Sometimes people have a little trouble paying their tax debts to the IRS. Fortunately, the IRS understands this and offers payment plans for taxpayers who are behind on their tax payments.
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Category: Personal Accounting & Tax
What To Do If You Have Tax Troubles
Tax trouble sufferers know that worry is a constant companion, that their lives are stuck in helpless limbo because disaster is looming just over the horizon. Not knowing when tax trouble will finally catch up with them or how bad it will be is the worst part. It never seems like a good day to […]
What To Do If You Get Audited By The IRS
For most people, getting a tax audit by the IRS can be a scary and stressful situation, but with proper preparation getting through a tax audit may be easier than you think.
Can I Get a Payment Plan for My Past-Due...
If you owe money to the IRS for past due tax obligations you can arrange for payment plans with the IRS to pay off your past due tax debt. It is ideal to pay your tax debt in full when it is due to avoid penalties and fees, but sometimes that is not possible due […]
What Happens If I Miss The April 15th Ta...
2013 tax returns that are due a refund have until April 15, 2017 (October 15, 2017 with an extension) to be filed with the IRS before the statute of limitations on the refund runs out. If you don’t file by then, the U.S. Treasury simply keeps your refund as a “donation.”
How to Check Your Tax Refund Status
Now that your tax returns have been submitted you may want to check the status of your tax refund. With modern technology this is now an easy and quick task.
Can I Get An Extension to File My Tax Re...
Many people already know that the deadline to file your federal tax return is April 15th, but not everyone knows that you may be able to get a six month extension to file your taxes by using Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return.
7 Common Tax Myths
Tax laws can be hard for many people to understand and follow, especially because changes to the tax code are quite common. There are many myths regarding tax law, and in this article we will debunk a few of these tax myths. Filing taxes is voluntary. This is not true at all. The 1040 instruction […]
5 Commonly Missed Tax Deductions
Come tax time every year people want to make sure they get as much money back from the IRS as possible. There are many tax deductions available, and tax laws constantly change, so many Americans miss out on tax deductions that can save them money every year. Below are some of the most common missed […]
Common Tax Preparation Mistakes
Mistakes on your tax returns could mean a lower tax refund, an audit by the IRS, and even tax penalties. Here are a few common tax mistakes.