General Tax Information

Maybe you don't have the money or can't get a loan to pay the taxes you owe to the IRS. However, the IRS debt does not vanish. The debt will accrue interest and penalties, which will increase the...

While you may have had federal taxes taken out of your check each pay period this year, you may still have to pay additional taxes when you file your income taxes. The amount of tax you have to...

Every year some taxpayers face challenges to pay additional taxes to the IRS. In this tough economy, it may be difficult to pay additional money to the IRS. Like most bills, the IRS does not wait...

If you are unfortunate enough to be required to pay additional taxes each year after filing your income tax returns, arrange for immediate payment or arrangements for payment. If the government...

The government requires most people, including yourself, to file income taxes each year. Whether you are required to file depends on your age, filing status, and income. If you are not fortunate...

If you owe the government taxes now or in the past, you may have a tax lien against you. A tax lien is placed against your property by the government to secure the amount of taxes you owe. You...

When you incur a debt with the Internal Revenue Service, it's your responsibility to make payment in full or arrange an installment agreement or an offer in compromise to settle the debt. If the...

Most people hate to hear the word "taxes," especially in reference to the IRS. Taxes represent money we have to pay to Uncle Sam in order to live in and take advantage of the many services and...

If you have received a tax lien from the Internal Revenue Service (IRS), you will have to respond quickly to save your possessions from seizure or foreclosure. Sometimes, you will have only 10...

Tax debt relief can come in many different forms. This is a great comfort to those who find themselves owing taxes at the end of a calendar year. If you have recently come to a realization that...

The garnishment of a tax return, or more specifically, the interception of the refund due to a taxpayer, is known as an IRS offset. A variety of debts can trigger an IRS offset. Once an offset is...

In accordance with Internal Revenue Service guidelines, taxpayers who have delinquent accounts are given several opportunities to settle their debt before the IRS initiates a seizure of the...

There are a variety of tax debt options. While you may not want to fall behind on paying your taxes, unforeseen circumstances including injury, job loss, or death of a spouse can occur and leave...

Owing the Internal Revenue Service (IRS) or state government overdue taxes is an unenviable position to be in; however, ignoring your tax bill is not the solution to your problem. While the IRS is...

In order to qualify for tax debt relief, a person will already have to be in trouble with their taxes. Find out how to get relief through an offer in compromise with help from a certified public...

Tax debt occurs when you fail to pay the appropriate amount on your taxes. This happens a couple of ways. First off, you may miscalculate the amount of taxes you owe and therefore pay less than...

The Offer in Compromise is a way to settle your outstanding IRS debt without paying the full amount owed. Before you make an Offer in Compromise, you need to make a full disclosure of your current...

If you find yourself with a hefty refund during tax season, don't be tempted to spend it all in one place. Here are some tips to help you spend your tax refund wisely.

The Taxpayer Advocate Service is an independent agency within the IRS whose sole job is to sreolve difficult problems taxpayers have with the IRS. The agency is headed by Tax Advocate, who has a...

Your income tax refund just hit the bank! Now what? You need to be smart with your little windfall. Follow these easy tips to avoid waking up with regret on April 16th.

If your getting a tax return this year you may be trying to decide how to invest it. Maybe you've had your eye on a new 52" high def TV or a 1,000 watt home theater system or maybe even a new...

Follow these tips to avoid an IRS tax audit.

If you owe the IRS money, you understand the panicked feeling of trying to find out how in the world you're going to pay them. The IRS can place liens on your personal property, your land and...

Owing money to the IRS is not a fun thing! When you're behind in your taxes, you can feel as if you will never get things straightened out. There is a chance you could have your wages garnished,...

If you owe a large amount of tax money, you probably feel as if you're carrying the whole world on your shoulders. When you owe the IRS and simply don't have the money to pay all that you owe,...

Tax collection divisions of the state and the Internal Revenue Service can levy bank accounts, wages, personal property and other things to collect a tax debt. However, taxpayers who have been...

The tax law states that when a mortgage debt is eliminated through foreclosure, the amount of the debt that exceeds the value of your house or other property is usually considered to be taxable...