The Internal Revenue Service (IRS) claims that you owe it money. And lots of it. Your natural reaction is to become nervous, outraged, or a combination of both. Then, once you get over the initial shock of being targeted by the IRS, you resolve to fight back with the help of a tax relief service…

You count on every cent you receive in your paychecks. Discovering that the California Franchise Tax Board (FTB) has decided to garnish your wages can be both a financial and an emotional blow to you. The good news? The FTB may threaten to collect debt from you by seizing a portion of each of your…

The past several months have been beyond busy, and as tax time approaches, you are struck with a startling revelation: You forgot to pay your quarterly taxes last year. What now? The truth is, unfortunately, there are penalties for missing your small business quarterly tax deadlines. However, understanding what these penalties are can help you…

Being randomly selected for an audit is, to say the least, never something you want to be chosen for. You may end up receiving a notice of an audit because your tax return is missing a great deal of information. An audit may also happen if your return has questionable items or if the amounts…

Envision this scenario: The Internal Revenue Service (IRS) has contacted you to let you know that you owe the government a large sum of money. Meanwhile, you’ve received an official letter in the mail from a tax relief company indicating a notice of investigation. You may be tempted to reach out to that tax company…

You enjoy making charitable donations for two reasons. One, it feels good to help someone in need. And two, you’re helping yourself at the same time on your taxes. The problem? You may be tempted to pad a legitimate tax deduction, or perhaps you claim deductions that the IRS doesn’t allow. Either way, the reality…

We’ve all been here: opening up envelopes from the IRS before or after tax season with that rising sense of anxiety. You know that your tax situation is far from perfect; in fact, it’s not even in the ballpark of perfect. Unfortunately, you find yourself at a standstill, as you have no idea how to…

When you’re dealing with tax issues, your circumstances don’t just impact your finances,  they also impact your mind and overall well being. You may find yourself questioning your past choices and wondering what the future holds. If you owe back taxes, your biggest fear may be making the wrong decision in your dealings with the…

For some people, tax season is a breeze. They have a simple filing status, no complicated loans, and a single source of income. For these people, basic tax software is all they need to make sure their returns are filed accurately. Others have more complex tax issues that encompass multi-level business partnerships, mergers and acquisitions,…

The first step in filing your tax return every year is to figure out your IRS filing status. This is a very important part of your tax return because it is used to decide what requirements apply to you, which standard deductions you can use, your eligibility for certain credits, and the correct amount of…

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