Category: Tax Resolution
Good Reasons to File Timely When You Owe Money to the IRS
Dec 23, 2022
The tax filing deadline will arrive before you realize it. You will soon be collecting receipts and entering data. I know you are hoping for good news and maybe even praying for a…
Unreported Offshore Accounts – Is It Actually Illegal? Interesting Facts Here
Dec 20, 2022
In recent years, widespread disinformation has circulated that U.S. citizens cannot open and maintain offshore bank accounts. That is not true. In reality, US citizens are still permitted to establish bank accounts outside…
Currently Not Collectible Status: How to Resolve Back Taxes the Right Way When You Don’t Have the Money to Pay
Dec 16, 2022
If you owe back taxes and are unable to make any payments, you may need a special tax status called “currently not collectible.” This means that your debt is still valid, even though…
IRS Levy Notice — Here Is How to Handle in Four Ways
Nov 21, 2022
The IRS is not someone you want to mess with when it comes to debt repayment. They are the most unforgiving creditor in terms of debt collection. If you owe money to the…
2022 Inflation Reduction Act: Interesting Facts You Need To Know
Nov 08, 2022
Dealing with the IRS has never been simple, and reaching a tax settlement agreement is almost always challenging. If you are working to pay off your tax debt, you may wonder what the…
Understanding the Malta Pension Plan Tax Strategy: A Deep Dive into IRS Scrutiny
Nov 04, 2022
Every taxpayer dreads a surprise from the IRS. But the anxiety amplifies when a Special Agent from the Criminal Investigation Division (CID) gets involved, particularly with the recent focus on the so-called “Malta…
Gig Economy Workers: How to Make Tax Filing a Success
Oct 14, 2022
If you work in the “gig economy,” you are not alone. Millions of people have made the same choice, voting with their feet and their time and leaving the world of traditional employment…
Worry About Unfiled Tax Returns? Here’s How To Resolve
Sep 29, 2022
Filing your taxes is never fun, but if you don’t file them at all, the IRS will come after you. They can file a return on your behalf in their best interests, not…
7 Practical Reasons to Work with a Tax Resolution Specialist
Sep 20, 2022
It’s hard to think about anything else when you owe money to the IRS. No matter who you owe money to, being in debt is never fun. The IRS can do anything to…
Think Tax Season Is Over? Here Is When You Need to & How to File an Amended Return
Sep 06, 2022
Tax season is something that very few people look forward to. Unless you are an accountant, you probably hate this time of the year and are happy when your return is done, your…