Wednesday 22nd of November 2017 6:32:03 PM

Posts Tagged ‘back taxes’

  • Build a better Nation, Pay your taxes regularly

    Thursday 16th of October 2014 9:17:59 AM


    Paying taxes is an obligation that every individual with a sound mind will do regularly and would rather do it timely rather than risk of having to owe the IRS of back taxes. Yes, taxes are a burdensome obligation, and you have paid it ever since you can remember either voluntarily or not. The taxes you pay go a long way into the nation’s treasury and you may not realize it but it comes back to you making your life as a citizen easier. This may not look that way but indeed, tax money is keeping this very nation alive and on its feet since the day it has been founded.

    While the founding fathers of this nation may have founded it with blood and a constitution but for every nation or form of government it can clearly be said that the true foundation a nation has is its taxes. The taxes that the citizens pay and sometimes owe the IRS is what constitute the life force of the nation and without it, the nation would slowly and violently die a natural death. No person on their right mind would want for this to happen, that is the reason why every nation loving citizen would feel it as exercising their right and responsibility rather than an obligation when they pay their taxes.

    The IRS or the Internal Revenue Service is the main agency which is task to carry out the responsibility of the collection of taxes. Not only is the IRS task of collection of taxes but also the enforcement of every tax laws and regulations there is, which oftentimes make it unpopular with the citizens of the nation.

    Tax collection is not an easy job to do, as what has been said earlier it is a very unpopular job to do, but to keep the nation functional it has to be done. Though many would find it a necessary obligation and patriotic when paying taxes, there are still people who find either voluntarily or otherwise owe the IRS back taxes.

    Even if the deliberate act of not paying taxes or tax evasion is considered unlawful, still there are ways and means which are being followed in order to resolve such acts without having to get to court. These regulations which allow you to resolve the back taxes you owe the IRS are there to make tax payment friendly, agreeable and also the tax collection efficient.

    No matter how organized a citizen, a corporation or a group is it cannot be denied that there will come a time when it will experience financial instability and challenges which will result into the non-payment of taxes. Back taxes are the taxes a person or corporation owe the IRS, this become so when a failure of tax payment has been done from a previous year or number of years. If deliberately done and no act of resolution is being made then it might become a case of tax evasion which is a very serious crime or case anywhere in the world.

    It would be safe to say that not all of us are financially fortunate as those who belong to the top 100 of wall street, that is why many if not most of us are struggling hard to make ends meet and oftentimes than not we need to cut back on payments to meet our needs, and the usual option is not paying certain taxes. These unpaid taxes will become back taxes that we owe the IRS. We wouldn’t want that to happen but oftentimes we ran out of options and choices and so these things happen.

    When being confronted with back taxes, income taxes, and all the other taxes we owe the IRS we often thought of ways to cut back on it. Well the IRS and tax laws understand the hardships of every taxpayer who want to commit in paying and resolving their taxes. Tax amnesties are available for those who are delinquents in paying their taxes which is a very helpful opportunity to every citizen who can avail of them. This is not the only opportunity to alleviate you of your tax problems, tax payers can also avail of tax relief to pay for your delinquent or taxes you owe the IRS. With tax reliefs certain percentage are taken off your taxes payable, the amount of percentage will also depend on the criteria and the class that a tax payer will fall unto.

    What a taxpayer owe the IRS he or she owes every citizen of the nation, because these taxes is what funds the services of the government. Not paying the taxpayer’s due to the IRS is like becoming a cancer that will slowly eat up the bulk of the government or nation. A sound person would not want to do that, which is why they pay their taxes on time if they can and pay their back taxes as soon as they are able to.

    If a taxpayer, owe the IRS and deliberately would not pay it he or she is committing a serious offense to the government and will be prosecuted to the full arm of the law. A serious offense such as this can lead to imprisonment or a much higher fine which could make matters much worse than it should really is.

    Taxes are the life source of this nation and we should really take care of this life source in order to keep this nation functioning at its best. The taxes we pay and owe the IRS are very essential to help the government give us protection, build better roads and bridges, schools, hospitals and also provide social welfare and social security. With all these in mind we should make sure that we pay our taxes regularly and resolve our back taxes that we owe the IRS. Paying our taxes makes us a better citizens, help build our nation into a much stronger and better nation for its citizenry and for the future generation that will follow.

  • The IRS Sent me a Notice

    Friday 02nd of August 2013 4:07:14 PM


    Has the IRS sent you a notice and you are not sure why? Well, the IRS urges that if they have sent you a notice, rather than call the IRS you can refer to this IRS page  for the reason of the notice!

    It can be as simple as “We’re reviewing your tax return” or “We are examining your return and we need documentation.”  If you pay attention, there is a code on your letter.  Match that code with the ones found on that IRS page from earlier to find the reason for your notice.

    You can read more about this here.

  • Real Housewives of Tax Evasion

    Tuesday 30th of July 2013 12:21:16 PM


    Seems as though celebrities can’t keep themselves away from the spotlight even if it means being indicted on 39 counts of fraud and tax evasion.

    This morning in New Jersey, ‘Real Housewives of New Jersy’ stars Teresa and Joe Giudice were set free on a combined $1Million bond after Judge Cathy Waldor indicted them on fraud charges.

    Neither Joe or Teresa are allowed to leave the country or even travel past New York and New Jersey. To ensure this Judge Cathy Waldor ordered them to give up their passports!

    Forty-one year old Teresa her 43-year-old husband are accused falsifying their income in order to obtain several loans. This occurred prior to the reality TV show in 2009.  They also falsified financial records when filing a bankruptcy.

    To read more about this story see

  • Payroll Companies Busted!

    Wednesday 17th of July 2013 11:48:28 AM


    Most US employers subcontract payroll and associated tax responsibilities to intermediary payers such as payroll service suppliers.  If the company that is being outsourced is trustworthy they can help employers tremendously by collecting and consigning payroll taxes (on behalf of the employer) in a judicious manner.

    Most of these third-party payroll companies generally provide good and on time service however, lately there has been a number of these payroll companies that have been prosecuted for pilfering the funds planned to pay payroll taxes.

    If you are concerned about protecting you and your business against crimes like this you may visit the IRS website for more information. You can also see a list of successfully prosecuted payroll companies here.

  • Tips for Common Tax Issues

    Monday 08th of July 2013 3:29:18 PM

    • Did you miss the April 15 deadline to turn in your taxes?  The IRS has all kinds of tips in the event that this occurs, you can read more HERE.
    • If you are looking for Summer Tax Tips you can visit the IRS website or click here.
    • Do you feel like you are victim of identity theft?  The IRS can help you here
    • If you need help filing your US taxes while traveling abroad please click here.
    • Forgot your Electronic Filing Pin? Get help here.

  • IRS Releases a 3-Part Report to Fix Tax Exempt Applications

    Tuesday 25th of June 2013 11:13:52 AM


    In Washington on June 24, 2013-Danny Werfel, Internal Revenue Service Principal Deputy Commissioner, releases a 3-part report describing the actions to fix issues that were discovered throughout the IRS’ review of tax exempt applications.  The report also describes how the applications will be improved and how it will smooth the processes at the IRS.

    Werfel said “It is critical that the IRS takes steps to ensure accountability, address the problems uncovered in recent weeks and improve the operations of the IRS to continue to carry out our critical mission on behalf of the public,” and “We have made a number of changes already, more are in the works and even more will develop as we move forward.”

    To read the full story, please visit the IRS website.


  • Inconsistency within IRS in Closing Delinquent Accounts

    Wednesday 24th of October 2012 6:01:30 PM


    In the report of Treasury Inspector General for Tax Administration (TIGTA), some IRS employees are found not complying properly with the procedures of closing the accounts of delinquent taxpayers including the asking for manager approval.

    TIGTA identified in their audit with the IRS that 136 currently not collectible cases were encoded incorrectly in the database. There are closing codes in the IRS database that did not match with the case documentation.

    IRS said that they will look thoroughly about this matter and will plan for remedial action. They also agreed with the recommendations of the TIGTA. One of the recommendations is to implement security reviews and reports containing an evaluation to the assistor’s use of system command codes.

    source: Treasury Inspector General for Tax Administration


  • You Can Count On TIGTA

    Monday 22nd of October 2012 4:49:37 PM


    Last week, TIGTA announced that the IRS failed to inform an approximately 1.45 million taxpayers that they can qualify for IRS tax relief in particular those who acquired a penalty that is closed to 181 million US dollars. However, wavers for paying tax penalties called First-Time Abate waver can only be obtained by a taxpayer who had demonstrated full compliance in the past 3 years.

    TIGTA and IRS met half way when they agreed with TIGTA’s recommendation of identifying the First-Time Abate waiver as compliance tool so that the taxpayers will be fully aware that there is a relief given by the IRS to those who have good past compliance history.

    Once again TIGTA proved their worth and concern for all US taxpayers. And so when there is a need to know about the IRS latest activities, seek for TIGTA latest information by visiting their official website. You can also go further in your research on today’s important tax news and useful tax tips by visiting this official blog of


  • IRS Tax Problems

    Thursday 01st of December 2011 6:39:22 PM


    Tax Problems?
    Millions of Americans today owe back taxes to the IRS. Unfortunately, when you owe back taxes regardless of the amount, the IRS will eventually put you into collections which starts with letters and leads to wage garnishments, bank levies, liens and so fourth. Once IRS issues get this far, you need help (or if it has not got to this point be proactive and seek help).

    Again from the IRS imposing tax liens to bank levies, wage garnishments to the IRS closing your business (if you are a business owner and / or seizure of your assets. The IRS is powerful at collections and has lot’s of collection tools that in many cases destroy individual, business and family finances. The good news is taxpayers also have a tremendous amount of tax resolution tools should you decide to exercise your rights. With the help of a tax resolution professional, you can keep the devastating effects from the IRS to a minimum and delay processes as needed. Here at 911 Tax Relief we feel it is our job to help you explore your options by listening and understanding your unique tax and current financial situation.

    » Read More

  • The IRS Can Increase Collections By Reducing the Time Between Balance Due Notices

    Tuesday 08th of November 2011 11:32:02 PM


    WASHINGTON — The Internal Revenue Service (IRS) could potentially collect additional revenue each year by reducing the time elapsed between notices it sends to taxpayers who owe taxes, the Treasury Inspector General for Tax Administration (TIGTA) concluded in a report publicly released today.

    The IRS sends a series of balance due notices to taxpayers with unpaid tax liabilities. TIGTA determined that the first notice was the most effective notice by a wide margin because the first notice closed the most cases, collected the most money, and generated the most taxpayer responses.

    » Read More

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