Tax Matters - The Top Tax Defenders Blog

Taxpayers typically want to do everything in their power to avoid an IRS audit. Because the IRS is not entirely forthcoming about how some returns are chosen over others, it can be difficult for you to know how to audit-proof your returns.

When the IRS finds questionable information on your tax return, it could decide to audit you. An audit could lead to you paying more money or incurring expensive penalties and fines. Using these five important strategies, you can file your taxes and make your returns as audit-proof as possible.

The Affordable Care Act was passed to encourage Americans to purchase and maintain health insurance policies for themselves and their families. Since its passage, however, many people either refuse or cannot afford to buy coverage. 

The Affordable Care Act, also known as Obamacare, now requires all eligible U.S. citizens and residents to have health insurance. Failure to purchase health insurance from your employer, a private insurer, or through the Healthcare.gov exchange could result in the IRS monetarily penalizing you and your family.

The government has a vested interest in keeping businesses afloat and people employed. When companies and their workers fare well, they in turn contribute to the economy.

The chances of being selected for an IRS audit are rare for most taxpayers. However, if you have good reason to believe that your return will be audited this year, you may wonder what you should be doing now to ensure the best possible outcome. These five crucial steps can help you get ready if or when you are chosen for an IRS audit.

Creditors are ready to take whatever steps are necessary to collect on money that is owed to them. When you are unable to pay off a debt entirely, your creditor may petition the court to have your wages garnished.

The IRS has the duty to make sure you pay every cent that you owe in taxes. When you have an outstanding tax debt, the IRS will utilize a variety of collection methods to settle the amount.

Close to a million taxpayers owe the IRS money at any given time. While the IRS makes sincere attempts at collecting each penny owed to the government, in reality it does not have the resources to pursue each individual debtor.