The Internal Revenue Service is hoping to receive tax payments it is owed, but with the recent creation of its Fresh Start program, it may begin seeing more of those tax debts paid. The Fresh Start program allows people that owe the government back taxes an offer in compromise, but everyone does not … [Read more...] about IRS offers Fresh Start program to those with tax debt
Federal employees must pay taxes or get fired, according to new bill
As the saying goes, nothing is certain but death and taxes. The IRS, like the grim reaper, will always find you -- unless you are a federal employee. But a Republican congressman from Utah is hoping to change that. He is sponsoring a bill to terminate federal workers who avoid their taxes. The … [Read more...] about Federal employees must pay taxes or get fired, according to new bill
Major tax increase imminent unless Congress takes action
According to Senator Orrin Hatch, top Republican on the Senate Finance Committee, Americans are in for a brutal tax increase unless legislative action is taken soon. In just over five months, taxes will be raised to an unprecedented degree unless President Obama and Congress can come to an … [Read more...] about Major tax increase imminent unless Congress takes action
Governors: IRS powers could expand
A group of governors has warned Texans and all Americans that the U.S. Supreme Court's decision to uphold President Barack Obama's Affordable Care Act will lead to the expansion of the power of the IRS. The justices' recent ruling means that the court upheld requirements in the act that Americans … [Read more...] about Governors: IRS powers could expand
Old tax bills could result in foreclosures
Despite the filing of accurate returns and paying their income taxes, Texans can still find themselves in big trouble with the tax man. Americans who fail to pay the other tax bills -- whether property taxes or other city-issued bills -- could find themselves losing their homes over an unpaid … [Read more...] about Old tax bills could result in foreclosures
Texas city wipes away tax bill of major business
The Houston City Council, in its role as a tax agency, has voted unanimously to extend a tax break to a billionaire businessman for the second time. Now, city officials are on the defensive, trying to explain to angry Texas residents why his company, which failed to honor a previous commitment, has … [Read more...] about Texas city wipes away tax bill of major business