Read More >
The US tax system runs on the concept of voluntary compliance. You volunteer to pay your taxes in full and on time, and Uncle Sam won’t come and make you.
If you pay people to work for you, you are required to collect and pay payroll taxes. The IRS receives 70% of its annual revenue from payroll taxes, but 18% of the tax gap is due to unpaid or unreported payroll taxes. This tends to upset the IRS.Read More >
If you somehow missed all the pop-up ads, TV commercials, and people dressed up in character costumes in front of tax preparation offices, Tax Day was April 18th. Individual taxes were due then, but if the date slipped by without you noticing, you are now late on your taxes.Read More >
Tax liens — don’t you just hate them? They can be scary, but there’s no reason to panic. The situation isn’t as dire as you might believe, and help is available.Read More >
In 2019, 20,259 taxpayers used Low-Income Tax Clinics (LITC), where they received help to get $6.8 million in refunds from the IRS. The clinics also decreased or corrected around $50 million in tax liabilities. Finally, over 41,000 taxpayers and service providers sought and received educational services from a LITC.Read More >