As scary as it sounds, an audit can be inconvenience as well. However, the good news is that only 1% of tax returns are selected for auditing. There are a number of ways you can avoid an IRS audit. Here is how to avoid an IRS audit:   Reporting All Your Income Failing to [...]

Words like ‘Tax’ and ‘Audits’ can throw anyone in a spiral. Asking a pro to help you with your tax returns may seem easy, but in actual, choosing the right one is as complicated and difficult as doing it yourself.   The reason is absence of any federal law regulating tax preparers outside of known [...]

   The Affordable Care Act, also known as Obamacare, is tied to the federal tax system. With the tax deadline approaching fast (April 18th), this can actually create problems for self-employed individuals. Although it is always a good idea to get help from trusted websites, it is also important to have some knowledge of the [...]

WASHINGTON —the Internal Revenue Service's Low-Income Taxpayer Clinic (LITC) Program Office has released its fourth yearly program report. The new report portrays how LITCs have helped low-income tax payers and people whose mother tongue is not English across the country with free or minimal effort representation in question with the IRS. During 2014, LITCs provided [...]

  WASHINGTON ― Deadline for paying taxes with next Tuesday is approaching fast for agriculturists and fishermen. The Internal Revenue Service is reminding these and other individual filers that the new IRS Direct Pay apparatus offers citizens the speediest and most effortless approach to pay the expenses they owe. Accessible at IRS.gov/direct pay, this free [...]

  This year, there are many federal income tax credits that can aid in the reduction of your tax burden; in that case, Tax credit decreases the total amount of your tax payments. Learn about the tax credits before April 18th and save thousands of dollar on your tax return.   Tax Credit for Families [...]

The majority of taxpayers believe that the US tax system needs further renovation. Year after year each American is feeling frustrated due to the tax complexities. It can be seen how the Presidential Candidate Ted Cruz started unrest when he mentioned the point regarding the 'Tax code'. He mentioned the fact that instead of the [...]

  The tax day is not so far and it is advised that taxpayers know the tax changes this year from the core before it gets late. Here are the most important Tax Changes that have or will be taken place this year; Tax Day Deadline The traditional Tax Day is April 15th but this [...]

    All Americans need to be informed about the basics of tax and why they can be examined by the IRS, which happens each year. Here's a guide to understanding tax examination and how to prepare for it; What can make you a Target? The IRS has a division of Global High Wealth Taxpayers [...]

A federal Tax lien is the claim made by the government against the taxpayer’s property when he/she fails to pay the total amount of tax debt. This tax lien is a protection for government in all the property you own. This property can be real estate, personal residences or any kind of financial assets. The [...]