Tax Matters - The Top Tax Defenders Blog

Getting married means sharing your life with your spouse in more ways than one. You may be combining two separate households, including your finances. If you did not talk about it before you said, “I do,” you may want to discuss those finances before you receive a surprise wedding gift from the IRS.

Your tax return is full of sensitive information. Everything from your first and last name and address to your Social Security number is listed on this form.

The IRS gives taxpayers until April 15 to file and pay their federal income taxes. People who cannot make this deadline to file can request an extension until October 15 by filling out and submitting IRS Form 4868. This extension will grant taxpayers extra time to file their returns. They must pay their estimated amount of taxes by the April 15 deadline, however.

Dealing with the IRS can be a hassle for which you do not have the time or patience. You may have no idea what it wants from you or how you can resolve your tax situation to the IRS’s satisfaction. Rather than struggle with tax debt and other IRS challenges, you could get them resolved quickly by hiring an experienced tax attorney today. 

The IRS utilizes a number of collection activities to recoup debts that taxpayers owe to it. Among them, tax levies are many times the most difficult with which to cope.

Creditors generally have a variety of options to collect on debts owed to them. Among them, wage garnishment is one that is used the most often to get money from debtors.

When you owe a debt to the IRS, you might wonder what your options are for satisfying it. Rather than pay a tax debt that you cannot afford, you could settle it for less by making an Offer in Compromise to the IRS. By using these strategies, you better the chances of your IRS Offer in Compromise being accepted the first time you submit it for consideration. 

Going up against the IRS can be an overwhelming and daunting task. Most people have no idea of what the current tax laws are. You also may worry that the IRS has an unfair advantage over you as a private taxpayer.

You trust your tax professional to prepare your tax returns accurately and without mistakes. When errors do happen, however, you might wonder how they can affect you as a taxpayer and what steps you can take to remedy them. You can avoid serious IRS penalties and fines by using these tips to handle tax preparer mistakes.