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If you owe a business or property and you are not paying the taxes on time, you will be entitled of a tax lien and the government will get full rights on your property. The taxing authorities can also seize your property and sell if you fail to pay your taxes.
There are many ways of filing your tax return without incurring any extra charges. It is compulsory for each and every person who is a qualified taxpayer to pay his taxes timely. And this free taxpayer preparation program helps C qualifying taxpayers in paying their taxes timely and easily without incurring any extra charges and [...]
There are many advantages to being self-employed, but with every silver lining comes a cloud in the form of paying higher taxes under the guise of both social security and Medicaid. Collectively, these taxes are referred to as "Self-Employment" taxes. Generally speaking, these taxes are significantly higher than those one would pay if he or [...]
If you have received an alarming notice from the IRS that your tax return needs to be audited, you shouldn’t be worried as it happens to a number of taxpayers every year. To deal with this matter, you need to use your wit and follow some meaningful strategies that are given below: Learn about the [...]
Is there truly such a thing in any marriage as an "innocent" spouse? Well, according to the IRS, it doesn't matter who truly may be at fault for the situation, because it is quite possible for one spouse to be innocent. Especially when it comes to being delinquent on taxes. If one happens to be [...]
IRS Offers a Tax-Break for In-Home Care Providers Who Live in Their Client's Homes It is a commonly known fact that in the United States, the IRS and its tax laws are among the most complex in the world. For most Americans, hiring a tax expert has almost become a necessity. If an individual works [...]
As part of the American Recovery and Reinvestment Act of 2009, the U.S. government and the IRS created a number of Federal tax credits for those who chose to make certain energy efficient improvements to their primary homes. The list of eligible upgrades included: Cooling/heating systems, including geothermal heat pumps, biomass stoves, and most other [...]
When tax time rolls around, tax payers must take advantage of every possible way available to keep from paying more in taxes than they must. One way to do this is through a variety of both refundable and non-refundable tax credits. By definition, a tax credit gives taxpayers a way to reduce their tax liabilities [...]
As with most criminal violations, the IRS has established certain time periods within which they can review, analyze, and the resolve any issues they might have with a given taxpayer. According to the IRS, the Internal Revenue Code requires that they have a certain amount of time to assess, credit, refund, and collect taxes. Once [...]
Those embarking down the path of their first adoption are often unaware of how expensive giving a child a permanent home can be. However, the U.S. Federal Government via the IRS offers those who adopt the Federal Adoption Tax credit. While this child adoption tax credit is designed to help offset some of the costs [...]
