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Tax Help
November 21st

Nicolas Cage recently paid another $600,000 installment agreement and chipped further away at his massive tax debt. The actor is slowly paying back the original $13 million owed in back taxes after splurges on elaborate purchases and gifts between 2004 and 2009. Half Way There He still owes an approximate $6 million thanks to his […]

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Tax Help
November 16th

Now that the election is over the White House has some pressing matters to attend to, one of which is the fate of the mortgage interest tax deduction. Although each political party holds different ideas as to how to proceed with the deduction¬† in the coming years, the good news is that it will live […]

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Tax Help
November 2nd

Owing the IRS money is serious business. In fact, the IRS is notorious for steep consequences on those who dodge their tax debt liabilities. Wage garnishment, asset seizure and even tax liens are all fair game when it comes time to collect. Ignoring collection efforts will only get you into further trouble. The best defense […]

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Tax Help
October 22nd

Back taxes are troublesome for everyone involved. For debtors, wage garnishment and tax liens can result; causing even further financial trouble if the debts aren’t resolved. While the IRS has a low tolerance for tax debts, many other creditors are a little more flexible. However, one city is tired of playing nice and is looking […]

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Tax Help
October 15th

Tax debt can be serious business, especially if you aren’t prepared for it. While we may¬† not always be able to avoid owing the IRS money, there are ways to ensure you aren’t taken by surprise or put into a financial hardship over tax liabilities. Simple Steps One of the biggest determining factors in whether […]

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Tax Help
October 10th

Many of us count on certain tax deductions to lower our tax liability bill each year. While many of these deductions are in place to do just that, depending on them each year to produce a refund or keep us out of owing the IRS is not a good strategy. Future Fallout Some of the […]

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Tax Help
October 3rd

Some tax cuts enacted in early 2000 are expected to end this year. When they do, the additional taxes and related payments are estimated to cost some Americans almost $5,700 per year. Understandably, many are speculating on how the expiry of these cuts will affect their financial standing. Median household income decreased sharply after 2008, […]

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Tax Help
September 26th

When it comes to tax problems, individuals are not the only ones who suffer. Many businesses are dealing with tax audits and tax debt problems too. In fact, the IRS estimates that small businesses are responsible for around 80% of the $450 billion tax gap. Cracking Down In order to better regulate small business tax […]

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Tax Help
September 19th

Even in the wake of the foreclosure crisis, many homeowners continue to struggle with mortgage debt. While the government has taken some initiative to help families save their homes and reduce their debts, another issue still lurks around the corner. A special mortgage debt assistance exemption is set to expire at the end of this […]

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Tax Help
September 12th

Although tax season is long gone this year, tax debt collections are just now beginning. If you owe the IRS money, don’t avoid them. Instead, contact them right away to discuss one of the following options: Installment Plan — is a repayment option that allows you to repay your back taxes in a series of […]

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Monday, August 01, 2011

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