The IRS is hoping that the third time's the charm with private tax debt collection. Beginning in early 2017, private companies will be hired to pursue old, delinquent, outstanding accounts that the IRS doesn't have time to do itself. Private collection of IRS tax debt...
Just about anyone who has a foreign bank account is aware of the importance of reporting these accounts to the U.S. federal government. According to the Bank Secrecy Act, any citizen or resident of the United States with signature authority or financial interest over...
Did you hire a nanny or full-time babysitter to care for your children over the summer break? If so, you may owe a "nanny tax" by the end of September.If you paid a caregiver $2,000 or more in a calendar year, that individual is considered a household employee,...
With today's technology, it can be difficult to determine if something is real or just a good imitation. This is often the case when you receive a call from someone claiming to be with the IRS - demanding payment for tax debt. You may think you would be too smart to...
If the IRS wishes to do an audit of your tax return, do not panic. In most cases, an audit is simply the government wanting to double check the numbers that were provided on your return. The IRS investigation will go smoothly if you have provided correct numbers for...
Technology giant Apple, Inc. is in some tax trouble with the European Union (EU), which will end up costing the company billions. On Tuesday, August 30, Apple was ordered to pay up to $13 billion Euros ($14 billion) to Ireland in back taxes.The ruling is due to an...