Scams & Alerts

Why Early Resolution of Back Taxes is Beneficial

Back taxes, if remain unpaid for years, can increase to epic proportions, and become difficult to pay, even for celebrities. Comedian Katt Williams’ 2007 tax debt totalled up to $284,000 after he stopped paying. As in most cases where taxpayers do not pay their entire tax debt, the IRS placed a lien on Williams. The…

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“The Queen” of IRS Tax Fraud Busted, Stands Trial

Rashia Wilson and her boyfriend filed more than 220 fraudulent tax returns from 2009 to 2012, claiming $1.9 million in false tax refunds. The IRS approved most of the returns and sent out $1.3 million in refunds. Rashia Wilson posted her crime on her Facebook page, along with a picture and a caption: “YES I’M…

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Tax Debt Relief: What the IRS Wants?

It is true that significant tax debt is not easy to pay, but some of the difficulties can be eased. Many tax debt cases qualify for tax debt relief, such as reduction of IRS penalties, or a reduction/postponement of the tax debt itself, but appealing and negotiating those terms with the IRS requires professional help….

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Unequal Taxes: Good States for Taxes & Bad States for Taxes

Paying more taxes is now a reality with the hike in payroll taxes for 2013. While the rise in payroll taxes is uniform, not all taxes are equal. In different states, taxpayers pay a different amount in taxes even if their earnings are the same. From state to state, taxes, including individual income tax, corporate…

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From Where to Get Help for Tax Filing & Tax Relief

Tax season is here and taxpayers are calculating their taxes, reviewing their earnings, and seeking help to submit their taxes to the IRS. It is also the time to file any unfiled years to resolve past non-compliance. During the tax season, along with taxpayers, the IRS and the tax industry, tax frauds also become active….

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Governors Weighing Sales Tax & Income Tax

It’s not only taxpayers who are thinking about how to deal with taxes, but governors are also. They are brainstorming towards simplifying the federal tax system, and more importantly, looking to shift the tax system from that of income to consumption. Both charging tax on income or on consumption has advantages and limitations. Even if…

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The After-Effects of Tax Debt Relief Scams

American Tax Relief, Tax Masters, and Roni Deutch were big names in the tax debt relief industry until their scams were discovered. The result of their tax scams is widespread distrust among taxpayers about the honesty of tax resolution companies. As it happens in such cases, the good also suffer with the bad. Tax professionals…

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The IRS versus Tax Frauds

Although the IRS claims it is making efforts to curb tax fraud, a report by the US Treasury Department’s Inspector General for tax administration has revealed statistics about tax fraud that have come as a surprise, not only because of the extent of tax fraud taking place, but also because of the IRS’ incapability to…

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Help for Tax Debt Resolution: From Unfiled Taxes to Tax Levy

The non-payment of taxes, even if it is only for a year, leads to an increased tax debt amount. Taxpayers who have not filed their returns for either one year or many years find that the IRS has discovered their non-compliance when they receive an IRS notice regarding tax debt. The notice is the beginning…

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Taxpayers’ Reactions to Higher Payroll Taxes

Many American taxpayers have received a payroll check in the new year that seems smaller, forcing them to re-think their spending. Higher payroll taxes have hit. The reality of the sliced paycheck is difficult to digest. Yet, the two-year tax cut, cutting Social Security from 6.2 percent to 4.2 percent, ended in 2012. Taxpayers are…

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