Thousands, if not millions, of Texas residents are still reeling from the recession -- an issue that for many becomes particularly apparent during tax season. Many in the state find themselves struggling to pay this year's taxes while faced with looming back taxes from previous years. Fortunately, … [Read more...] about Handling unaffordable back taxes
IRS offers tax tips for late filers
Tax season is one of the most stressful times of the year for many Texas taxpayers, with complicated paperwork and filing deadlines often representing a threatening obstacle. In an effort to help taxpayers better handle these issues and file accurate tax returns quickly and easily, the Internal … [Read more...] about IRS offers tax tips for late filers
Dealing with a tax audit
April can be a stressful month for Texas taxpayers as they struggle with the complexity of their taxes and rush to file their returns for the IRS's deadline; however, tax audits can strike at any time of year. While only about 1 percent of returns are targeted for audits by the IRS, this amounts to … [Read more...] about Dealing with a tax audit
Catholic professor accuses IRS of politically motivated audit
A King's College sociology professor says an audit by the Internal Revenue Service may have been politically motivated. The New York professional says she believes it was an attempt to discourage her from writing criticism about President Barack Obama. The professor said she continued to write … [Read more...] about Catholic professor accuses IRS of politically motivated audit
IRS red flags for tax season
As April approaches, thousands of people and businesses across Texas are preparing to file their federal income tax returns, a prospect that leaves many stressed, intimidated and annoyed. However, tax experts stress the importance of filing accurate returns to avoid making tax season even more … [Read more...] about IRS red flags for tax season
The effects of failing to file taxes on time in Texas
Filling out and submitting a federal tax return can be an intimidating, confusing or a simply annoying endeavor for Texas taxpayers, but the Internal Revenue Service is not known for its leniency. Individuals who fail to file accurate returns or pay the taxes they owe face significant fines or … [Read more...] about The effects of failing to file taxes on time in Texas