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The end of a federal tax audit can be a time of many important decisions. The first big decision comes before the Internal Revenue Service. Tax officials will decide, based on the findings of the audit, whether or not changes should be made to the taxpayer’s tax return. If the IRS decides no changes should […]

Not all lies are viewed equally by people. Some are viewed as more acceptable than others. A recent survey indicates that many individuals view lying to the Internal Revenue Service as acceptable. In the poll, 2,115 adults in the U.S. were asked about the acceptability of various types of money-related lies. One of these lies

One goal many individuals have when it comes to taxes is to have as little tax liability as possible. There are a variety of legitimate techniques out there for trying to reduce one’s tax exposure. Pursuing these legitimate techniques is called tax avoidance, and it is perfectly legal. However, there are lines the federal government

A person’s income level has considerable implications when it comes to tax issues. For one, it can influence how likely they are to be subjected to an audit by the Internal Revenue Service. Generally, the more income a person has, the higher their likelihood of an IRS audit is. This can be seen in U.S.

Mistakes on one’s federal tax returns can expose a person to considerable troubles. Such errors could lead to a person facing Internal Revenue Service scrutiny and collection tactics. One type of tax error that can be particularly problematic is claiming a deduction one isn’t actually entitled to. One area where individuals sometimes fall into deduction

To most taxpayers, deciding which is worse between debt and taxes is like trying to decide which is the lesser of two evils. Being in debt can be oppressive because so much of your hard earned money goes to paying someone with interest for money that you have long since used. With taxes, it can

There are many things individuals are allowed to claim deductions for on their federal taxes. One of the things that quite a few taxpayers claim deductions in connection to are donations to charitable organizations. Now, there are a plethora of rules regarding charitable giving deductions. Among these are the documentation rules related to such deductions.

Tax debt issues generally don’t happen in a vacuum. There are a variety of other difficulties a person may be facing at the same time they are dealing with tax problems. This includes financial difficulties. Sometimes, financial struggles impair a person’s ability to be able to pay back their tax debt in full. When a

Many things could impact a taxpayer’s ability to file or pay their taxes in a prompt manner. The exact nature of the problems they are facing can impact what sorts of options such a taxpayer has. Understanding one’s options is vital when facing a tax issue, as it can be a key part of proactively