Category: Uncategorized

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

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

As one of the least understood documents ever created by the IRS, the 1099–C-Cancellation Form inevitably strikes a feeling of dread into the hearts of those who receive it. Why? Because this form is for those who were so deep in debt that even their creditors decided to give them a break and either reduce… Continue reading Should I Be Afraid of the IRS 1099–C Cancellation of Debt Form?

Fraudulent schemes have been around since the beginning of commerce. Many fraud cases involve complicated financial transactions conducted by ‘white-collar criminals’ who position themselves as legitimate business professionals, or the ludicrous promise of West African riches from a Nigerian prince. Other scams prey on our societal fear of authority, disguised as official correspondence from the… Continue reading 6 IRS Scams and Fraudulent Schemes

Ok, so you have debt from the IRS. That tax debt is pretty hefty. On top of that, you have all the other bills that you need to pay. This is not fun, to be honest, and the question then becomes how can you manage your debt with the IRS and all of your other… Continue reading Top 5 Ways to Manage IRS Debt Effectively