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When a person has a tax debt, promptly talking with an attorney about what steps they might be able to take in relation to the debt is important. When a person doesn’t understand the options available to them, it could lead to them delaying in addressing the debt. Delays in addressing a federal tax debt […]

The range of different things the federal government classifies as taxable income is quite large. It is important for taxpayers to be aware of what is considered taxable income and what rules the federal government has for the various income streams they have. Today, we will focus on an income stream individuals in service industries

Each tax season has its unique aspects. This tax season, one thing that will be different from most years is the federal filing deadline. This year, the filing deadline for taxpayers will not be the typical April 15th deadline. What day will it be instead? For a vast majority of states, including Missouri, this year’s

There are many things that could end up happening to an individual when they have failed to pay a federal tax debt assessed to them. For one, they could end up losing important property. This is because one of the tools the IRS has for collecting delinquent taxes are levies. Tax levies are tax-related seizures

Having a federal tax debt can have many implications. Thanks to a new law, such a debt could now have big impacts on a person’s ability to travel. The law in question is the Fixing America’s Surface Transportation Act. It was signed into law by the president earlier this month. One of the provisions of

No one likes to feel like their fate is in the hands of someone else. This is a feeling one can easily get when they are in a tax dispute with the Internal Revenue Service. For example, a taxpayer may feel like the revenue officer in their case has absolute power to decide their fate. It is

The Internal Revenue Service looks at a lot of different factors in its audit screening and there are a variety of different things that could potentially be triggers for an audit. One thing that can be an audit trigger is the information a person gave on their federal tax returns not matching information reported by

Falling behind on paying one’s state taxes can have many consequences for an individual. For one, it could lead to them being assessed various fees and penalties. These fees and penalties can end up adding up to some pretty big amounts. Now, there are various options a person who has unpaid state back taxes may

It is a word that can instantly fill a U.S. taxpayer with anxiety: audit. Tax audits are one of the many things the Internal Revenue Service uses as part of its tax enforcement efforts. Being audited by the IRS can be a worrying and intimidating experience. Lately, IRS use of audits has been going down.