How to Find Out if You Owe Taxes
Estimated reading time: 6 Minutes So you filed your taxes last month, but for whatever reason, you feel like you might actually owe the IRS taxes, rather than being issued back a return. Or maybe your situation is different. Perhaps your employer doesn’t deduct taxes from your paychecks throughout the year and you know for […]
No Longer Dead, IRS Owes Man Tens of Thousands In Tax Refunds
Declared Dead by IRS for 29 Years, Living Man Finally ‘Resurrected’ Original Article by Karen Bleier, May 10, 2017, 4:38 PM (CBS/AP) At just four years old, a Minnesota man was falsely declared dead by the IRS. Now, 29 years later and with the help of his state senator, the IRS finally recognizes that Adam […]
Breaking: Private Debt Collection Agencies to Chase Down Your Debt in 2017
Estimated Reading Time: 8 Minutes The mainstream media has now started picking up on the IRS private debt collection program. We reviewed the Private Collection of IRS Debt back in January in our post Someone’s Claiming I Owe Money To The IRS. Is This Legit?. View the post to learn how you can protect yourself and […]
All of Your 1040 Tax Form Questions, Answered.
Estimated Reading Time: 8 Minutes We’re currently in the midst of tax season, and you’ve been procrastinating filing your tax return for the year. You’re definitely not alone. Just the thought of filing your taxes sounds like it’s going to be a daunting task. Below are the most common questions about IRS Form 1040. When […]
Can the IRS Take My 401(k) for Back Taxes?
Estimated Reading Time: 7 Minutes Tax liens and wage garnishments for unpaid taxes can be confusing and unsettling. And it’s even more unsettling to think that the IRS can levy your 401(k). The IRS’s ability to access these funds to settle tax debts is concerning for individuals and businesses alike. If you’re receiving notices from the […]
4 Important Things You Didn’t Know About Trust Funds & The IRS
Estimated Reading Time: 5 Minutes As a business owner, whether small or large, you have an obligation to withhold money from your employees’ paychecks for Medicare and Social Security taxes. This is no small matter. The IRS holds you (the employer) accountable to collect these trust fund taxes on a monthly or quarterly basis. An […]
No Health Insurance? No problem. Here’s what the IRS is Now Saying About Withholding Tax Refunds.
Estimated reading time: 8 minutes If you’re one of the 29 million people in the United States worrying about receiving an IRS penalty for not having health insurance in this past year this is good news. So you can take a moment to wipe the sweat off your brow for now. The Trump Administration and […]
1099 vs W-2 Employee: What’s the Difference?
Estimated reading time: 4 Minutes The IRS classifies types of workers as either an employee or independent contractor for tax purposes. If you’re reading this, you may wonder how they classify you. Determining whether a worker is an employee or independent contractor is not as simple as one might hope. It’s a gray area, and […]
Woman sues Howard Stern over airing private call with IRS
On Monday, satellite radio personality Howard Stern was hit with a lawsuit initiated by a woman named Judith Barrigas for allegedly airing a private conversation with an IRS agent on his talk show. Per the complaint filed in Massachusetts federal court, Barrigas called the IRS’s service center on May 19, 2015 to discuss the potential […]