Tag: reduce your taxes

How Your Tax Rate is Determined

IRS Tax Debt Help! [adsenseyu1] Could you be a 15-percenter? A look at factors that determines your tax rate It seems everyone is talking about the huge disparity between the tax rates that the rich pay as opposed to the rest of us.   Why is it that many, if not most of the wealthy people pay not much more than 15%   while the rest of us pay upwards of sometimes 35%.   Are there ways to reduce your taxes…

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The 5 Ways to Settle Your Tax Debt Problem

IRS Tax Debt Help Know that if you are dealing with an IRS tax debt can be a very stressful problem. I have had many clients over the years where it has just been too much to actually deal with it. Here is one case study. "Jim from Las Vegas:   I owe the IRS about $35,000 for the last five years of my tax returns. The returns are already filed, but I am considering amending the return to take advantage of more tax…

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IRS Tax Debt Help – Why You Must File Your Tax Returns

[adsenseyu1] IRS Tax Debt Help IRS Tax Debt Help Most people know the IRS adds penalties and interest to their tax debt. What they don't know is that penalties and interest can be almost 50%. Don't believe me? That's because when you hear "penalties and interest" your mind thinks well how bad can the interest rate be? The interest rate itself isn't that awful although the IRS compounds the interest rate daily at a variable interest rate. BUT, it's the penalties that are brutal. In addition to the…

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IRS Tax Debt Help – New Rules For Filing Unpaid IRS Taxes

New Guidelines For Filing Unpaid IRS Taxes In 2010, the government changed some of the rules regarding the filing of unpaid IRS taxes. Tax payers who intend to file the longer kind for deductions can't file until finally February 15th 2011. These who intend to file the shorter fast form are expected to file prior to that date. It is crucial that everybody file by April 15th 2011 for the unpaid taxes of 2010. This new set of deadlines will help…

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IRS Tax Debt Help – What To Do If You Owe Money To The Government

What to Do If You Owe Tax To The Government Things are going fine and all is properly 1 day, until finally you choose to verify the mail. You see a letter stamped Internal Revenue Service, and you know that this most likely isn't a good sign. In reality, when you get into the subject material, you uncover out that you owe taxes to the government from two many years before. What do you do, and how do you take care…

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IRS Tax Debt Help – Overage From County Sale is A Huge Opportunity For Crafty Entrepreneurs

Overage From County Tax Sale - A Huge Opportunity For Crafty Entrepreneurs Even if you'd in no way contemplate owning properties for an investment, if you are the entrepreneurial sort, this is going to excite you. Overage from county tax sale is when bidders bid more for home at tax sale than the government is owed in house taxes. Most individuals do not pay any interest to what takes place to that extra income soon after the auction's more than. The overage…

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IRS Tax Debt Help – 7 Things Business Owners Must Know About Payroll Costs

Tax Help: 7 Points Company Owners Need to Know About Payroll Taxes The IRS assigns a significantly higher priority to the collection of payroll taxes mostly since at the end of the year, most staff can claim the taxes deducted on their W-2s as a credit and get a refund for their income. All the although, the employer may have never ever sent out the tax payments to the IRS which signifies the government is out of their cash on a…

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IRS Tax Debt Help – Audits On The Rise

Business Tax Audits on the Rise Plus 2011 Tax Adjustments That Could Cost Your Enterprise More than $six,000 The IRS is at it once again. The stealthy and highly aggressive agency has additional two new 1099 tax types for companies, requiring extra caution and a great number of a lot more hours in reporting and preparing your tax returns. This means all organization, no matter how modest, will be affected. Regardless of whether big or modest, it is essential to be…

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IRS Tax Debt Help – Do You Fear Jail Time Because of Back Taxes?

Many people talk to me, fearful that they face the possibility of going to jail because they are behind on their taxes.  I want to put your mind at ease about that. While it is a possibility, jail time is the worst case scenario.  Generally, the IRS only uses that solution against those who deliberately cheat on their taxes. If you just made an honest mistake, you're not going to jail. You don't need to worry about that . . .…

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