What is the IRS Debt Forgiveness Program?
Even the IRS can be forgiving. Learn about the circumstances in which taxpayers can have their tax debt partially forgiven. Continue reading
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A Taxpayer’s Guide to Private IRS Debt Collectors
The IRS has called for backup from the private sector, and these four companies could be coming after your tax debt in lieu of the IRS. Here’s what you need to know to stay informed, lawful and safe. Continue reading
4 Things to Look for in a Tax Debt Resolution Company
If you owe the IRS and don’t know where to start, then you’re one of over 8 million Americans who are in the same boat. And while many financial pros can claim to help, selecting one isn’t the same as choosing a candy bar at the grocery checkout line. Continue reading
How Much Vacation Fun Can You Write Off On Your Taxes?
With summertime in full swing, you may be considering some much-needed time away from home. Whatever your travel plans, you might want to consider whether or not you’ll be able to take tax breaks for your time … Continue reading
Taking Tax Breaks for Your Vehicle Expenses
You probably take for granted just how much time you spend in your car every week. What you do notice is the cost you incur for fuel, general maintenance and ill-timed auto repairs. If you’re looking for a way … Continue reading
What Happens to Your Tax Debt When You Die?
It’s critical to determine how your taxes – and any existing problems – can upset your postmortem financial blueprint. Continue reading
Should You Be Filing an FBAR?
If you hold a foreign bank account, you may need to file a foreign bank account report (FBAR) by the June 30th deadline. Additionally, if you owe taxes on income held in a non-U.S. account, payment must be made by … Continue reading
After “I Do”: Handling Tax Debt In Marriage
Marriage is more than just having someone “to have and to hold” — it can make handling your taxes easier and provide unique benefits. You have the option of streamlining the filing process by filing jointly, merging two … Continue reading
Taxes in the Sharing Economy
You may have heard about how ordinary, average people are now making a living through a variety of unusual jobs. These include renting a room in a house or apartment to overnight guests through Airbnb, or moonlighting as an on-call … Continue reading
Tax Debt and Your Job
While the IRS cannot call up your employer and tell them you owe back taxes, tax debt can have serious consequences on your employment. Tax Defense Network explains how tax debt can affect your job. Continue reading