Many times you don't file your return because you either owe money and can't afford to pay it when the return is due, or you believe you are due a refund, so you don't hurry to file. Even if you owe the IRS the best thing to do is file the return and figure out how you will pay for it later. The Failure to File penalty is a flat 25%. It is greater than the Failure to Pay penalty. Along with this Failure to File penalty comes interest, and interest compounds daily, before you know it the penalties and…

There are more than 72,000 pages in our complicated tax code and regulations. We expertly prepare your income taxes by being able to decipher the code and regulations, along with industry publications, mix them all together and come up with a tax plan designed just for you. In a study by the US Government's General Accounting Office it has learned that 77% of 71 million taxpayers thought they benefited by using a professional tax preparer.

It is possible to be absolved of an IRS debt if the reason for the additional debt is the fault of your spouse and you had nothing to do with the misdeed. There is a thing called "Equitable Relief" which means that it just would not be fair to make you pay for your spouse's debt. If you are approved as an innocent spouse, you will not have your portion of any tax refund confiscated but every year thereafter you have to file the innocent spouse form so that your portion of the total refund is not confiscated.

A federal tax lien can be attached to any type of property you own, your house, car, etc. They can absolutely make your life miserable. Banks don't want to lend you money with your house as collateral because they don't want to go through the mess of dealing with the IRS. Your credit turns to dust. If you own a business the IRS can attach your receivables. They will stand right by your cash register and as a customer pays you they confiscate the funds.

You think an IRS Lien can make your life miserable, an IRS levy can just about ruin and damage your life like you've never known. How would you like to wake up one morning and learn that the IRS has cleaned out your bank account down to its last penny? They don't care if you can't pay your bills. Debts to the IRS come first. Levies are used to seize your assets - car, boat, paycheck, and even your Social Security check. They will seize anything of value. If they get a court order, they can seize your house. Luckily…

This is not an agreement that the IRS makes with you just because you want it. You can't just call up and say you can only pay so much $$$ so I want an offer. There is a long and tedious process that can take up to two years to complete. They will accept an offer only if you can prove that it is very unlikely that they will be unable to collect the full amount you owe them in a reasonable time. In an offer, your debt can be resolved for very little money when compared to the actual amount…

Sometimes you can set up a payment plan (installment arrangement) where the IRS will give you more time to payoff your tax obligation. There is a limited time period that they can provide you, but it is better than having to pay the entire debt at one time or having a Lien or Levy attached. It might turn out that you qualify for an Offer In Compromise or Currently Not Collectible, the key word being Qualify. If you do nothing else, set up a payment plan.

If you are behind in paying these taxes, WATCH OUT!!! The IRS considers not paying payroll taxes the largest cardinal sin out there. The reason - a major portion of payroll taxes consists of employee withholdings. By not paying these taxes the IRS considers it stealing from your employees and they take a very dim view of this. The IRS would rather seize your business assets, close you down, put you out of business, and sell your assets at auction. Payroll taxes, penalties, and interest follow you to your death even if they are company related. You really want to…

Payroll preparation can be the most confusing and expensive operation in the bookkeeping equation. Take the confusion and cost out of the equation. Currently you must perform all the hourly calculations and confirm that each employee actually spent the time working the hours they say they did. You’ve really become a babysitter. Wouldn’t it be nice if this happened automatically so that all you have to do is peruse the employee’ s total time recorded? You no longer have to add up the hours worked that are claimed by your employees. Payroll processing can also be very expensive, you can be stuck paying…

If you receive an IRS notice and within 30-days you don't respond, for any reason, they will slap a wage garnishment against you, and your employer has to abide by the order. You will be left with very little to pay your rent, mortgage, or even groceries. You even risk being evicted. The worst thing you can do is to ignore the notice. If you show the IRS that you are trying to do something to resolve your debt, they will not issue a wage garnishment. You'll have to set up some type of payment plan or show them you…