US Tax Court Rejects Actor’s Bid To Reduce Tax Debt By Millions
Actor Wesley Snipes has learned that the United States Tax Court has rejected his bid to reduce his tax debt by millions.
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5 Ways To Pay Your Taxes When You Don’t Have The Cash
The good news for taxpayers? More than half of us didn’t owe taxes for the last tax year on record. The bad news for taxpayers? The other half of us did. Hopefully, if you fall in the latter category this year, the amount that you owe isn’t too bad. But if it’s more than you…
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Taxes From A To Z: O Is For Offer In Compromise
O Is For Offer in Compromise. When you owe a debt to the IRS, there are a few ways that you can handle it. Most commonly, you can enter into an installment agreement; under an installment agreement, you agree to pay off your debt over a period of time. If you can’t pay the full…
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What Are My Options If I….?
I get tons of questions asking simply “What are my options if I (insert crazy tax history here)?” Your options can be complicated. And you can completely expect my rant now about how important it is to check with your tax professional before rushing into anything. That said, I do believe in being as educated…
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So Much For The Kinder, Gentler IRS
If you’ve been following along, the changes that have been made to the IRS in this tax year have not been kind to taxpayers. Application fees are on the rise, often by more than $100. Penalties are being kicked up. Private debt collectors have been retained to knock lose a few more dollars from taxpayers. The…