The Internal Revenue Service’ Collection Process begins with this mission “Provide America’s taxpayers top quality service by helping them understand and meet their tax responsibilities and by applying the tax law with integrity and fairness to all”. If we’re going to digest every word from this statement of commitment, people who are going through financial ...
If you are moving, you doubtlessly have put together a long check-list of what needs to be done. Changing your address with the Post Office is likely one of the items on there. Here is a new one for you to add: Change your address with the IRS. Because of the sensitive information contained in ...
Do you owe back taxes? If so did you know that the IRS will calculate interest and penalties against the full amount that is owed? If you are entitled to a refund, then the IRS might even pay you on the interest for the delayed refund. If you are entitle to a refund there are ...
This movie made me angry and sad and frustrated. It kept me stressed, confused and in anticipation throughout the entire film. Seven Pounds is one of those stories that begins at the end, but doesn’t reveal the outcome until the end. It opens with Will Smith who plays the character Ben Thomas, sitting in a ...
If you ever wondered what happens when you don’t pay your federal tax bill due, don’t. Read this article instead of trying to find out the hard way. The process starts with the IRS taking a few steps to make sure you really understand you have a bill due. First, the IRS sends you a ...
Most dictionaries define an employee as an individual who works for another person, or for a business, and receives payment. Oh if it was only that simple. The IRS further defines the relationship between an employer, or payer, and an employee, or payee. Before employers know how to treat payments made to individuals performing a ...
The IRS has introduced a new form for 2011 – Form 8949, Sales and Other Dispositions of Capital Assets. Schedule D-1, which previously served as a continuation attachment that was used to report individual transactions, has been eliminated and Schedule D has been revised to serve as a summary of capital gains and losses. As ...
According to the IRS, if you send in a paper return that is complete and accurate you should receive your refund check in six to eight weeks. If you file electronically you should have your refund in three to four weeks, and if you request direct deposit your refund could be in your bank account ...
As much as you may fear the wrath of the IRS to levy back taxes and IRS penalties, the tax man is afraid of exposure too. In the audit battle, the IRS fears two things: 1) You hiring a tax attorney or Certified Tax Resolution Specialist, and 2) You learning these seven little secrets about ...
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