Internal Revenue Service (IRS)

Scam Alert: Beware of Fake IRS Email
As folks around the country await their stimulus checks, an email scam has been circulating with an email purporting to be from the IRS…don’t open it!

IRS Income Tax Bankruptcy: Differences Between Chapter 7 and 13
Understand the two very common Chapters for taxpayers looking to discharge income taxes with the IRS. Know the difference between Chapter 7 and Chapter 13 and why bankruptcy is not a good options for unpaid taxes.

How to Request Innocent Spouse Relief
Understanding how to properly request innocent spouse relief is important. If your request is denied is is very unlikely the IRS will give you another chance to file for those years.

Why Hire a Professional to File an Offer in Compromise
Understand why a tax professional such as a CPA, Tax Attorney, Enrolled Agent or former IRS Agent is best to help you file for an Offer In Compromise offer trying to tack the problem yourself.

What Documentation is Required for an Offer in Compromise?
Understand what documentation and IRS forms will be required if you want to request an Offer In Compromise, which is a way of paying less than you owe.

Tax Payment Plans by Order of Severity of Tax Situation
Understand the different types of IRS payment plans or Installment Agreements which allow you to pay the IRS over time or over a series of monthly payments. Find out based on your total tax debt, which one is best for you.

2010 401k Contribution Limits Remain Unchanged
Each year in October the IRS releases the latest contribution limits for retirement plans. Here's a look at the latest 2010 401k contribution limits.

How an IRS Bank Account Levy Works
An IRS bank account levy is one of the harshest and heartless collection mechanisms used by the IRS. If you are under the assumption the IRS will realize you won’t be able to feed yourself or put a roof over your head if they take your money, think again.

4 Ways to Stop an IRS Tax Levy
Understand what a tax levy is and four ways you can stop the IRS from seizing or levying your property.

IRS Letter CP-503 - What it Means & What to Do
Understand what an IRS letter 503 or CP-503 means when you receive it from the IRS, how long do you have to respond, and what your next steps should be.

An IRS Tax Audit Just wants a Few Answers
An IRS tax audit is not to be taken lightly, though it's certainly something you can work through.

Filing IRS Back Taxes: Why it is Important
Even if you don't owe the IRS money, it is extremely important to file your taxes. The IRS can charge steep penalties for unfiled tax returns. If you have unfiled taxes, it is important to deal with them as soon as possible.

Types of IRS Payment Plans
If you think that all IRS payment plans are the same you should reconsider. They offer many types of payment plans, and your situation will dictate how you get involved. Generally speaking, you will have between four months and ten years to pay back the money you owe.

Setting up an Installment Agreement with the IRS
To enter into an installment agreement with the IRS there are several moves that you need to make. While there is nothing difficult about setting up an installment agreement, the first time you do this you may be a bit confused about what is going on. Fortunately, with the right information you can easily move on and have your installment agreement setup and in place soon enough.

Get IRS Tax Relief - Don't Let the Government Push You Around
Did you know that millions of Americans just like you owe back taxes and that there is tax relief available?

Paying Back Taxes Owed by Paying in Full
What does it mean to pay back taxes in a lump sum? To start, you need to know why you owe the IRS back taxes in the first place. This usually happens when you do not file a return for a particular year, and then have to go back at a later date to take care of it.

How to File for a Tax Extension
Generally speaking, the deadline for filing your tax return is April 15. Even though you should do all you can to have your information to the IRS by this date, it is not always possible. Fortunately, the IRS gives you the chance to file for a tax extension if you need one.

IRS Tax Levy Complete Guide
A Tax Levy is basically a legal seizure of property to satisfy a Tax Debt. While a Tax Lien is used as security for a Tax Debt, a Tax Levy actually takes the property to satisfy the amount owed.

How to Stop the IRS from Seizing Assets Because of Back Taxes
The IRS really doesn't want to seize your assets. They have created mechanisms so the seizure of property is the last resort in terms of a collection action. Understand what you can do to resolve back taxes and stop the seizure of your property.

I Want My Earned Income Credit
The Internal Revenue Service is bombarded daily by callers seeking what they refer to as their earned income credit. Many of these societal dregs and rejects believe themselves entitled to this free government giveaway, the reward for having worked at a fast food place for three months.

Can I get an IRS Tax Settlement?
The IRS offers many ways to settle taxes owed for less than the original amount. Qualification will be based upon your financial situation in the eyes of the IRS.

When Should I Seek Help with IRS Tax Problems?
Did you know that millions of people overpay the IRS every year because they don’t seek IRS help with their back taxes or unfilled returns? It’s true and if you owe back taxes, unfiled returns or have payroll tax issues, you shouldn’t pay more than you have to either. The IRS knows they have a lot of power over taxpayers, but it is only because they know the tax code inside and out.

Can't Afford to Pay Old Taxes? Understand Your Options First
What should you do if you can't pay taxes? Understand your options range from gaining Hardship Status, applying for a Partial Payment agreement, from using a credit card, family, and friends.

Innocent Spouse? Getting the Tax Relief You Deserve
Divorce stinks especially if you have been encumbered with your ex’s tax bills and need innocent spouse relief. It happens. During a marriage couples typically file joint returns to get all the possible tax benefits of being a couple.

What To Consider When Filing Back Taxes
Not sure what to do with taxes you never filed? Here are some basic guidelines to consider when filing back taxes

How to Settle Back Taxes: What You Need To Know
How to reduce your taxes and get into compliance with the IRS so you remove or prevent tax liens, tax levies, interest and penalties.

How to Pay Back Taxes - 5 Great Steps To Follow
Understand five tasks you should follow when trying to address IRS back taxes. Gather documentation, contact an IRS tax specialist (optional), File, and decide on your payment methodology.

IRS Back Taxes? How An Offer in Compromise can Help
Understand what an IRS Offer In Compromise (OIC) is and the grounds as to which the IRS will accept your agreement. An OIC is difficult to get accepted by the IRS and a tax professional is highly recommended.

What to Know When Finding a Tax Professional
What should you look for in a tax professional? Here are some common aspects of professional tax help you should consider when attempting to file, settle and resolve IRS problems.

How to Deal with IRS Auditors
One of the worst fears of adults working in America presently is an Internal Revenue Service audit.

IRS Penalties If You Don't or Cannot Pay Taxes
This articles reviews why paying your taxes is recommended because it highlights the negative actions the IRS or State will tax to recover money you owe them. Mainly, what and how penalties start to accrue.

Requesting Back Tax Help
When you owe back taxes it is in your best interest to seek the help of a professional. Tax professionals understand the IRS and can ensure you receive the best resolution possible.

Filing IRS Back Taxes - Do it Quickly and Painlessly
Don’t fear filing back taxes. Take the initiative and show the IRS you mean business. Show them that you know your rights and are unwilling to give up more than you have to. Their intimidation tactics are formidable but your tax expert will know how to volley the next shot on your behalf.

American Tax Relief: IRS Debt Relief Help
American Tax Relief, A few people think that the prospect of using American tax relief means using underhand means of solving their tax debt problems, A few people think that the prospect of using American tax.

IRS Investigation of Internet Evangelist Now Includes Statements about Sen. Obama
The IRS has expanded the investigation into Florida internet evangelist Bill Keller of Liveprayer, to now include comments Keller made about the faith of Senators Barack Obama and Hillary Clinton.

Another Call for Seniors and Veterans to Get Stimulus Checks
There are still about 5 million Americans who haven't claimed their stimulus checks. Most of them are senior citizens and veterans who haven't filed their tax returns. The Internal revenue Service (IRS) is sending out another batch of checks, and this time, they are making sure that everyone gets their tax rebates.

Say Goodbye to the IRS and the Income Tax
There is a way to eliminate the IRS and never be required to file another income tax return; or company tax return for that matter!

Get Your IRS Debt Help Here
For IRS debt help, look no further. Here you'll find out what options you have and the best way to tackle what you owe the IRS.

The IRS Has a Holiday Gift for You - Really, They Do!
In simple terms, Section 179 is an incentive by the United States government to stimulate the economy by encouraging small and medium sized businesses to purchase equipment this year by making it very advantageous in a tax sense.

Surviving an IRS Audit With Minimal Loss
An IRS Audit does not have to be a painful experience. By using a good tax accountant, keeping good records and honest you should not have much to fear. Here are some tips for making the process go smoother.

Won a Hefty Settlement? Here Comes the IRS!
Your lawyer has worked hard for you and won you a hefty settlement and you’re feeling pretty good.

Retirement Planning & 401 K Investing: Secrets to Keeping the IRS Out of Your 401K
When it comes to pension funds, one has several options open on leaving the job. Avoiding all the pitfalls and dangers can be accomplished by choosing the right kind of rollover based on one's specific, individual and unique situation.

IRS Issues Long-Term Care Insurance Premium Deductibility Limits for 2006
The Internal Revenue Service has announced the 2006 limitations on the deductibility of long-term care insurance premiums from taxes.