How to Respond to a Certified Letter from the IRS  

How to Respond to a Certified Letter from the IRS  

Receiving any kind of letter from the Internal Revenue Service (IRS) is always a heart-stopping moment. They don’t often write to wish you joy and happiness. If they’re writing to you, it’s usually for a less-than-pleasant reason. Still, the IRS is just a collection agency looking to get the money that’s owed. Take a deep…

Common Strategies for Getting Out of Tax Debt

Common Strategies for Getting Out of Tax Debt

Getting behind on your taxes can lead to huge problems in your life. You are likely dealing with stress and anxiety about the IRS coming after you; you could already be dealing with financial struggles, and that’s why you got behind on your taxes in the first place; your family life may suffer as a…

What to Do When You Can’t Pay the Taxes You Owe

If you’ve been living in fear of the IRS because you owe money in taxes, know that you aren’t the first, and you certainly won’t be the last. Countless Americans owe money to the IRS, but if you think there’s safety in numbers, you’re wrong. The IRS is very organized when it comes to getting…

Tax Court Rules in Favor of Man Whose Wife Embezzled

Tax Court Rules in Favor of Man Whose Wife Embezzled

In 2011, Rick Jacobsen’s wife was arrested for and ultimately convicted of embezzling almost $500,000 from the blood bank where she worked as an accountant. As if that weren’t horrible enough, Jacobsen later received a letter in the mail from the IRS. It said he owed over $100,000 in taxes for the funds embezzled in…

Can You Amend Your Tax Return?

You’ve just pushed “E-File” from your tax software, and you feel great knowing you’re done dealing with the big bad IRS for the year. Two months later, you review your bank statements and paychecks and you realize … You’ve made a mistake! It’s the end of the world! Not really. If you’ve made a mistake…