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Prior to the start of the current tax filing season, the Internal Revenue Service mailed letters to 2.7 million taxpayers with IP PINs. For those unfamiliar with these IP PINs, they are six-digit numbers designed to provide enhanced security to those taxpayers who have been victimized or who are otherwise susceptible to tax-related identity theft. […]

Most types of income are required to be reported on one’s federal tax returns and are subject to the federal income tax. Being accused of failing to report or hiding taxable income can get a person in some very hot water with the Internal Revenue Service. Such allegations could lead to a taxpayer facing investigatory

Many new ways have arisen for people to make money outside of traditional employment. Among these ways are through providing services or goods through on-demand platforms. Examples of such platforms include Lyft, Uber, Airbnb and Etsy. A fair chunk of Americans, an estimated over 2.5 million in 2014, use these platforms to earn income. And this

Raising kids is not a cheap thing. So, any form of financial relief when it comes to child-related costs can be welcome for a parent. One form of relief a parent may have access to are tax benefits, such as the Child and Dependent Care Credit. Now, as with other tax credits, the Child and

About a month ago, we wrote a post about tax liens and tax levies and how devastating these things can be. Today, we’re going to focus on the former and talk about how you can avoid a tax lien with effective communication with the IRS. A tax lien is a claim on your property. The

Deadlines are a big part of tax law here in America. The laws and rules regarding federal taxes are full of them. One of the very well-known such deadlines is the federal tax filing deadline that taxpayers are subject to. An important thing to note is that federal tax law not only puts deadlines on

An offer in compromise, when accepted by the Internal Revenue Service, enables a person to fully resolve a tax debt through paying some, but not all, of the total debt amount. When applying for an offer in compromise with the IRS, among the things a person is generally required to provide along with their application

Owing the IRS and not responding to the IRS are two completely different sets of circumstances that any taxpayer needs to understand. The Internal Revenue Service may have its problems and it may be slow to react sometimes, but it won’t forget. It is in your best interests to deal with any IRS action as

It is pretty widely known that good legal advice can be a very important thing to have after being assessed a tax debt by the Internal Revenue Service. A federal tax debt is a very serious thing that can have massive impacts on a person’s life if not dealt with in the right way given