The threat of an audit from the Internal Revenue Service can be frightening and stressful, even for those who file accurate tax returns. The IRS can enforce harsh penalties against individuals who are found to have purposefully misreported their earnings. The power of the IRS includes placing liens … [Read more...] about Tips for dealing with an IRS audit
Small businesses to face increased IRS scrutiny
The Internal Revenue Service has announced plans to crack down on small businesses accused of under-reporting their annual income. The IRS has identified and contacted 20,000 such businesses since 2012. This could spell trouble for some Texas businesses, particularly those that conduct a large … [Read more...] about Small businesses to face increased IRS scrutiny
Tax tips for non-filers
The Internal Revenue Service can be severe in the penalties it levies against individuals who fail to file accurate tax returns or those who attempt to illegally lower or avoid their obligations. The agency is generally welcoming to those who have simply failed to submit filings in recent years. Of … [Read more...] about Tax tips for non-filers
Tips for addressing tax problems
Income tax is notoriously complicated for many people. The various laws, codes and regulations dictating the filing of taxes can make it difficult for Texas residents to resolve issues with the IRS by themselves, particularly when they wish to dispute specific fees or penalties. A number of … [Read more...] about Tips for addressing tax problems
Dealing with the IRS and unaffordable taxes
Millions of people across Texas and the rest of the United States face a serious problem every year; they are ordered to pay income taxes that they cannot afford. It is common for a citizen to owe more than they can afford or even more than they possess, particularly given the lingering effects of … [Read more...] about Dealing with the IRS and unaffordable taxes
Republicans blast IRS over targeting scandal
A number of prominent Republican leaders continue to criticize the Internal Revenue Service for an alleged bias against conservative groups that applied for tax-exempt status, with some arguing the tax agency intentionally colluded with the Obama administration in order to suppress the Tea Party … [Read more...] about Republicans blast IRS over targeting scandal