4 Tax Options When a Spouse Owes Back Taxes

By Top Tax Staff

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.

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The Risks of Missing the October 15 Extended Tax Filing Deadline

By Top Tax Staff

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.

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Making a Valid Offer in Compromise to Resolve Back Taxes

By Top Tax Staff

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. 

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Taxpayer Relief with Top Tax Defenders' Services

By Top Tax Staff

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.

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Can I Go to Jail for Unfiled Taxes?

By Top Tax Staff

Failure to file and pay your taxes on time each year invites a host of penalties that can inflict long-lasting damages on your life and finances. Out of all of them, you might fear going to jail the most. 

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The Impact of Unfiled Tax Returns on Your Security Clearance

By Top Tax Staff

You realize you have to file and pay your taxes by the April deadline each year. Despite being aware of this obligation, you might fall short of fulfilling it. In turn, you could compromise critical aspects of your job including your ability to keep or maintain your security clearance. 

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What to Do If You Miss the Tax Filing Deadline

By Top Tax Staff

When April 15 has come and gone, you might believe that you have missed your chance to file your income tax return. You also may wonder what kind of punishments or penalties the IRS has in store for you for missing the tax filing deadline. 

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How Far Back Can the IRS Collect Unfiled Taxes?

By Top Tax Staff

The IRS expects you to file and pay your taxes on time each year. When you fail to submit a return, you put yourself at risk of IRS collection activities that could result in financial hardships for you and your family. 

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Tips for Resolving Your Unfiled Back Taxes

By Top Tax Staff

The IRS expects you to file and pay your taxes on time each year. When you fall behind with your returns, you put yourself at risk of steep fines and penalties and collection activities like wage garnishments or bank levies. You can get caught up with filing your returns and settle your back taxes by using these strategies. 

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Understanding IRS Tax Penalties and How to Avoid Them

By Top Tax Staff

Tax season is stressful enough without having to worry about incurring IRS penalties. The IRS does not randomly assess penalties on people's tax obligations. 

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