23rd October 2011
One of the first things foreigners notice when they come to America is that we are more than a nation of fast food restaurants and discount department stores. The success of companies like Macdonald’s and Wal-Mart has created the near global perception th...
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22nd October 2011
About one percent of taxpayers receive an IRS audit notice in the mail each year. Most of these missives are little more than requests for additional information. Perhaps you made a math error or failed to include your social security number or to sign yo...
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14th October 2011
The Internal Revenue Service (IRS) is on the prowl. With the economy in the dumps, they have been ordered to increase tax revenues. How do we know this? Because the infamous federal agency has suddenly and dramatically increased the number of tax returns ...
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14th October 2011
American economists generally agree that the latest recession was the worst financial downturn since the Great Depression. Millions of jobs, homes, and fortunes were lost in a little over a year and half. The US emerged from this economic crisis in June o...
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07th October 2011
It is more popular than Saint Patrick’s Day, Columbus Day, and Veteran’s Day, and yet it is does not appear on any calendar printed in the United States. More than one hundred and forty million Americans observe this date by sending letters, either elect...
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25th August 2011
When a taxpayer is substantially and protractedly in arrears to the IRS, the agency may place a tax levy on his personal possessions. A tax levy is often confused with a tax lien, which is really nothing more than claim that is used as security for a debt...
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28th July 2011
Twenty million Americans owe back taxes to the IRS. These debts range from minor to monstrous. But no matter how much they owe, most tax debtors worry about dealing with the IRS on their own. The world’s most feared federal agency has a history of harass...
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28th July 2011
There are several scary missives people dread seeing when they open up their mailboxes. An overdue notice, a summons for jury duty, or a traffic ticket are all unpleasant discoveries. But none of them can compare with an IRS Notice of Levy.
An IRS No...
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22nd July 2011
When a taxpayer cannot afford to pay his tax debt, the Internal Revenue Service (IRS) may grant him an offer in compromise (OIC) if he qualifies. This agreement lets the taxpayer settle his debt for less than he actually owes. They are, however, extremel...
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22nd July 2011
Owing money to Uncle Sam is as American as apple pie. According to recent estimates, as many as twenty million Americans owe some form of back taxes. The federal agency whose job it is to collect taxes is the Internal Revenue Service (IRS). In addition ...
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05th July 2011
We often hear that money isn’t everything. It’s true when you think about it. It’s not money that is important to you. Rather, the things that are important to you are the things you spend your money on. Problems ensue when you are no longer able to spend...
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05th July 2011
The Internal Revenue Service (IRS) mails out millions of frightening missives each year. Most of these letters involve minor offenses that can be dealt with in a jiff, without a visit or a call to a local IRS office. But every now and again, the reason f...
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27th May 2011
Millions of Americans fail to file their individual income tax returns each year. Some of these people have perfectly reasonable explanations for why they did not file and pay. Perhaps they were seriously ill or they were travelling abroad. Of course, the...
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27th May 2011
The Internal Revenue Service (IRS) is getting tough on taxpayers. After a few down years during recession, the federal agency that is responsible for tax collection is making up for lost time. Individual audits increased to 1.58 million last year, which ...
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25th May 2011
It seems almost unthinkable that a federal agency would come after a soldier who had fought and been wounded for his country, but even wounded soldiers are still taxpayers. The Internal Revenue Service (IRS) has the legal right to collect from anyone in a...
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