Scams & Alerts

Taxpayers should apply for extension of time to file their tax returns if they are not able to make the April 15th deadline. Tax returns filed after the deadline will attract penalties, as well as interest charged by the IRS for the failure to file on time. This year, the IRS is providing relief from…

The Better Business Bureau (BBB) has issued a warning about the top tax refund scams taxpayers will come across in 2013. I.D. Phishing is the most common method of stealing sensitive information from taxpayers in order to file fraudulent tax returns to claim huge refunds. Scammers rely on the gullibility of taxpayers to get their…

Being in tax debt can be worrying because the IRS can anytime begin the collection process if no efforts for resolution are made by the taxpayer. Financially, a tax debt is strenuous because a taxpayer’s debt amount increases over time due to interest the IRS charges monthly. IRS Debt Payment in Full If the amount…

Under a new act from the U.S. government, the IRS can access information from hidden offshore accounts of American taxpayers. Agreements with countries, such as Switzerland, Israel, India, Hong Kong, and Singapore will make it possible for the IRS to go after taxpayers who evade taxes by keeping their unaccounted money in offshore accounts. The…

The IRS is known for its aggressive collection of tax debt if taxpayers avoid paying their back taxes after repeated reminders. The two most common methods of collection the IRS uses are a tax lien and a tax levy. A tax lien on its own is not a collection action; however a tax lien places…

Since there has been talk of increasing taxes for the mega-wealthy, majority of the public agrees that the rich must pay additional taxes to help the economy recover. President Barack Obama and Democrats in Congress have also pushed for increased taxes for the rich. Even though all taxpayers have been hit with higher taxes because…

There are multiple reasons for taxpayers to hire tax professionals, including tax preparation, tax debt resolution, and IRS collection releases. When looking to hire a tax professional to resolve a tax problem or to prepare a tax return, taxpayers must know that fraudsters are lurking not too far behind. Tax Preparation Help Most taxpayers hire…

In 2013 many Americans noticed their payroll taxes increased. There has been a lot of talk about increasing taxes on certain segments of taxpayers, both in favor and in opposition. U.S. News brings their perspective to the discussion by suggesting that the government needs to limit its spending rather than asking taxpayers to pay more…

It is not always intentional misrepresentation tax figures that results in an IRS penalty or tax debt. Many times, taxpayers, especially those who prepare their taxes themselves, or using software, are made aware of the inaccuracies in their tax return by the IRS. In either case, the result is a tax debt Free Tax Help…

Stealing identities of taxpayers is not only a paper crime; tax thieves have also committed murders to gain access to taxpayers’ personal information. In December 2012, a gang of tax identity thieves gunned down a taxpayer named Bruce Parton to steel his master key. It was a part of their scheme to file false tax…