh financial start. However, it comes with some serious consequences. Before you commit to […]
Read moreHow To Keep Your Tax and Financial Records Safe
Hurricanes, tornadoes, fires, floods and other natural disasters are common during the summer months. Take a few simple steps to protect your tax and financial records in case a disaster strikes. Here are four tips to help you protect your important records. Backup Records Electronically. Keep an extra set of electronic records in a safe […]
Read moreThe Different Types Of State Taxes You Can Owe
Back taxes owed at the state level may include but not be limited to: Sales and use tax Withholding tax Unemployment tax Excise tax Property tax Workers compensation Income tax Each state handles tax liabilities differently and has its own specific procedures and collection avenues. State taxing authorities often are more aggressive in tax collection […]
Read more
