So what do you do when love knocks on your door? When you get a knock on the door and in your driveway is a car and a badge you have never seen before, it is most likely an IRS agent. How many doors I have knocked on. The looks, the...
Let's hear this straight from the horse's mouth, the IRS. How long should I keep my records? You must keep records so that you can prepare a complete and accurate income tax return. The law does not require any special form of records....
If you get an agreement by the IRS approved, a one-time user fee will be charged. The user fee for a new agreement is $105 or $52 for agreements where payments are deducted directly from your bank account. For eligible individuals with...
Take a guess.............................. 1. 1 million 2. 2 million 3. 3 million 4. 4 million The correct answer is closest to number 4. Yes, 4 million returns that the IRS must issue a formal report to the taxpayer.
One of the questions that comes up is the one of "how many" of this or that. So here is a fact in case you are on the millionaire show. How many Federal Tax Liens are filed a year? Answer in 2008, around 700,000. The number seems to grow...
This may surprise you. Their bark is worse than their bite. In 2007, the IRS seized nationwide, 676 hard assets. Why is this number so low? The government makes it very difficult for its revenue officers in the field to actually make...
Tax Credit for the First Four Years of College. The American Opportunity Credit can help parents and students pay part of the cost of the first four years of college. The new credit modifies the existing Hope Credit for tax years 2009 and...
It may surprise you, but the number of offer's in compromise being filed has dropped over the last couple of years. In 2005, just over 74,000 offers in compromise were filed. In 2007, only 46,000 were received. Why the drop??? The writer...
First time home buyers beware, December 1st is your date, but do not try to fool the IRS with a false claim. The IRS has 25 criminal investigations going on at the present time because the 5405 form is so easy to...
Having IRS problems? Whether it’s about back taxes, wage garnishments, tax levies, unfiled returns, or any other type of tax problem, Fresh Start Tax can represent you and get the IRS off your back.
Call us to speak directly to a tax professional who is expert in the area of your particular tax issue. You’ll never have to speak to the IRS… we will represent you, and handle all the issues with professionalism, confidentiality, and with the utmost concern for your financial well-being.
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