IRS

Now that you filed your 2019 return, you might think you are done dealing with taxes until next spring. However, if the IRS determines there is something amiss with your reporting, you could face criminal charges. A person found guilty of a willful attempt to "evade...

Though you know you must pay taxes, you probably try to conserve your money as much as possible. Fiscally responsible though you may be, the Internal Revenue Service (IRS) calculation of additional fees often augments California's significant tax rate.Due to the...

The current global health crisis affected every area of life. Temporary business closures, layoffs and distance learning put many incomes at risk, the natural result of which created complicated financial situations for many Californians.Travel bans have reduced...

You can't escape from death and taxes. However, you may be able to discharge certain tax liabilities through bankruptcy.Most tax debt can be discharged if you have filed tax returns for at least two years before seeking bankruptcy protection. However, if the IRS has...

Countless Americans are facing financial turmoil. According to recent reports, more than 10% of workers between March 17 and April 2 filed for unemployment in the last three weeks. Sadly, many of them weren't preparing for an economic downturn, as market predictions...

The Internal Revenue Service announced its plans in February to make face-to-face visits with high-income individuals who haven’t submitted one or more tax returns in recent years.The IRS says it will target those making more than $100,000 per year who haven't...

The Internal Revenue Service (IRS) released its annual report in January, saying the agency achieved convictions in 91.2% of all cases it prosecuted in 2019.The IRS report emphasized the agency’s aggressive enforcement activities, but officials also stated the...

Many people struggle with overwhelming debt, and bankruptcy can be a good way to recover from it. It offers people a way to pay down or outright discharge remaining financial obligations. Bankruptcy can provide a way to start over and get life back on...

IRS seizure is something that no small business owner wants to deal with. That being said, if the IRS suspected owners were skirting the laws about financial transactions, the possibility of having their assets seized was all too real.   How the IRS seizes...

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...