Archive for April, 2012

The Knowhow of an Offer Compromise

An offer compromise certainly is a blessing for many American families who are unable to pay their due taxes. An offer compromise is an agreement that is made under certain predisposed conditions in which the tax payer pays less than the total amount originally owed. There are a number of processes that one needs to […]

Taxable Cancellation of Debt Income

My friend Ned had a lot going on for him. He was one of the top employees at the corporation he was working for and he was on the verge of a promotion that would increase his income by a wide margin. He was expecting a life changing opportunity and started upgrading his life by […]

Cancellation of Debt and Its Impact on Taxes

The latest global recession has left a long-lasting impact on homeownership in the US. Many people started losing their homes because of their inability to make mortgage payments. Downsizing of big corporate firms and industry left many people jobless and that caused a lot of foreclosed homes and the number of homeless people in the […]

Ways to Tax IRS Help

Many people may be looking for tax IRS help which one often finds intriguing. Usually tax laws by the Internal Revenue Service might seem muddled for the common man. The language and terms used might be confusing. Jayden wanted to file his tax returns. He hadn’t filed his tax returns in some years and the […]

Watch Out For Some of the Craziest Credit Card Fees

Credit cards were a big factor in encouraging people in recent years to rather overindulge and overextend themselves. As credit card bills grew, the interest, fees and charges consumers had to pay also grew. It was then that Sue realized she was up against rising fees and charges that weren’t going anywhere quick! Sue was […]

IRS Compromise is Just Like the Start of Your Road to Recovery

If you are an individual or business taxpayer that does not have the income, assets, or means to pay your tax liability now or in the foreseeable future, you may be a candidate for an IRS compromise. The IRS Compromise program allows you to offer a lesser amount for payment of a non-disputed final tax […]

Effects of Tax Levy

Tax levy may be described as one of the powerful tools that the Internal Revenue Service can employ to collect the tax debt owed by taxpayers. This tool allows the IRS to take administrative action against the taxpayer in case of serious tax debt without going to court. The IRS could in the case of […]

How to Avail an IRS Offer

In today’s world, there are many people who fail to pay their income tax or there may be cases where the employer withholds the tax. It is truly surprising to know that there are people who don’t file taxes on a regular basis. Recently the Ohio Supreme Court disbarred an attorney for not filing her […]

How to Get Debt Relief Tax

If you wish to know about debt relief tax, you may want to read on to find out more about this matter. It is advisable that you learn more about debt relief tax especially if you have unpaid taxes or any tax related problems. You may be having a tax problem you think is too […]

The Difference Between Debt Relief Tax and Tax Debt Relief

Taxes can be very confusing; sometimes horrifying. There are so many forms to file and so many different kinds of rules and regulations that sometimes may not even make sense. However, as a responsible citizen you try your best to make sure that you file in your tax returns every year with as few mistakes […]