Scams & Alerts

Every tax relief firm advertises that it resolves the tax problems of taxpayers better than anybody else, but taxpayers need to know exactly how they will resolve the tax problem. It is essential for taxpayers to inquire how tax relief specialists will find a solution to their tax problem before they hire them. Their inquiry…

Next year will bring additional taxes with it. From the first of January, 2013, an increase in income tax, medicare taxes, social security taxes and Obamacare taxes will be seen. Along with that, $120 billion federal government spending cuts are ordered for 2013. The result: it might push the country off the “fiscal cliff”. The…

Everybody hates taxes, more so when they get into tax debt. The reasons for getting into tax debt are many. Some do not believe in taxes and do not pay it, some cannot afford to pay taxes, and some others do not pay thinking the IRS will not find out. Whatever the reason might be,…

Taxes may go up for as many as 163 million workers if Social Security payroll taxes that are due to expire this year are not extended. In the bitter battle of elections, the issue that can mean $1000 additional taxes to a typical worker remains under the cover. Neither the Republicans nor the Democrats are…

Taxpayers who are looking to get outside help for the resolution of their tax debt problems face the biggest hurdle in choosing the right tax resolution company or tax professional. Hiring a competent and honest tax debt help is not easy considering that the industry of tax resolution services is spotted with scammers and ineffectual…

Is it time to go back to the times when the U.S. taxes were principally based on consumption? That is the question many ask because paying of income tax has become a burden difficult to carry for middle and lower-class taxpayers. Maybe it is time to look for alternatives. What is Consumption Tax? Consumption tax…

Tax debt is the most common tax problem faced by American taxpayers. Non-payment of taxes is the only way through which taxpayers can get into tax debt, but there are various ways to get out of it. Taxpayers who fail to pay taxes owed to the IRS may receive IRS notices for the collection of…

There are high chances that you might be hearing about cash-sniffing dogs for the first time. It is also a first for Italian police. They are now using trained dogs to sniff out cash at airports in an effort to bring down illegal transfer of tax money in and out of the country. The effort…

Most taxpayers who get into tax debt for the first time are confused whether to hire help or not. Although there are some simpler tax issues that do not require expert help, complicated tax issues such as tax debt payment, tax liens and tax levies require the expertise of tax lawyers for effective resolution. Tax…

If you have decided to rent out your property, you will be seen as a landlord by the IRS and required to report the rental property in your income tax returns. To reduce your tax burden on property you have put on rent, you can use some tax tips on deductions. You are required to…