Author name: anckrdev

The old cliché is true: The only sure things in life are death and taxes. You only have to die once, but you do have to pay taxes every year. If you fail to pay your taxes on time, you could face serious charges of tax evasion. Tax evasion is when an individual or a […]

In today’s world, there are many ways to earn a little extra money. One is through participating in the sharing economy through things like selling goods or services via one’s computer or cellphone. Participating in the sharing economy can provide some interesting income opportunities. However, it is important to remember that engaging in these activities

There are many different tax deductions for small businesses. They can have significant financial benefits for small business owners. So, there may be a temptation for business owners to take as many deductions as they can every tax year. However, it can be important for a company owner to exercise care when it comes to

Taxpayer interactions with Internal Revenue Service officers and other IRS employees can involve very high-stakes tax issues. IRS workers can have a lot of power within these interactions. So, what happens in these interactions and how responsibly IRS employees act in their use of this power during the course of them can be very impactful

In recent years, the news has been full of reports of data breaches. So, data security and the risk of the theft of one’s personal information may be on the front of many people’s minds these days. Given the major role personal information plays in the tax filing process, there are many concerns related to

There are many reasons why leaving a federal tax debt unaddressed for a long period of time can be very problematic for a taxpayer. One is that unpaid federal tax debts gather interest. This interest generally gathers daily. It applies to the underlying debt and the penalties and past interest connected to such debt. One

Taxes can put burdens on a person. This is among the things that might lead some to assume that Americans, generally, hate taxes. However, data and research paint a different picture on how Americans view taxes. For one, it appears that a large majority of Americans see paying taxes as a key part of their

IT systems play a role in many of the Internal Revenue Service’s actions, functions and processes. However, data suggests that a good portion of the IT systems the agency relies on are out of date. The IRS’s goal is to have obsolete hardware and infrastructure make up no more than a quarter of its overall

Among the things that can pose significant problems for a taxpayer is being accused of failing to report income to the Internal Revenue Service. Such accusations could leave a taxpayer facing significant monetary penalties and other impactful consequences. Allegations of failing to report income can come up over a wide range of things, as most