So, it’s a brand new year and the due date to file your income taxes is just around the corner. But what happens when you can’t pay the IRS what you owe? The thought of not being able to afford one’s taxes oftentimes conjures images of a vengeful IRS seeking to ruin your life by taking everything you own. Certainly, if you try to hide from your tax bill things are only going to get worse for you. There will be Read More
How to Resolve Your Business’ Tax Troubles
What to do if Your Business Owes Outstanding Tax Liabilities to the IRS New businesses commonly face tax and liabilities problems. The IRS has entire Audit Technique Guides devoted exclusively to Architects and Landscape Architects, Art Galleries, Attorneys, Business Consultants, Child Care Providers, the Construction Industry, Farmers, Partnerships, the Retail Industry, and the Wine Industry. Small businesses Read More
The Freedom to Request Information
Among the several rights granted to United States citizens, the Freedom of Information Act (FOIA) is one that most people overlook. It is a significant privilege. In 1966, Congress enacted FOIA to provide individuals with access to “identifiable records.” Records could be obtained without the requirement to demonstrate a need or reason for the records. This means that the government had to show a reason for Read More
Identity Theft
The IRS on Identity Theft Be aware! The IRS has issued warnings to taxpayers to protect their tax-related information from thieves. These thieves may want to use an individual’s stolen Social Security number to file a tax return and claim a fraudulent refund. The IRS has issued warnings, in a series of news releases. IRS personnel are increasing awareness in order to keep taxpayers from becoming victim to the Read More
The Framework of the Internal Revenue Service
Just what exactly is the IRS? Many can describe what the Internal Revenue Service (IRS) does through personal experiences, some good and some bad. Have you ever wondered, though, just what the IRS is? The IRS is a branch of the U.S. Treasury Department, and it is supervised by a Commissioner who is appointed by our President. Though its main headquarters are in Washington, D.C., the IRS has regional campuses that Read More
