Category Archives: Back Taxes

Haven’t Filed an Income Tax Return?

If you have been procrastinating about filing your 2011 tax return or have other prior year returns that have not been filed, you should consider the consequences. Taxpayers should file all tax returns that are due, regardless of whether or … Continue reading

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IRS Offers New Penalty Relief Options

The IRS announced several new penalty relief options for taxpayers that should offer much needed relief for those finding themselves unable to pay their taxes. There are several new provisions: Penalty Relief To assist those most in need, a six-month … Continue reading

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Beware when choosing a tax resolution company

You’ve probably seen or heard the commercial of tax resolution companies claiming to have saved tax payers thousands, if not millions, of dollars in IRS tax debt.  One ad claims their IRS debt went from $100,000 to a few thousand dollars.  … Continue reading

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Do You Qualify for an Offer in Compromise?

The objective of the IRS’ Offer in Compromise (OIC) program is to accept an offer for less than the amount of tax that’s owed when it is in the best interest of both the taxpayer and the government and promotes … Continue reading

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