It would be of benefit to Dallas residents if they all knew that the Internal Revenue Service gives taxpayers a host of ways to pay delinquent federal taxes. IRS Collection Representatives are capable of discussing a range of payment plans, from a free online service to installment agreements that … [Read more...] about IRS offers a host of payment options
Paying your way out of IRS interest in a tax dispute
The clock is ticking on interest when taxpayers dispute how much they owe to the Internal Revenue Service. An outcome that is favorable to the taxpayer erases penalties and interest, but if the taxpayer is wrong and the IRS reclaims just a small amount, the result can be a highly inflated tax … [Read more...] about Paying your way out of IRS interest in a tax dispute
Preview of the 2012 inflation-adjusted IRS tax changes
The rate of inflation is factored into the Internal Revenue Service tax forms on an annual basis. Forward-thinking taxpayers can review the IRS tax changes when it releases its adjustments for 2012 in early November. Here is a preview of some of the tax agency rules that affect how taxpayers will … [Read more...] about Preview of the 2012 inflation-adjusted IRS tax changes
IRS tax lien forces couple from paid-off home
A 63-year-old man and his long-time partner recently moved out of the house they owned and occupied since 1994. The couple's story includes a pair of debt-clearing bankruptcies, an unshakable tax lien and the long-reaching power of the IRS. Tax problems haunted the man since the early 1980s when … [Read more...] about IRS tax lien forces couple from paid-off home
Estate planners say make the most of low interest rates
October's Internal Revenue Service interest rates are lower than ever, which financial experts say creates a winning opportunity for estate planning in regards to taxes. Interest rates related to asset transfers and private loans are adjusted monthly by the IRS and have dipped to the lowest level on … [Read more...] about Estate planners say make the most of low interest rates
IRS launches worker classification forgiveness program
Companies in Texas and elsewhere that have incorrectly classified workers as independent contractors now have a chance to avoid tax litigation and the wrath of the Internal Revenue Service. A new IRS "forgiveness" program lets businesses that have classified workers as independent contractors avoid … [Read more...] about IRS launches worker classification forgiveness program