Scams & Alerts

Unpaid taxes, if they stay unresolved, not only lead to collection actions, but also increase the total tax debt amount to be paid. Many taxpayers do not know if they owe taxes or not, especially if their income is low. To calculate your taxes, you can use free tax preparation assistance from the IRS or…

Two-third of taxpayers take the standard deduction instead of itemizing, but if you are contemplating whether to itemize or take the standard deduction, you should evaluate which method will save the most taxes. PNJ tells you in which situations it will be a good idea to itemize your deductions. “For tax year 2013, the standard…

Paying tax debt in installments is one of the most common methods of resolving tax debt. Many people choose one of the IRS’ various Installment Agreements to pay their tax debt because it allows easier payment of the debt. Those who have the financial strength to pay their full tax debt, but do not want…

An IRS phone scam is in news because it was recently revealed that thousands of people across the country have received phone calls from scammers pretending to be the IRS. The calls grow threatening and are many times followed by calls claiming to be from the police. To date, there has been a loss of…

Tax debt is not always the result of a taxpayer intentionally not paying or filing their taxes. Erroneously filed tax returns where there are miscalculations or wrong credits claimed can lead taxpayers into tax debt. If the IRS, after the review, finds that you owe taxes because of these types of errors, it will send…

If you are retired and find yourself struggling to prepare your tax return, you can seek free help from the AARP.  The AARP, the American Association of Retired Persons, is a non-governmental organization and interest group founded in 1958. It provides free tax help to the elderly and low-income taxpayers that often cannot hire professional…

Cases of tax fraud increase drastically during tax season, when taxpayers around the country prepare and file their tax returns. In order to obtain a fraudulent tax refund, tax scammers steal the identity of taxpayers, coerce them into falsifying information on tax returns, and/or trick them into filing erroneous tax returns. It is, therefore, during…

The IRS has revised the rules for taxpayers who receive income from the U.S. possessions namely the U.S. Virgin Islands, Puerto Rico, American Samoa, Guam and the Northern Mariana Islands. The tax filing rules vary for individuals who receive income from any one or more of the U.S. possessions specified above. Tax News elaborates: “A…

Tax debt resolution does not have to be complicated if you use the right steps for resolution. Even when using professional help, it is important to choose the right help to avoid complications later. Successful relief from IRS debt requires an understanding of the payment plans, the specifics of your tax case, and of tax…

President Obama has proposed the extension of the 30% tax credit for those who invest in properties that produce advanced energy vehicles such as hybrid electric vehicles or facilities that store energy for electric vehicles. Fox News discusses the proposal: “The White House is proposing billions in additional tax incentives in fiscal 2015 for buyers…