3rd-Party Tax Debt Collector Contact You? Beware of Their Advice

third party tax debt collectorIf you owe the Internal Revenue Service tax money, you may know that some of the penalties for non-payment can become pricey: The IRS can impose additional late or underpayment penalties, and apply interest rate charges on amounts owed until they are resolved.  If the IRS fails to collect on the tax debt […]

Unpaid Property Taxes: What Happens and What You Can Do

unpaid property taxesOwing property taxes is scary. Worst case scenario—if you don’t pay the taxes, or you end up with unpaid property taxes for a long period of time, you lose your home. Luckily, there are a lot of options before that happens.

What If You Can’t Pay Unpaid Property Taxes?

If you […]

June 13th, 2017|Tax Tips|0 Comments

Even With an IRS Extension, You Shouldn’t Wait Too Long to File

irs extensionSo how did tax season go for you this year? Did you get them all done by February 1 and spend your refund by February 2? Or did you lose track of time and barely beat the April 18 deadline to file? Perhaps you missed the deadline completely and ended up having to file […]

Private Collection of Overdue Federal Taxes to Start This Month

past due taxes IRSIt’s already mid-April and the tax season is just about to come to a close. For those who still haven’t field their taxes, the deadline is now just a week away, unless you’ve filed for an extension. However, the deadline to file your federal income tax return is not the only significant tax event […]

April 12th, 2017|Tax News|1 Comment

IRS Offer in Compromise Acceptance Rate Hits All-Time High in 2016

The IRS recently released their annual offer in compromise (OIC) data for 2016. Although the acceptance rate fell in fiscal year 2014 and 2015, it reached a new all-time high in 2016 with an acceptance rate of 42.86%. That is almost 1% more than the previous all-time high reached in fiscal year 2013.

An Offer in Compromise is a “proposal by a taxpayer to the Federal government […]

April 3rd, 2017|Tax News|1 Comment