You’ve probably heard of the Fresh Start Program because it's used all the time in advertisements for the tax firms out there who want to pull you in with words but not knowing anything about your case. So What Is the IRS Fresh Start Tax Program? A large number of taxpayers fail to pay taxes to...
If you owe taxes and are unable to pay the full amount, what can you do? The first thing I would look into is an Installment Agreement or simplistically, a monthly payment plan. The IRS only allows Installment Agreements under specific situations. What are the benefits of paying my taxes on time? By law, the IRS...
The IRS expects you to file and pay your taxes on time each year. When you fail to submit a tax return, you put yourself at risk for IRS enforced collections leading to serious financial hardships for you and your family. I have not filed in many years and have never been contacted - I...
The First Step Of Good Tax Planning Is Consistent Recordkeeping Since COVID-19 hit in early 2020 life for many of us meant significant changes in our income, bills and even how we've run a business. Federal and State governments have offered numerous financial programs to help citizens deal with the financial impact of COVID-19. Many...
This year, the IRS extended the traditional tax-filing deadline from April 15 to May 17, 2021 giving most taxpayers an extra month to prepare their filings amid a slew of pandemic-related policy changes included in the $1.9 trillion American Rescue Plan. As of May 7, the IRS had processed about 116 million returns. By comparison,...
