Tax codes change all the time but there are some things that remain the same — tax levies, how to avoid an IRS audit, and how to negotiate back taxes with the IRS. All of these topics, and more, are covered in the articles below.
“In this world nothing can be said to be certain, except death and taxes.” ~ Benjamin Franklin No one likes to talk about taxes or death, but both are an inevitable part of life. A topic that comes up pretty frequently in our discussion …
If you fail to pay your tax debts, the IRS can legally seize your property in order to pay off this debt. This seizure of property is called a tax levy. The property the IRS can seize and sell to pay off …
If you’re not earning it in the traditional sense, income is tax-exempt, right? Wrong. As a general rule, consider all income taxable unless a specific exemption exists instructing you otherwise. The most common of these exemptions are listed below under non-taxable income. …
The impact of a tax lien on your financial life can be extensive and long-lasting. So whether you already have a tax lien against you, or you’re trying to avoid one at all cost, the more you know about the …
According to the IRS website, a levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a claim used as a security for the tax debt, while a levy actually …
If you owe the IRS back taxes and find yourself unable to pay those taxes in full, there may be a program available which allows you to pay back only a portion of the tax liability owed. We are sure you have …
So, you are proud of how you’ve handled many areas of your life: you’ve built a successful business, have a nice home, a solid family life, even have a fair credit score. But somehow, the taxes owed to good ole Uncle …
Now that you have graduated from college and obtained your first real job – it’s official, you’re an adult. While being an adult has its benefits, you will quickly find that there are responsibilities that come with those benefits. For …
According to a recent article in MoneyTalks, fewer than 1 percent of tax returns are audited, which is good news for the 99 percenters but what about that 1 percent that does get audited? It would be nice if we knew …
Congress enacted the Alternative Minimum Tax to make sure high-income individuals who take advantage of multiple tax breaks would still owe something to Uncle Sam each year. However, the upper-middle-income folks are the ones most likely to be AMT victims. The AMT …
Credit Info Center not only provides information on how to fix your credit and get out of debt, but we also offer information on taxes. Tax codes change all the time but there are some things that remain the same …
When it comes to federal taxes, perhaps the only thing more stressful than preparing them is owing taxes you cannot afford to pay.
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