I Can’t Pay My Tax Bill, What Do I Do?
So you have filed your taxes and you realize that you can’t afford to pay your tax debt, what do you do? The IRS has different programs set up to help with you paying your tax liability. One would be...
View ArticleWrite Off Your Porsche?
Wouldn’t it be nice to buy a brand new Porsche and receive a 100% write off? Yes it would! Well, according to the transitory tax cut deal (100% Bonus Depreciation), President Barack Obama and...
View ArticleEducation Credits and Depreciation Forms
The Internal Revenue Service announced on February 8, 2013 that US taxpayers will be able to start filing two key tax forms that cover education credits and depreciation starting this week. As of...
View ArticleIRS Announces New TAP Members
On February 15, 2013 the Internal Revenue Service announced that 26 new members were selected to serve the Taxpayer Advocacy Panel (TAP). Taxpayer Advocacy Panel is a federal consultative board that...
View ArticleCoach Purse or New Door, You Decide!
Most Americans will soon receive their income tax refunds and most likely spend it on some frivolous yet worthwhile expenditure like a vacation or the latest Coach purse. Well, the time has come to...
View ArticleGoodbye “Birthday Tax”
Starting today, Georgia residents will switch from the annual “birthday tax” on cars to a new car tax. Residents of Georgia will now pay a onetime fee instead of the usual annual tax expected to be...
View ArticleLorna M. Walker Disbarred
The IRS announces that the Administrative Law Judge determined that enrolled agent Lorna M. Walker was disbarred due to pilfering customer’s tax payments as well as falsifying tax returns with bogus...
View ArticleThe IRS is Holding $917M of YOUR Money!
The Internal Revenue Service announced today that there are approximately 984,400 U.S. Taxpayers that have failed to file or submit tax returns for 2009. What does this mean to you? It means that if...
View ArticleIRS Provides Relief
If you had a problem filing your tax return due to the IRS not providing certain forms until after January then the Internal Revenue Service is trying to make things better. It was announced today that...
View ArticleIRS Issues “Dirty Dozen” Warning
Recently the Internal Revenue Service issued a warning to the public about the several different ways that tax payers are being scammed! The IRS is calling the list the “Dirty Dozen.” This list was...
View ArticleClaim Job Hunting Expenses
You have lost your job and all you do now is job hunt! Well, imagine this, The IRS will allow you to claim your job-hunting related expenses on your next tax return! Job hunting write offs are one of...
View ArticleIRS Grants Extension For Victims of Boston Marathon Bombing
The IRS announced that they will in fact grant a three-month extension for tax filing and paying to all Boston area Tax Payers that were affected by the Boston Marathon Bombings. Tax relief is granted...
View ArticleIRS ISSUES FURLOUGH NOTICES
The Internal Revenue service will be issuing furlough notices to all its employees next week. There was an internal memo sent to all IRS employees including managers and executives stating that...
View ArticleLauryn Hill Faces Jail Time for Back Taxes
Eight-time Grammy winner Lauryn Hill was due to be sentenced for tax evasion today by a federal judge in New Jersey. Luckily for her the judge has postponed sentencing. Although, the judge did not let...
View ArticleInternet Sales Tax Approved By Senate
Today, the US senate approved a bill that would permit states to charge sales taxes on internet purchases. The vote was won by 69 votes. It needed only 51 votes for final approval. The current law...
View ArticleTax Relief Granted to Storm Victims in Illinois
Residents of Chicago, Illinois and other parts of Illinois may qualify for tax relief due to the latest storms that began on April 16, 2013. Victims of this severe storm that caused extreme winds and...
View ArticleIf You Win The $600M Powerball, The Tax Man Will Come Knocking!
If you haven’t already heard, the upcoming Powerball drawing is expected to be about $600 Million! Sounds great if you ask me! But let’s take a closer look at this…. In the event you win this awesome...
View ArticleMary J. Blige Served with $3.4M IRS Tax Lien
Yet another celebrity hits the news with money troubles with the Internal Revenue Service! Just recently it was Lauryn Hill in the news for owing the IRS and today it’s Mary J. Blige, a nine time...
View ArticleObama’s Watergate Scandal?
President Obama is accused of knowing about the latest IRS scandals! It was reported that Obama’s lead lawyer had idea of the IRS scandal long before Obama told media that he had just learned about it...
View ArticleThe IRS Garnished My Wages, What Do I Do?
Have your wages been garnished by the IRS? Have your assets been liquidated as well? Every year millions of US Taxpayers fail to file their US tax returns on a timely manner causing the IRS to hit...
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