Posted on February 27, 2023

Every IRS debt resolution plan has specific restrictions, some of which are negotiable. As every tax debt case is different, there is scope of negotiations with the IRS. To qualify for any tax debt payment plan, the applicant must have filed all past tax returns. Even if they cannot pay their entire tax bill, they... Continue reading →

Posted on February 21, 2023

One of the most used IRS tax debt resolution plans is the Installment Agreement. There are many kinds of Installment Agreements based on the amount of tax debt owed. Each has its unique qualifying factors. These agreements allow a taxpayer to pay the entire tax debt amount in fixed monthly installments over a specified period... Continue reading →

Posted on February 20, 2023

Tax debt becomes difficult to resolve if taxpayers take the wrong steps in the resolution process or postpone payment of tax debt. There are ways to resolve tax debt comfortably, but for that, you need to carefully consider the particulars of your tax debt case, including: Your ability to pay The duration of the debt... Continue reading →

Posted on February 19, 2023

Every tax season is different in some ways because of the new tax laws, IRS initiatives, improvements in IRS services, and differences in taxpayers’ financial and/or personal status. Along with catching up with the changes, taxpayers also need to remain safe from tax scams during the tax season, including tax preparer fraud and identity theft.... Continue reading →

Posted on February 18, 2023

Many taxpayers hire the services of a tax preparer to prepare their tax returns. Even though many individual taxpayers are able to prepare their return themselves, businesses find it difficult to prepare returns because of the many tax rules that they need to comply to. When hiring a tax preparer, there are certain things that... Continue reading →

Posted on February 17, 2023

Not everyone who files taxes requires the services of a tax preparer. Many taxpayers comfortably prepare taxes themselves. If you understand your tax obligations, you have the time, and you are good at calculations, you might want to prepare your taxes yourself. Generally, taxpayers hire a tax preparer to handle their taxes because they are... Continue reading →

Posted on February 14, 2023

For tax debt amounts that are small and can be paid in full, there is no need to hire professional tax help. Taxpayers can simply pay the entire tax debt amount in a single payment. Remember that the amount to be paid will include penalties and interest. Taxpayers who cannot fulfill their entire tax debt... Continue reading →

Posted on February 13, 2023

There are various ways to resolve tax debt, but in every case, there is only one method that is the most beneficial. It is important to find the method that helps to resolve tax debt comfortably and in the shortest time possible. The IRS has various payment plans to assist taxpayers in achieving a comfortable... Continue reading →

Posted on February 12, 2023

Most of us believe that everything we know about taxes is accurate. Although inaccurate knowledge about taxes that does not affect our taxes does not hurt us, it can be damaging to believe tax myths as facts when dealing with the IRS or planning for the future. Many taxpayers believe that post-retirement, they will not... Continue reading →

Posted on February 11, 2023

Though the IRS may conduct an audit even if your tax return is accurate, you can lower your chances of an IRS audit by complying with tax rules and maintaining your tax records. Before filing your return, re-check the calculations you’ve made on your return to ensure that there are correct. It is particularly important... Continue reading →