Finding Real Life Solutions To Your Tax Problem
As we noted in our prior posts, many people don’t think about their upcoming tax returns in August. After all, tax season is about six months away, and most consumers are thinking about maximizing their spending power for Labor Day weekend sales. Nevertheless,...
It may be unusual to think about taxes in August, since next year’s federal income tax deadline isn’t until April. However, there are a number of people who relocate in August; whether it is to go to a new school (i.e. college) or to start a new job....
A taxpayer may feel very vulnerable when they are in a dispute with the Internal Revenue Service. The IRS is a large government organization that has some very significant powers, so it can be very intimidating to face off against this organization. Sometimes, in...
It is not common to talk about income taxes, including forms, deductions and deadlines at the beginning of August. These issues are commonly reserved for March and April. But the reality is that more than 10 million taxpayers applied for extensions this year, and they...
The IRS is aggressive in pursuing taxpayers it believes has underreported its income. The agency estimates that the federal government loses hundreds of billions per year in unpaid taxes due to underreported income, according to CBS News. This explains why IRS agents...