You may know that you owe the IRS money, but do you know exactly how much you owe? Maybe you’ve received correspondence from the IRS in the mail stating that you owe a debt, but it’s not clear how much it is. The trouble with the paperwork that the IRS sends out is that it… Continue reading 3 Ways to Find Out How Much You Will Owe the IRS
Month: September 2018
How to Qualify for the IRS Fresh Start Tax Program
The Internal Revenue Service (IRS) occasionally find ways to assist taxpayers in paying back the tax debts they owe the government. The Fresh Start Tax Program (FSP) is one such effort. First announced in 2011, the program was designed to make it easier for individuals and small businesses to get out of IRS tax debt.… Continue reading How to Qualify for the IRS Fresh Start Tax Program
Tax Evasion vs Tax Fraud and Statute of Limitations
Many of us have heard about tax evasion and fraud, but what do these terms really mean? Is there a difference between evasion and fraud? In short, the answer is YES. Tax evasion and fraud are not just problems faced by master con artists and embezzling white-collar criminals, or celebrities who are notorious for getting caught… Continue reading Tax Evasion vs Tax Fraud and Statute of Limitations
What a Tax Audit Really Means
Finally, your taxes have been submitted to the IRS, and you’re ready to sit back, relax, and wait for that tax return to roll in. But then you receive an alarming notice that instead of a return this year, you are getting an audit and you start to panic. Sure, you’ve heard the word before,… Continue reading What a Tax Audit Really Means