What is the Difference Between a Tax Resolution Company and a CPA?

By Top Tax Staff

When you have a complicated tax return to file or need professional guidance handling a complex tax issue, you may debate whether to contact a tax attorney or a certified public accountant. Your best choice may depend on the type of issue you have with your taxes and what kind of resolution you hope to achieve. You can decide which professional can offer you the best tax assistance by learning about the differences between a tax attorney and a CPA.

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Who Qualifies for the Fresh Start Tax Program?

By Top Tax Staff

Despite your best intentions, you may need to push the proverbial Restart button with your connection with the IRS. Inadvertent errors, failure or inability to pay, or failure to submit your returns on time can jeopardize your taxpaying compliance and put at risk of fines and penalties.

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What is Criminal Tax Counsel?

By Top Tax Staff

The IRS employs a team of agents dedicated to investigating incidences of tax fraud. Once they discover these offenses, they make sure that the IRS recovers every dollar that is owed to it.

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Solutions to the 4 Most Common Tax Problems People Face Today

By Top Tax Staff

You may have every intention of filing and paying your taxes on time each year. However, at some point you may experience an issue that prevents you from being compliant with the IRS. 

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Four Tax Debt Relief Options to Lower Your Tax Burden

By Top Tax Staff

The IRS can use a host of methods to collect on your back taxes. It can levy your assets, put a lien on your income, and use other means to recoup your government debt.

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The Impact that Owing Back Taxes Can Have on Getting a Passport

By Top Tax Staff

The IRS' main obligation centers on collecting current and past due taxes. Because it can be difficult to collect money from people who travel and live overseas, the federal government has implemented laws that could make it more challenging for seriously delinquent taxpayers to get a passport. If you owe taxes and plan to travel internationally, you should realize how your tax debt could impact your ability to get or renew your passport.

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My Wages Are Being Garnished - What Happens to My 401K?

By Top Tax Staff

 

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.

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Does the IRS Offer One Time Forgiveness?

By Top Tax Staff

 

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.

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Celebrities that Got Busted for Tax Evasion

By Top Tax Staff

Despite having millions in the bank, celebrities are just like everyday taxpayers and sometimes experience their fair share of tax woes. These 10 celebrities are well-known for their work on the big screen or in concert as well as the fact that they were charged with tax evasion. 

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Are There Any Consequences of Defaulting on an IRS Installment Agreement?

By Top Tax Staff

Taxpayers with IRS installment agreements have the opportunity to clear their accounts with the agency over time. However, some taxpayers end up defaulting on their agreements by missing payments or sending them in late. What are the consequences of defaulting on an IRS installment agreement? 

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