Tax Relief Companies

How to Resolve Tax Debt

There are many options available to taxpayers looking to resolve their tax debt. The simplest method is to pay the entire back tax in a single payment because it does not involve the process of qualifying for an IRS debt payment plan. Taxpayers who cannot afford to pay their entire tax debt in a lump…

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How Unintentional Errors Lead to Tax Debt

Before filing of taxes, taxpayers must ensure that all the information they have included on the return is accurate. Many times, unintentional errors such as forgetting to include an income source or claiming a deduction that they do not qualify for can lead to tax debt. To avoid such errors, taxpayers need to review the…

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Reviews by Customers & their Importance

Customer reviews are valuable in knowing the experiences of others with a product or a service. Most of us read reviews of products and services by other people before making up our mind about using a product/service. They allow us the unbiased insight that cannot be achieved by any other means. Most online reviews are…

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How Do Online Consumer Boards Operate

Consumer boards allow people to post reviews of the products/services they have used. The purpose of online consumer boards is to provide a free platform to consumers where they can share their good and bad experiences with other consumers. This purpose is defeated when people post fake negative reviews to purposefully inflict damage of any…

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Five Tips to Stay Protected from Tax Fraud

Tax frauds are forever devising new ways to cheat. With computers and the Internet being more and more commonly used for filing tax returns and receiving returns, tax fraudsters are more active than ever. Some vital tips that will help taxpayers to beat the scammers are: Never share any personal or tax sensitive information with…

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Tax Fraud of Tax Preparers

Fraudulent tax preparers sometimes misuse the trust of taxpayers to file fraudulent tax returns on their behalf and run away with large refunds. Many times, they tempt taxpayers into filing false tax returns to claim large refunds. Whatever their method is, tax fraud is a crime punishable by law. To avoid falling into the trap…

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IRS Payment Plans for Tax Debt

If taxpayers cannot pay their full tax debt in a single payment, they need to arrange an IRS tax debt payment plan. The IRS has many payment plans, including Partial Payment Installment Agreement, Offer in Compromise, Currently Not Collectible, and Installment Agreement. Payment plans allow taxpayers to resolve their tax debt without paying the full…

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Resolution of IRS Debt without Paying Full Amount

Tax debt is a burden that must be dealt with at as quickly as possible because it only grows with time. Those taxpayers that do not have the financial capability to pay their entire tax debt can resolve their tax debt case using various IRS payment plans that do not require full payment. The two…

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Tax Fraud Alert: Abusive Tax Return Preparers

Even though most return preparers provide excellent service, some file inaccurate tax returns in order to claim huge refunds. Before hiring a tax preparer, taxpayers must ensure that their tax preparer has an Individual Tax Identification Number (ITIN). This unique number given by the IRS to every practising tax preparer ensures that they can track…

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How the IRS Deals with Tax Evasion

Tax evasion is a serious crime. If the IRS suspects that a person is evading their taxes, they might ask for financial details, including assets, liabilities, and financial transactions. The IRS usually audits to ensure there was an evasion of taxes. If a taxpayer is found guilty, along with penalties, there is possibility of imprisonment….

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