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IRS Tax Help Blog

IRS Filing Tax Scams And How To Report Them

These days, it is very easy to get scammed. There are even people who scam others by claiming to work for the Internal Revenue Service. Below are some examples of common IRS scams:

Internal Revenue Service Impersonation Telephone Call

Many people have been targeted by scammers who make sophisticated and aggressive phone calls. These people say that they are employed by the IRS, but they do not work for the company. They use fake IRS identification numbers and names. These people can even change their telephone number in order to make it look like the call is coming from the Internal Revenue Service.

The victims are told that they owe the IRS money, and they have to pay it right away using a wire transfer or debit card. The scammers threaten to arrest or deport people who refuse to cooperate. They also try to get people to give away their private information by promising them a refund.

If someone does not answer the phone, then they will be told that they have to call back urgently. Keep in mind that the Internal Revenue Service will never call you and demand that you immediately make a payment. They will not require you to make a payment without appealing or questing the amount you owe. The Internal Revenue Service will not require you to use a specific method to pay your taxes or ask for your credit or debit card information over the phone. Additionally, the Internal Revenue Service will not call you and threaten to have you arrested.

If you receive a phone call from someone who claims to work for the IRS, then you will need to get the employee's badge number, name and call back number if possible. Call 1-800-366-4484 to determine whether the person is a legitimate IRS employee. Report the incident to... ...read full post

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posted by Mary E. King , in:
Tax Solutions


What Are The Tax Penalties If I Do Not Have Health Insurance?

It is technically titled the Patient Protection and Affordable Care Act, but it is more widely known as Obamacare. As President Barack Obama said when it became law in 2010,"Everybody should have some basic security when it comes to their health care." Since that time, the Act has undergone many changes and much in-house and between-party squabbling. In 2012, the Supreme Court gave its approval for most of the Act's provisions, but 26 states and the National Federation of Independent Business challenged the concept that a person should be required to carry insurance or pay a penalty. According to House leader and Republican John Boehner, the Act would force millions of Americans to leave their private health insurance and into a government-run plan. The House of Representatives approved the Act in late 2009, followed by the Senate in December. The Senate bill was amended and passed by the House in early 2010, with Republicans giving it zero votes.

With the passage of the Act and its assurance of becoming reality, many Americans have many questions about Obamacare, such as: How will the Affordable Health Care Act affect my tax filing and what happens if I don't have insurance?

If you are not covered by health insurance in 2015, meaning that at tax time you don't have minimum essential coverage, you will be charged in one of two ways. In plan one, you will be required to pay 2 percent of your yearly household income, about $10,000 per person. For plan two, you will pay $325 per person ($162.50 per child under age 18) for the year.

The maximum penalty for a family using this plan is $975. If you lacked health care coverage for 2014 when you filed your 2015 tax, you will be required to pay the higher of the two amounts.... ...read full post


IRS Filing Tax Scams And How To Report Them

These days, it is very easy to get scammed. There are even people who scam others by claiming to work for the Internal Revenue Service. Below are some examples of common IRS scams that both IRS and tax payers are having to deal with:

Internal Revenue Service Impersonation Telephone Call

Many people have been targeted by scammers who make sophisticated and aggressive phone calls. These people say that they are employed by the IRS, but they do not work for the company. They use fake IRS identification numbers and names. These people can even change their telephone number in order to make it look like the call is coming from the Internal Revenue Service.

The victims are told that they owe the IRS money, and they have to pay it right away using a wire transfer or debit card. The scammers threaten to arrest or deport people who refuse to cooperate. They also try to get people to give away their private information by promising them a refund.

If someone does not answer the phone, then they will be told that they have to call back urgently. Keep in mind that the Internal Revenue Service will never call you and demand that you immediately make a payment. They will not require you to make a payment without appealing or questing the amount you owe. The Internal Revenue Service will not require you to use a specific method to pay your taxes or ask for your credit or debit card information over the phone. Additionally, the Internal Revenue Service will not call you and threaten to have you arrested.

If you receive a phone call from someone who claims to work for the IRS, then... ...read full post

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posted by Mary E. King , in:
Tax Problems


When You Have Tax Troubles You Need Full Service Representation

Facing the Internal Revenue Service (IRS) over a tax issue can be very upsetting. Tax problems can quickly escalate into large debts and result in tax levies against bank accounts, property or wages. The IRS can be very intimidating and most individuals and businesses that face tax issues often feel that they have no options but to pay the large debts.

Full Service Legal Representation

Hiring a legal representative to help with a tax issue is an option that more people in this position should take. Legal representation can help with the problems and possibly reduce the debt or correct the issue that is in question. However, not all legal representation is the same.

People who are facing a showdown with the IRS need to find legal representation that can do more than push papers around and make unrealistic promises about the issue at hand. They need a law firm that can aggressively represent them and has the ability to represent them in U.S. Tax Court.

Many firms advertise that they can help you solve your tax problems, but they are not qualified to represent you in tax court. And while many issues can be resolved without ever reaching a court room, there are instances where it is necessary to take the case to court. Under these circumstances, you want to make sure that the firm you are currently using has the ability to represent you in court. If they do not, you will have to start the entire process over again with a new firm that can, causing unnecessary delays and costs to you.

Reasonable Solutions To Tax Problems


Working with an experienced tax relief... ...read full post

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posted by Mary E. King , in:
Tax Problems


IRS Levy Help - Stop The IRS From Raiding Your Accounts

If you do not file or pay your taxes, then the Internal Revenue Service has the right to seize your property, including your house, car or boat. They could also play a levy on your bank account and wages. If you have a state tax refund, then the Internal Revenue Service can place a levy on it also. Additionally, if you have a retirement account or rental income, then a levy could be placed on those things.

However, it is important to note that the Internal Revenue Service may release a levy if you are having financial difficulty. You must be able to prove that seizing your property and/or garnishing your wages will make it difficult for you to pay for your basic living expenses.

There are steps that the Internal Revenue Service must take before they place a levy on your property.

They are required by law to send you a notice demanding your payment. They are also required to send you a notice of intent to levy. Additionally, the Internal Revenue Service is required to send you a notice of your right to a hearing.

The final notice has to be sent at least 30 days before the Internal Revenue Service issues the levy. You may receive this notice at your place of business or home. You may also get a letter sent to your last known address.

The good news is that you do not have to deal with an IRS levy on your own. Our attorney can help you manage or reduce your tax debt. The attorney can also help remove IRS levies from your property, wages and bank account. Our attorney is a very honest person and does not make promises that are not realistic or legal. The lawyer is also very experienced and committed to helping... ...read full post


Offer In Compromise - A Process To Settle Back Taxes With The IRS

If you owe money to the Internal Revenue Service (IRS), you know how stressful of a situation it can be. However, you do have options that can help you erase your debt and enjoy a clear conscience, free from the burdens of financial obligation. The IRS may consider working with you to formulate an offer in compromise (OIC), which can reduce your tax bill to a mere percentage of the original amount owed. Although there is no legal obligation for the IRS to accept an OIC to settle a tax bill, they are required to seriously review any properly submitted request. Additionally, if your OIC is not approved, you have the recourse of requesting a hearing with the IRS Appeals Office.

How to Qualify for an OIC

Everyone would like to settle their tax bill for a fraction of what they owe. The IRS does not grant an OIC to anyone wishing to shirk their financial responsibility to Uncle Sam. There are certain circumstances that must be met in order for the IRS to consider granting an OIC.

Doubt of liability is one such condition that may qualify you for an OIC. Essentially, this means that there are genuine factors in existence which cast suspicion upon the validity of the debt in question. If the debt has already been deemed valid in a court of law, or is valid under current tax code, there is no credible doubt of liability to pursue. To reasonably support a claim of doubt, you must submit supporting paperwork and evidence, as well as a written statement providing a concise explanation as to why the debt is invalid.

Another legitimate reason to request an OIC is to prove the existence of extenuating circumstances. If you are able to substantiate the fact that repayment of the debt would create an... ...read full post


IRS Tax Liens And Your Credit Score

Tax Lien Overview

People who are not current with their taxes will often encounter the problem of a tax lien. This process allows the Internal Revenue Service to have access to reclaiming property as the financial obligation is not taken care of promptly and efficiently. All three of the main credit reporting agencies will eventually have access to this information. Once they have access to the information they can place the information on the credit score of the individual who the sanctions has been filed against. This situation can negatively impact a person's ability to apply for loans and in some cases can have a negative impact of employment status of the individual. Settling this issue is as simple as making payments through an arrangement or paying the debt completely.

Impacts Of A Tax Lien

Once a sanction has been brought against a credit report it can be difficult to get is removed. The freighter 14 agencies can hold this problem over the head as an individual who has been affected by this type of legal action. If an individual is not able to handle the situation promptly, the record which affects the credit can be active for seven years. This can negatively impacts the ability of person who has gotten over the financial difficulties in terms of buying future property and getting loans in order to improve the quality of their life. Seeing the removal of this derogatory mark removed will often be difficult however it can be accomplished if a person is persistent. The removal process requires a great amount of legwork in order to be completed.

Settlement Agreement

Making a settlement agreement it's usually the easiest way to take care of this type of legal issue. Often working with a legal representative will to improve the speed with which the process is... ...read full post

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posted by Mary E. King , in:
Tax Lien


Avoid Costly IRS Problems By Working With A Tax Debt Settlement Lawyer

If the IRS has recently contacted you and told you that you owe them money, the last thing that you want to do is ignore them. The IRS has a variety of tools at its disposal to get the money that you owe. However, you can solve your tax issues before they spiral out of control by talking to an experienced tax attorney.

Penalties and Fees Can Accumulate Quickly

The IRS will charge penalties and interest from the day that you file your tax return. Therefore, the IRS could contact you years later about an issue with a tax return and you would still be liable for years worth of penalties. A tax debt settlement attorney may be able to work with the government to have some or all of those extra costs reduced or waived entirely.

Don't Have Property or Bank Account Seized

The government has the right to put a lien on property, seize your bank account or garnish your wages. The good news is that a IRS settlement attorney can help settle a tax dispute and get rid of a lien or wage garnishment in a relatively short period of time. If the government places a lien on your property, it could be reported to credit agencies, which can make it harder to get loans, housing or even a job.

Only Provide What the IRS Wants


When the IRS conducts an audit, it will ask for specific information from a taxpayer. In some cases, the taxpayer may provide additional information that could lead to a more extensive audit. During an audit, a taxpayer may let emotions guide their decision making process. This may only make things worse for a taxpayer and expose him or her to further problems. A tax attorney will act as a rational third-party who knows how to talk... ...read full post

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posted by Mary E. King , in:
Tax Debt


Taxpayers With IRS Tax Liens Should Expect Financial Complications That Only Get Worse With Time

Having an existing tax lien is one of the most distressing situations that a taxpayer can face. A tax lien is a hold on one’s personal property that the I.R.S. places to ensure that it receives a payment that a person owes. The I.R.S may issue a tax lien for a wide variety of reasons. One reason a person may have tax lien against him or her is a failure to file income taxes or pay income taxes. Income taxes for the previous year are supposed to be filed by April 15 of the following year. A taxpayer who misses the deadline and does not request an extension is at risk for a tax lien.

Other Reasons a Tax Lien May Apply

Another reason that a taxpayer may receive a tax lien is if he or she fails to pay property taxes on a home or personal property. Most property taxes are payable once per year, although policies may differ in different states. A tax lien does not necessarily mean that the I.R.S. is going to take possession of the property. However, it may implement a tax levy if the taxpayer does nothing to resolve the situation.

How to Resolve a Tax Issue

A taxpayer has several options when he or she first receives notice of delinquent taxes. The I.R.S. is very good at sending out notices. A tax lien never occurs before a person has had ample time to resolve a tax issue. Therefore, a person should contact the I.R.S. immediately once that person receives a notice. The individual could request a payment plan or a direct debit arrangement in which the I.R.S. takes money from the person’s debit or credit card.... ...read full post


How Should Tax Records Be Kept? The Answers Are Surprising

How long to keep your tax records around is a common question with no simple answer, however to avoid being on the hook for serious tax debts accurate long-term record keeping may be required.

A general guideline is tax records should be kept for a minimum of 3 years if you live in a state that does not have an income tax such as Florida, or four years if your state does have an income tax.

Those dates are posted because the IRS has three years in which they can audit you for a given tax year, and in the case of states that have income taxes, they may share your tax information with the state should the state request them for up to four years.

However there are many situations when having your tax records for much longer is advisable. For example things can get complicated when the IRS is looking at records related to home sales.

Lets say that you have recently sold a home that you purchased back in the 80s.  During an audit the IRS may want to review the original closing statement from the time of purchase, any refinancing closing statements as well as any statements related to remodeling of the home. Photographs of the before and after will also be valuable in this case. The reason for keeping these detail records is, these amounts should be added together then subtracted from the amount you received when you sold the property to figure out any gains made in the sale. Additionally these documents will be the proof needed to support deductions claimed on a return. With out the proof your deductions may be invalid leaving you owing a lot more tax debt.

Another complex situation involving homes is if you have sold your previous home prior to May 7th 1997,... ...read full post

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posted by Mary E. King , in:
Tax Audits






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