There is no denying that paying taxes is part of life. It doesn't matter where you live or how much money you earn; it's almost guaranteed that you're required to pay your fair share.In addition to paying federal taxes to the IRS, you'll do the same on the state...
Month: November 2016
What is a tax lien and what can you do about it?
Imagine that you rack up some debt with a creditor, and as time goes by your creditor expects to be paid back. But after you fail to pay, the creditor grows tired of waiting and informs you that you must comply with the loan agreement. You still refuse to pay.Now, in...
Here’s how to proceed in the wake of an audit
Getting audited sounds as bad as it actually can be. The phrase "getting audited" will strike fear in the hearts of many, and once they actually go through with an audit, they will understand why it is such an abhorred process. However, once you get over this feeling...
Does the IRS always follow procedures for determining tax debt?
The IRS should always follow the same procedure for identifying delinquent taxpayers and determining the collectiblility of tax debt. Unfortunately, according to a recent report, this is not the case. According to the Treasury Inspector General for Tax Administration...