Tax Matters - The Top Tax Defenders Blog

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.

Do you owe back taxes? You have options for tax debt settlement that can help you get straight with the IRS. It’s no fun getting letters from the federal government that show your tax debt rising with every month that goes by.

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. 

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.

Sigh! Another Tax Day has come and gone. We hope you at least filed or asked for an extension on time. But what's this? You can't make your IRS payment? 

Uh oh. Did you wait until the last minute to do your taxes again? That’s OK. We’ve got you. Just in time, here are some last-minute tax tips for 2022.

One of the most frightening acronyms in the USA is IRS. This seemingly all-powerful government agency can strike fear into almost anybody. If ever there was a time you needed a lawyer, getting out of debt to the IRS is one of the best.

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. 

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. 

Nobody likes paying taxes, but there is a right way and a wrong way to reduce your tax burden. If you do it the wrong way, it’s called tax evasion, which can cost you big-time penalties and imprisonment.