It’s no secret that student loan debt creates a financial strain for many Americans. It’s believed that the total amount of student loan debt triples the amount of credit card debt in the United States.
Business owners and executives often look to CPAs and other experts when they need help classifying their employees. They know the IRS and state governments have been paying more attention to employee misclassification, and they rely on your advice to stay clear of legal problems. But what happens if you make a mistake?
One of the greatest displays of strengths in a human is the ability to ask for help. This is no less true when managing your personal debt. Bankruptcy is a way for you to ask for help in getting your debt under control. While medical bills and job loss are two common reasons people file for bankruptcy, back taxes are another reason you may wish to file for bankruptcy.
It's the season for the IRS to start identifying scammers as they emerge from hiding to make life more difficult for both tax preparers and taxpayers alike. While it is true that tax scams can pop up almost anytime of the year, the time directly following tax filings is the most prevalent time for these scammers to appear. Check out some of the worst tax scams that have been sweeping the country.
Although both the federal District Courts and the U.S. Tax Court are judicial forums for resolving tax disputes, there are many opportunities for reaching a favorable resolution before this stage. Specifically, the Internal Revenue Service offers administrative options, such as appeal filed with the Office of Appeals.