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07.05.2012
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Your Questions About Back Taxes Help

Maria asks…

Are there programs to help pay off back taxes?

I owe approximitly $5000.00 in back taxes that i can not afford to pay. Are there Tax debt programs to help you settle for a smaller amount?

admin answers:

If you can pay $100 per month, IRS will insist on that. If you can’t pay anything without it causing a hardship, IRS would classify the account as currently not collectible. There is no legal bar against offering less than full payment (on the appropriate forms) but considering the small amount due, the potential for success is dubious at best..

Helen asks…

Which tax help company is best with back taxes?

My father owes back taxes and we’re wondering wich company is best with that pproblem plz help!

admin answers:

Rule 1) If they advertise heavily on TV or Radio, they are best to be avoided.

Rule 2) Never forget Rule 1.

The ones that advertise are crap. They charge thousands of dollars and are notorious for promising a lot and not doing much.

Contact a CPA or an EA in his local area and explain the situation.

Ken asks…

Do college students have to pay their back taxes?

I keep hearing that college students are exempt from paying back taxes if they owe? I don’t believe this to be true, BUT I am hoping that there may be light at the end of the tunnel seeing that I owe quite a bit. I’m already having a hard enough time paying for school plus additional expenses.

Any and all help is greatly appreciated.

admin answers:

There is no relief or deferment for students, at least not for income tax purposes. You may be classified as currently uncollectible but interest will continue to accrue.

Robert asks…

How to dave house from back taxes?

I don,t have 3,500.00 to pay on my back taxes on my house.If i don,t pay sson it will be seized and sold for taxes.Any suggestions? Can anyone help me enough though i don,t have the money. Can,t get a loan because of bad credit

admin answers:

Hindsight is 20/20. It is beyond me how you could have gotten $3500 behind on your taxes without knowing about it, so all I can do is figure you had some reason for not paying them. I’m afraid that, when you screw around with your taxes, you’re screwing around with the IRS……the only entity that can take your car, your house, all your assets, and probably even your first-born child for all I know. The only thing I can think of would be to call the IRS and see what they might be willing to work out with you. Maybe it’s beyond that point, I don’t know. I guess I’d be taking a good hard look around the house and coming up with everything I could to sell, even if it meant sleeping on the floor or going without a computer or TV. It’s a terrible shame to lose an entire house over just $3500 in back taxes. I wish I could be more helpful but I really don’t know of a way to dodge the IRS. Best of luck to you.

Donald asks…

How do I file back taxes for my deceased father?

My father currently died and did not file taxes for 2010. I am not sure what I need to do in order to file those taxes on his behalf. Any help is appreciated as are links! Thanks in advance!

admin answers:

Whoever is the executor of his estate or, if there is no probate, whoever shows up on his death certificate as the informant–in my state, California, this is legalese for next of kin–can file a return in the name of “Joe Taxpayer, Deceased c/o the informant.” Attach IRS Form 1310 http://www.irs.gov/pub/irs-pdf/f1310.pdf to claim any refund and attach a photocopy of the death certificate.

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04.18.2011
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IRS Wage Garnishment


What is an IRS Wage Garnishment?

IRS Wage GarnishmentAn IRS wage garnishment is one of the more powerful and perhaps, most preferred method of collecting tax debts. The Internal Revenue Service or IRS has the authority to encumber any property that may lawfully be applied as payment for delinquent back taxes owed by the taxpayer. Understanding the amount to be deducted in the taxpayer’s paycheck in an IRS wage garnishment can be very complicated. This is why many taxpayers will seek the help of a qualified tax attorney to lift the wage levy. Read More Here…

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04.03.2011
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IRS Bank Levy


What is an IRS Bank Levy?

IRS Bank LevyOne of the ways the Internal Revenue Service can collect tax debts is through an IRS bank levy. This is but one of the types of collection methods the IRS uses in order to nudge taxpayers back into compliance. The IRS is very aggressive in hunting down taxpayers with back tax debts and the agency has a variety of strong-arm methods to make them pay.

An IRS bank levy is similar to other levies. The IRS will usually fist try sending a number of notices to the taxpayer about the back taxes they owe to the federal government. If the taxpayer takes no action the IRS may put a tax lien to the taxpayer’s properties as security that the tax debt will be paid. The tax lien will be followed by a levy of personal property. An IRS bank levy falls under this personal property category. Read More Here…

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03.19.2011
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Tax Settlement Help


Tax Settlement: Getting Help From The IRS

The IRS has programs that offer tax settlement to taxpayers who want to clear their tax liability. These programs can be availed of by those who have a hard time paying their tax debts as long as the IRS can see that they want to settle their delinquent taxes. There are different types of options that taxpayers can choose from. In most cases there should a convenient program applicable to their situation. The IRS wants taxpayers to pay their IRS back taxes in full but they are often willing to make an exception for those who are economically distressed. Read More Here…

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03.19.2011
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Can’t Pay Back Taxes? Get Help


Can’t Pay Back Taxes – Get Help

Can't Pay Back TaxesThere are a lot of people who can’t pay back taxes to the IRS. If you think you are the only one who cannot remit payments, think again because it is estimated that more than ten thousand people owe taxes to the IRS every year. As your unpaid taxes pile up annually, the interest and penalties also increase. The more you run away from this problem, the more money you owe the government, and the more the IRS will have grounds to run after you. But did you know that if you coordinate with the IRS to solve your unpaid taxes, they will gladly help you out and find a way for you to pay your tax debts?

The IRS is also concerned about the citizens’ welfare, and they do have solutions to offer people who can’t pay back taxes. One advice the IRS gives to their clients is to pay the whole tax debt at one time. This will avoid additional delays and interests caused by procrastination. If you have a huge tax debt, one strategy is for you to apply for a home equity loan for you to pay the whole amount. The monthly amortization of this will be a lot lower than the extra fines and penalties incurred by the debt. Read More Here…

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01.30.2011
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How to Avoid an IRS Tax Audit


Five Tips For Avoiding An IRS Tax Audit

IRS Tax AuditSome taxpayers inadvertently raise a red flag making them more likely to be the subject of an IRS tax audit. In particular, home businesses, small business owners and other self-employed taxpayers seem to be more likely to face an IRS tax audit. But the risk of being audited can be reduced with proper planning. Here’s 5 tips that may help:

1.      File your income tax returns on time even if you cannot pay the full amount: While interest and penalties may accrue, not filing your tax returns will get you in hot water and may even lead to criminal charges. If you have not been filing your tax returns promptly you should consult with a tax attorney before the problem gets worse. Read More Here…

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01.12.2011
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Understanding The Alternative Minimumm Tax


What is the alternative minimum tax?

Alternative Minimum TaxThe alternative minimum tax, frequently referred to as the AMT was first introduced over 40 years ago. The authors of the alternative minimum tax designed is so the  AMT rates would target a certain class of taxpayers that were eligible for tax  benefits such that they ended up owing very little or no tax. The alternative minimum tax scheme has been criticized over the years and as a result has undergone many changes, for instance in 1980 and the year 1990, but after nearly a half a century it remains part of our tax system. Read More Here…

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01.09.2011
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Avoiding An IRS Criminal Investigation


Why Risk An IRS Criminal Investigation?

…A Tax Attorney Can Help

irs criminal investigationTaxpayers facing an audit may unwittingly trigger an IRS criminal investigation. A taxpayer who is not represented by a tax attorney or other qualified tax representative may innocently provide the IRS auditor with otherwise unnecessary records and information that could raise suspicion sufficient to start an investigation.

Furthermore, your innocent ramblings and zeal to be cooperative may actually be used against you.

 

There is an excellent article by CPA, Walter Wotman the underscores in detail the troubles unrepresented taxpayers sometimes face during the tax audit process.  We think it well worth  reading… Read More Here…

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01.05.2011
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Owe The IRS Unpaid Delinquent Taxes?


Owe Delinquent Taxes?  Learn 5 Ways a Tax Lawyer Can Help

Delinquent TaxesIf you owe unpaid delinquent taxes you may be wondering about the best way reduce your tax bill and to pay them off, etc. A tax lawyer can guide you through the process.

Here are five ways a tax lawyer can help with tax problems:

1) You can actually save money and avoid overpaying your delinquent taxes when you use a tax lawyer. Tax attorneys know which deductions you are entitled and they know legal strategies that may significantly reduce your delinquent taxes. In addition, the legal fees paid to your tax lawyer are generally tax deductible. Read More Here…

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