Tax debt can add up quickly, and when it does, getting up to speed with the IRS may seem like an impossibility. Taxpayers, to be sure, are not necessarily required to pay all their tax debt back immediately. There is the possibility of paying the debt back on a...
Month: January 2015
10 ‘frivolous arguments’ people make to avoid paying taxes
"The dog ate my homework" is the old excuse for failing to turn in projects and papers during grade school. As we get older, our excuses tend to get more sophisticated.When it comes to filing tax returns, however, the Internal Revenue Service (IRS) is not impressed...
Own a small business? Consider seeking help from a tax attorney
As we wrote in last week's post, the IRS and financial professionals have warned that this year could be especially problematic when it comes to filing tax returns. In short, the Internal Revenue Service is under-funded and under-staffed, yet its workload keeps...
Experts warn of a possible nightmare tax season in 2015
Now that 2015 has arrived, it’s time for all Americans to start thinking about their federal tax returns. The Internal Revenue Service expects to begin accepting returns later this month. When it does, some experts are predicting that this could be the most...