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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 […]

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How the IRS Seized Millions From Small Businesses: Equitable Sharing or Extortion?

Estimated Reading Time: 8 Minutes If you’re a small business owner, following the rules won’t necessarily stop the IRS from seizing your bank account. Under loose allegations of business owners making evasive deposits, the IRS has taken millions from small business owners. How they did it will shock you Federal law allows the IRS to […]

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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 […]

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Can the IRS Take Your 401(k)?

Estimated Reading Time: 7 Minutes If you’ve worked your entire life to save money for your retirement, it can pose a serious issue if you receive a notice of delinquent federal taxes from the IRS. It may feel unfair and worrisome for both yourself and your family. You may wonder how it is possible for the […]

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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 […]

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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 […]

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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 […]

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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 […]

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The Complete Guide to IRS Notices

In our past blog post, IRS Notices Decoded: What Your IRS Notice Means we reviewed the reasons you may have received a notice from the IRS, advised how you should move forward, and provided a list of common notices with their definitions. Since it’s tax season we decided to one-up ourselves and provide you with […]

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