Owing taxes to the IRS can be confusing and I don’t think it is something anyone gets that excited over. If you don’t have the right team in place to help you, you could end up owing a lot more to the IRS than you really needed to. So we want to make it as… Continue reading How to Complete IRS Form W-9
Tag: Tax Relief
9 IRS Tax Resolution Options That Work
The IRS collection process and the penalties that accompany it can be stressful and overwhelming. The IRS recently estimated that the number of taxpayers penalized for underpaying their estimated taxes has risen nearly 40% in just five years. In 2015, 10 million tax filers were penalized for either miscalculating what they owed and underpaying or… Continue reading 9 IRS Tax Resolution Options That Work
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
Should I Be Afraid of the IRS 1099–C Cancellation of Debt Form?
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?