How to Deal with Mistakes on Your Tax Return

How to Deal with Mistakes on Your Tax Return

People make mistakes all the time on their tax returns—it happens. Maybe you already sent off that return, but completely forgot to include income from a side job you did. Perhaps you forgot to claim a dependent, or weren’t aware of certain deductions you qualify for. Whatever the mistake may be, there are ways to…

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…

Traveling Out of the Country? Pay your Taxes!

IRS Urges Travelers Requiring Passports to Pay Their Back Taxes or Enter into Payment Agreements; People Owing $51,000 or More Covered The Internal Revenue Service recently issued a statement strongly encouraging taxpayers who are seriously behind on their taxes to pay what they owe or enter into a payment agreement with the IRS to avoid…