Tax filing season is here again, and millions of hardworking Americans are already dreaming of those fat refund checks. Unfortunately, many of them may be disappointed this year.   The combination of recent changes to the tax law and updates to employer withholding tables have shrunk the size of tax refunds – and left some… Read More

Tax audit. It’s a phrase that can momentarily stop the heart of even the most even-keeled taxpayer. The thought of having our income taxes reviewed by the government and potentially having to pay an untold amount of additional taxes and penalties is frightening to most people.   If you’re in the middle of an audit… Read More

Unpaid payroll taxes are a serious matter to the IRS and are some of the worst kind of back taxes you can owe. If you’re a small business owner with payroll tax problem, read on to learn what you can do to avoid the IRS crippling your business or worse, shut your business down completely.… Read More

We’ve all heard the quote by Benjamin Franklin “In this world nothing can be said to be certain, except death and taxes”. Yet despite April 15th being on the calendar every single year, and March 15th for business, millions of people find themselves on the IRS hit list for failing to comply with a few… Read More

Not paying your taxes has serious consequences, and one of the worst ones is the federal government filing a legal claim against all property you currently own and property acquired in the future in the form of a federal tax lien.   In this article, we’ll explain what a federal tax lien is and what… Read More

Though our firm specializes in helping people resolve their IRS or State back tax problems, we also love saving money. After all, one of the best ways to avoid getting into tax trouble is to have a solid tax strategy to minimize your liabilities.   The end of the year is the perfect time to… Read More

Owing money to the IRS or State can be daunting, intimidating and throw your life out of whack. You might be tempted to just hide your head under a pillow, but ignoring your back taxes will only make the situation worse. Penalties and interest alone can bury you deeper so it’s important to take immediate… Read More

If you file your taxes electronically and allow the government to deposit your refund directly into your checking account, the Internal Revenue Service promises to refund your money within 21 days. Before 2012, you could get the money sooner through a refund anticipation loan offered by most tax preparers. Major lenders don’t offer RALs anymore,… Read More

For the vast majority of taxpayers, there is not much need to worry that you will be audited. In 2016, only 0.6% of individual income tax returns were audited according to the IRS 2017 Data Book. Why? For starters, the IRS budget has been cut resulting in more than 2,200 fewer agents available to audit returns.… Read More