Tag: tax debt problem

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…

Read more

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…

Read more

Completing Form 656 – Offer in Compromise

Dealing with a tax debt problem can be a nightmare. Yes it can be a lot of work but if you are diligent and put in the work there is a light at the end of the tunnel. If you are going through the ordeal of trying to deal with your tax debt problem by your self, this is a video of how to complete an Offer in Compromise application Form. These forms will lead you through a series of…

Read more

Need Help Settling Your Tax Debt Problem?

So you have a tax debt problem with the IRS.  Nobody ever said being a grownup was easy.  Sure, there are some perks.  However, above all else, adults are expected to be responsible. They should go to work, raise their kids, and pay their taxes. That's how the entire human comedy retains perpetuating itself. Of course, every so often it hits a snag. America has earned a slightly unhealthy reputation for debt in current years. The United States is officially the…

Read more

Tax Debt Problems – IRS Tormenting Taxpayers Who Are Struggling

IRS Tax Debt Help: Do you feel that the IRS is actually targeting you because of your tax debt problems? Your not alone. The IRS has really stepped up it's collection practices this year and it will only continue to get worse.  Nina E. Olsen is the national taxpayer advocate and says that the IRS is increasingly using what she calls, "hard-core" tactics.   This is creating needles misery for taxpayers. IRS Tormenting Struggling Taxpayers Originally posted in Politico |…

Read more

IRS Tax Debt Help – Delinquent Tax Return Preparation And Filing Help

Delinquent Tax Preparation and Filing Help Millions of Americans fail to file their individual revenue tax returns every year. Some of these folks have completely affordable explanations for why they did not file and pay. Perhaps they have been seriously ill or they had been traveling abroad. Of course, the most typical explanation for these so-called non-filers is that they merely could not afford their tax bills. Regrettably for those men and women, failure to file federal revenue taxes is a…

Read more

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…

Read more

IRS Tax Debt Help – Stages Of A Property Tax Appeal Process

There are several steps for the property tax appeal process. The first step is to determine if you are receiving a higher assessment than what you believe the property could sell for in this period. If you feel the assessed value is high, you can then take the first step towards appealing the tax bill. If you do not succeed on the first level, you have two other levels to appeal to before taking the final step in a courtroom. The…

Read more

IRS-Tax Debt Help – Abused Spouses and Innocent Spouse Tax Relief

Innocent Spouse Help.  All to often women who are abused physically, verbally or mentally are scarred to confront their husbands about possible problems concerning their tax returns. Even after divorcing, income tax returns that were filed erroneously during the couple’s marriage, can still follow an abused spouse if income was not included or tax was understated on returns filed while the couple were married. There is a great article here that does an excellent job of explaining the aspects of…

Read more

IRS Tax Debt Help – Can The IRS Take Your Money?

[adsenseyu1] Can the IRS Take All My Money? You know,  I have learned that most of the people that talk to me fall into two broad categories. The first category are people who are tired of wondering when the IRS is going to lower the boom!  They've decided to deal with their Tax Debt Problem before it becomes an even bigger problem. The second category are the people who waited too long, and they're in a panic because the IRS has already lowered…

Read more