Month: August 2018

Increase Self Employed!

The House says it is worried about the growing numbers of self-employed people because it creates opportunities for them to avoid taxes. If you’re self employed, it’s important to have solid accounting so you don’t get in tax trouble.

Unpaid Tax Debt Affecting Your Ability To Obtain Or Renew A Passport?

As many as 362,000 Americans with unpaid tax debts will not be able to apply for or renew passports until their debts are settled. The new law requires the Internal Revenue Service and the State Department to deny or revoke passports for people who have an overdue tax debt of $51,000 or more. If…

Taxable Income, But No Cash?

A variety of events can give you taxable income even though you’ve seen no cash. Here’s how it works when you have taxable income but no cash.      

Achieve Tax Resolution with an Offer in Compromise!

An offer in compromise is the IRS’ tax resolution debt settlement program. It’s a program for taxpayers who owe the Internal Revenue Service more money than they can afford to pay. It’s the IRS’s version of a “fresh start” when it comes to tax debt. If approved, the IRS accepts a lesser amount…

Do You Owe Back Taxes? Why You Should Stop Panicking and Start Planning !

If you owe back taxes to the IRS, some amount of panic is understandable. After all, the Internal Revenue Service has the power of the federal government in its corner, something no other debt collector can claim. They are considered the most brutal collection agency on the planet. It is easy to…