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Taxes

How to Deal with the IRS if You Can’t Pay Your Taxes

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Maybe you adjusted your withholding too high, or had some self-employment income you spent without setting aside money for the taxes. Maybe you sold some valuable property, or went through a divorce that messed up your finances. Or maybe you paid what you thought you owed, but the IRS sent you a bill because of an adjustment or an error ... Read More »

    Your Chances of Getting Audited by the IRS are Increasing. Oh Joy!

    IRS Audit X-Ray

    Photo Credit: Punk Jr After having lived through one IRS audit in my lifetime I’m not all that enthusiastic about other having to live through a similar experience. I knew it was not going to be a pleasant experience when the auditor called me back 45 minutes late to a gray desk with a guy in a wheelchair sitting at ... Read More »

      Settle Tax Debt for Pennies on the Dollar. The Newest Scam

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      I’m a big fan of the Red Tape Chronicles and Bob Sullivan. He just posted a great article titled “Tax debt settled for pennies? Don’t count on it” and it’s worth a read. But here are some important highlights. That’s why, as tax day approaches, you are hearing seemingly nonstop advertisements for companies that claim magical powers to wipe away ... Read More »

        Phony Tax Relief Scams Need to Be Avoided

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        As tax day approaches, California Attorney General Edmund G. Brown Jr. today urged Californians to avoid “phony tax-relief companies” that charge taxpayers up to $3,000 in up-front fees to reduce or eliminate back taxes owed to the Internal Revenue Service (IRS), but provide no actual relief. “Every tax season, phony tax-relief companies emerge to exploit cash-strapped Californians who owe back ... Read More »

          Advertisements About Eliminating IRS Debt Not Honest

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          Attorney General Abbott Charges JK Harris With Misrepresenting Its Ability To Reduce Unpaid Tax Debts South Carolina firm’s advertisements overstated, misrepresented its tax resolution services AUSTIN – Texas Attorney General Greg Abbott today charged JK Harris & Company, LLC, its owners and two related firms with materially misrepresenting their ability to help Texans resolve their unpaid tax obligations. According to ... Read More »

            Don’t Pay Your Taxes With a Credit Card

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            It’s getting towards that time of the year again when tax bills will come due and many will hope for a big refund to save them from financial disaster. If you owe the IRS, one of the payment options is to use your credit card to pay the bill. But the IRS is special. They get to violate one of ... Read More »

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