Tips on How to Reduce Tax Debt

By: Alan Cleaver

Tax debt can be as disturbing as any other type of debt. Like any debt, reducing IRS debt can be done by following these simple methods. Just like credit card debt, a tax debt to the IRS can be a major stress and be a long-lasting problem if it’s not taken care of properly. The [...]

IRS Tax Relief Options

bigstock_Irs_Money_2535827[1]

Do you owe the IRS money? Are you concerned you might owe a hefty tax return this year that you won’t be able to pay? If you answered yes to either of these questions are you aware of the tax relief options available to you? Here is a look at some IRS tax relief programs [...]

How to Know When to Hire a Tax Professional

tax forms

There is a lot of stress surrounding the near tax deadline and for many people the idea of sitting down to face their personal income taxes is too overwhelming. For those who have complicated and unique financial situations it can be even more difficult to get motivated for fear you will ultimately make costly mistakes. [...]

5 Questions To Ask Your Tax Preparer

tax help

Getting your taxes prepared is no easy feat and just because someone else is doing it for you doesn’t mean you don’t have some work to do. If you have been using the same service for the last few years and have not checked out the competition, this may be the year to do so [...]

Where To File Taxes Online For Free

By: DonkeyHotey

There are multiple resources you can utilize to file your federal income tax return for free. The IRS itself has estimated that nearly 70% of the 145 million income tax returns filed in 2012 were able to be filed at no cost to the tax payer. Where To File Taxes Online For Free Free Filing with [...]

5 Best Tax Moves to Make Before the End of the Year

budget paper

It’s that time of the year again – as the last days of 2011 dwindle down and new hopes are made for the new year, consumers are starting to prepare for the dreaded tax preparation time. If you have been keeping up with your financials tax time made not be much of a hassle for [...]

Year-End Tips to Reduce Your Federal Tax Bill

spending cash

Before it is time to file your tax bill for this year, you should put a little effort into updating your records and finances so you can save more at tax time. There are several strategies you can implement in order to reduce the amount of income tax you owe. Here are some tips to [...]

Can An Accountant Save You Money at Tax Time?

13637accaxp4s1b

Most people face tax time with a bit of anxiety. How much will you owe this year? Did you really take every deduction you could take? Is the IRS going to come knocking because you did something wrong? An accountant can help you overcome some or all of these fears, but that help can come [...]

Can I Really Settle Back Taxes for Pennies on the Dollar?

coins_refund

There are many people who are struggling to keep up with daily living expenses who are also bearing the burden of owning a back tax debt to the IRS. It can be difficult to make it from one paycheck to the next in addition to worrying about satisfying a debt owed to the powerful federal [...]

How to Settle a Tax Bill with an Offer in Compromise

Tax Debt

If you find yourself deep in debt to the tax man, there may be a way to get back to square one – a new beginning that will enable you to start over with the IRS. This method is only for someone who owes a substantial amount of money in back taxes and is unable to come up with a way of paying what they owe. It’s called an Offer in Compromise and for some people it’s their last, best hope. Following are a few tips on how to settle a tax bill with an Offer in Compromise.

Last updated by at .