Original Article Source Credits:   The Balance , https://www.thebalance.com/

Article Written By:  Beverly Bird 

Original Article Posted on:  September 01, 2020

Link to Original Article:  https://www.thebalance.com/overview-of-individual-taxpayer-irs-audit-4147677

Original Article Source Credits:   IRS , https://www.irs.gov/

Article Written By:   NA

Original Article Posted on:  December 16, 2020

Link to Original Article:  https://www.irs.gov/newsroom/get-ready-for-taxes-stay-home-and-stay-safe-with-irs-online-tools

As far as scary words in business and personal finance are concerned, the three words “Internal Revenue Service” is bound to send shivers down most people’s spines. Employing a competent tax resolution firm’s services gives you the advantage of not having to negotiate with the agency on your own, along with the expertise and knowledge of tax codes and how to make them work for you. 

Original Article Source Credits:   IRS , https://www.irs.gov/

Article Written By:  NA

Original Article Posted on:  November 2, 2020

Link to Original Article:  https://www.irs.gov/newsroom/irs-makes-it-easier-to-set-up-payment-agreements-offers-other-relief-to-taxpayers-struggling-with-tax-debts

As we wrap up the year the last thing most people are thinking about is their taxes. But planning ahead can have a serious impact on your tax bill next year, especially if you know you’ll owe taxes.

In this article, we’ll talk about some steps you must take if you know you’ll be owing taxes to the IRS or state.

If you owe back taxes you might think you need a tax attorney, but that’s not necessarily always the case. Just like hiring a traditional accountant to try to resolve your tax debt might not be the best choice, hiring a tax attorney, who doesn’t specialize in tax resolution might be the same thing.

When you owe the IRS back taxes, it’s best to have the right tax relief firm representing you so you can get the best result possible. Don’t try to face the most brutal collection agency on the planet alone. You’ll be sorry you did.

Original Article Source Credits:   Forbes, https://www.forbes.com/

Article Written By:  Kemberley Washington and Korrena Bailie

Original Article Posted on:  Nov 13, 2020

Link to Original Article:  https://www.forbes.com/advisor/personal-finance/heres-what-bidens-win-means-for-your-taxes/

Original Article Source Credits:   CNBC , https://www.cnbc.com/

Article Written By:  Darla Mercado

Original Article Posted on:  NOV 18 2020

Link to Original Article:  https://www.cnbc.com/2020/11/18/thisthe-irs-is-blessing-workaround-that-allows-business-owners-to-deduct-state-and-local-taxes.html

Original Article Source Credits:   The Balance , https://www.thebalance.com/

Article Written By:  William Perez

Original Article Posted on:  July 31, 2020

Link to Original Article:  https://www.thebalance.com/irs-tax-audit-stories-3193350

When you owe creditors money that you can't afford to repay, sometimes you may be able to get the debt forgiven or otherwise canceled. When this happens, you no longer owe your creditors the money that you used to owe them.

The IRS, however, usually treats such canceled debt as income that you've received. Income that you could owe taxes on. If you fail to report it or fail to pay your taxes on the cancelled debt, you’ll end up ow

For early adopters of Bitcoin, Ethereum and other popular cryptocurrencies, the profit potential has been simply stunning. While there have been some heart stopping moments and frightening ups and downs, the clear long-term trajectory has been upward.

If you are one of those early adopters who profited from the rise in cryptocurrency values, you are probably feeling pretty good about your decision. But your good fortune could soon take a dark turn, one that could leave you in hot water with the IRS.

Original Article Source Credits:   IRS ,https://www.irs.gov/

Article Written By:  NA

Original Article Posted on:   October 23, 2020

Link to Original Article:  https://www.irs.gov/newsroom/to-help-non-filers-irs-sets-nov-10-as-national-eip-registration-day-register-at-irsgov-for-economic-impact-payment

Original Article Source Credits:   The Balance Small Business  , https://www.thebalancesmb.com/

Article Written By:  Jean Murray

Original Article Posted on:  September 02, 2020

Link to Original Article:  https://www.thebalancesmb.com/the-trump-payroll-tax-cut-what-it-means-for-your-small-business-5076486

The IRS ideally projects an image of efficiency and fairness, but as a government agency, it also has to inform the citizens about its inner workings. There is perhaps no entity disliked more than the IRS. Like every government agency, they also have secrets they don’t want you to know. Either because it would make it easier for the agency if people don’t know these details, or because taxpayers can use these tips to get some of their money back. Being informed and remembering that even the IRS can’t be perfect is the first step to dealing with this hurdle. To help you overcome this hurdle, Ultimate Tax Relief has listed five tips the IRS doesn’t want you to know. Keep reading to know what they are. 

Original Article Source Credits:   Entrepreneur , https://www.entrepreneur.com/

Article Written By:  Tom Wheelwright

Original Article Posted on:  September 29, 2020 

Link to Original Article:  https://www.entrepreneur.com/article/356679

Original Article Source Credits:   CNBC , https://www.cnbc.com/

Article Written By:  Darla Mercado

Original Article Posted on:   OCT 23 2020

Link to Original Article:  https://www.cnbc.com/2020/10/23/trump-says-he-prepaid-his-taxes-so-do-millions-of-other-americans.html?&qsearchterm=tax

If you’re experiencing income tax issues, you are not alone. Every year, thousands of American citizens come across some kind of tax problems with the IRS. This may either be the result of financial problems, miscalculations, or delays in filing returns. Nonetheless, if the IRS (Internal Revenue Service) brings to your notice an issue with your tax records, you must have it solved as soon as possible.

Few people look forward to tax filing season. Unless you are an accountant who loves tax season, you probably dread this time of year, and you are thrilled when your return is in and your refund is on the way or your tax debt is all paid off.

Tax time will be here (again) before you know it. If your tax return is a simple one, you may be up to filing the return yourself. But if your situation is somewhat complicated, seeking the help of a qualified professional is probably the best move.

Working from home can be a dream come true, especially if you also work for yourself. Opportunities for freelancers, gig workers and other self-employed men and women have exploded in recent years, giving people freedom they crave without sacrificing the income