Scams & Alerts

The way is foggy for anybody who is looking to get tax debt relief for the first time. Taxpayers know what they want: Quickly getting the tax debt off their shoulders. But they must know the various options available to them to get freedom from tax debt. Before hiring a tax debt relief firm or…

The IRS is boasting about issuing tax refunds faster than ever before in 2012. According to them, they “issued more than 9 out of 10 refunds to taxpayers in less than 21 days last year”. So, this year you might expect to receive your tax refund within 21 days, but are not to worry if…

If you are worried about your growing tax debt, getting help from tax lawyers to understand your case can ease some of your worry. Many professional tax debt relief firms offer free consultation to taxpayers. It is best to first do your research and then contact a legitimate, experienced firm. Explain your tax debt situation…

Everybody has been talking about how the country must not fall off the fiscal cliff. What is fiscal cliff? Fiscal cliff is the key tax increases, expiring of spending cuts and other tax changes that are going to take effect from January 1st, 2013, if no efforts are made to stop the changes from taking…

Many American taxpayers have benefitted from hiring the services of tax relief specialists. Legitimate tax relief services assist taxpayers in resolving their tax problems in the best possible way, but hiding behind the façade of genuineness, there are fraudulent tax services that cheat taxpayers off their money and leave them with more problems than they…

The new rules by the Treasury Department looking to target offshore assets of U.S. taxpayers may come into effect from January, next year. Foreign Account Tax Compliance Act (FATCA) will introduce new regulations for improving compliance with respect to foreign financial assets and offshore accounts. The Act was enacted in 2010, just two years back,…

Paying taxes is complicated when you do not have the ability to pay the entire tax liability in lump sum. As most taxpayers are financially capable of paying their tax debt in installments over a period of time, they choose Installment Agreement plan of the IRS to pay the taxes they owe. Some points you…

Taxpayers are already paying more taxes, thanks to a number of tax breaks that expired this year. Amidst the talk about fiscal cliff, major tax breaks enjoyed by corporate, tax breaks expiring in 2012, and more, the fact that some biggie tax breaks have already expired got buried. Both individual and business tax breaks expired…

The IRS does not want to believe that sometimes taxpayers are not even aware that they are in tax debt. Usually, it happens because of inaccurate filing of taxes. Taxpayers believe they filed the return correctly and are in compliance with the IRS until they receive an IRS notice regarding tax debt. Underpayment of taxes…

Increase in income tax for the rich is not yet final, but starting next year the rich will be paying higher taxes, with or without the increase in income tax. They will see an increase in payroll taxes on wages, tax on investment income, which includes interest, capital gains and dividends. That is final because…