Income taxes consume quite a bit of an individual's paycheck and, therefore, directly affect their overall standard of living. When filing annual income tax returns, most working adults understandably want to minimize how much they end up paying the government. Some...
There’s been a lot of buzz about the fact that the IRS has been hiring lately, and that has a lot of sole proprietors and contract workers concerned about the possibility of audits in the future. A lot of that has to do with the fact that sole proprietors and contract...
If you owe money to the Internal Revenue Service and haven’t taken steps to pay what you owe, you may receive a letter in the mail that indicates that the IRS knows that you owe money or that it would like to have you contact it about an installment plan. In some...
Many adults only have to think about their income taxes when they file their annual tax returns. Their employers handle the necessary withholding of estimated taxes and send the money directly to federal and state authorities. However, those who aren't employees may...
Many individuals become worried when facing IRS tax debt and the possibility of being summoned to attend a detailed audit. Failing to address this critical situation, however, can lead to increased penalties and devastating consequences. It is wise to confront the...
