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Tax law is not always easy to understand. With complex terms and conditions, finding yourself in trouble with the IRS may prove avoidable if you get a basic grasp of some of the more common illegal practices. Evasion is one that many may commit without any intention....
Employment tax issues are a high priority for federal agencies to pursue. Not taking taxes out of paychecks when it is your legal requirement to do so could land you in a lot of trouble. There are several ways you could get into trouble for messing up or failing to...
Whether a business owner or a CEO, you want to stay out of trouble with the IRS. That said, sometimes you may be in a tax controversy that can lead to litigation. You need to know the following information if you are in this situation. What are tax controversies? Tax...
Receiving a letter from the IRS can make your heart sink and raise a lot of questions. Correspondence from the government agency is not always clear, so understanding what your letter means is of utmost importance. Here are some common questions and answers to help...
A tax audit is a normal part of the tax process. It allows the agency to ensure everyone is paying the proper taxes. In some cases, it can uncover errors that made you overpay on your return, so you could get a refund. The Tax Department explains you will usually...
The government requires everyone to pay taxes with very few exceptions. Your decision to ignore tax requirements can result in serious legal trouble that can impact your life for a number of years. When you understand the difference between tax avoidance and tax...
You do not want the stress or responsibility of a tax debt hanging over your head. What happens when a former spouse does not pay the requisite taxes? Can the IRS come after you? Many factors determine whether or not the government can collect your ex-spouse's debt...
Owing the IRS money may impact your life in more than one way. If you try and avoid the collection process, you may find yourself with higher hurdles to clear. The IRS has set up programs to help qualified taxpayers who need help paying get the time and plan to do so....
Smart business owners do their best to avoid taxes. The IRS considers this perfectly legal, according to their worksheet. However, tax evasion is illegal, which the IRS defines as the failure to pay taxes you owe. Sometimes the difference between tax avoidance and...
No one wants to pay more taxes than required. An IRS audit notice may prove stressful. While you believe you have carefully reported necessary information, you may start to second guess everything. To minimize the stress, it may help to understand the reasons behind...