IRS Statute of Limitations: Do Taxes Ever Expire?

Many Americans believe that an IRS debt is a debt for life and that the tax collector can hound them to the grave. Thankfully, that is not the case and there are statutory time limits on the ability of the IRS to examine and collect taxes. Taxes do expire at some point and in some cases IRS does not get the money they were legally entitled to collect.

Basically, IRS has 10 years from the date they send out their first bill to collect the tax. The 10 year rule does not apply to the states. Some, like California have no statute of limitations and the state tax collector can indeed hound you forever. The federal tax collector must get the cash before the clock runs out.

For tax assessments made after November 5, 1990, the IRS cannot collect the tax after 10 years from the date of the original assessment absent special circumstances. Special circumstances that may extend the statute are: a bankruptcy not completed or wherein the tax is not discharged; filing an Offer-in-Compromise; or signing a Form 900 Waiver allowing the United States additional time to collect the tax. Also, it is possible for the government to sue to reduce the tax claim to judgment before the 10 years expires.

If you never file a tax return, there is no statute of limitations on IRS requiring you to file, but as a matter of policy, IRS generally only requires non-filers to file the last 6-7 years. If IRS files for you by doing a Substitute-for-Return (SFR), they have 10 years from the date they file the SFR to collect from you. If a Federal Tax Lien is on file against you, it expires and becomes void if the underlying statute expires.

You can find out when the statute expires on your tax bill by requesting a Record of Accounts (ROA) from IRS for each tax year you owe. If you can't afford to pay the tax, your account might be eligible to be put in a "temporary hardship" status. It may be possible to "ride out" the statute in hardship if you qualify. An impending statute might also be a beneficial factor in an Offer-in-Compromise.

If you have a refund coming to you, you only have 3 years from the due date to collect your refund. If you file 3 or more years after the due date, the refund is lost. In some cases you can peruse a refund beyond the three years. If you full pay the tax, you can file a claim for refund within 2 years of the payment. If your claim relates to a bad debt or worthless security, you have 7 years to make a claim.

The flipside to the 3 year refund rule is that IRS only has 3 years to examine a filed return by audit in most cases. Now, the tax code is complicated and there are exceptions to these rules. If you have committed fraud or tax evasion, there is no statute for audit. There is also a 6 year rule for audit in cases of "substantial omission" of 25% or more in income. But for most folks, the three year statute will apply on audits.

Websites that can help you research these issues are: www.irs.gov, www.naea.org, www.exirsman.com, www.taxattorney.com, and www.etaxes.com. I do not recommend dealing with IRS on your own. You should get help from a tax pro if you have a tax collection or audit issue. Don't hire some company you saw on a TV commercial, hire a flesh and blood person or reputable firm. A good CPA, Enrolled Agent (EA), Accredited Tax Advisor (ATA), or Tax Attorney can be invaluable. If you want to call IRS yourself, they can be reached at 1-800-829-1040.

James Robert Coleman, E.A., A.T.A.
Enrolled Agent & Accredited Tax Advisor
Member: National Association of Enrolled Agents
Former IRS Revenue Officer, GS-11
http://www.exirsman.com

In The News:

List of taxes that every Indian pays: From GST to Income Tax  India TodayHave you ever wondered why India is always leading ahead of other countries in terms of growth? However, we do not see any progress on ground zero.
Want an income tax cut? Read this Budget story of a villager  Economic TimesLike every year, taxpayers will expect a cut in income tax from Finance Minister Arun Jaitley in his Budget 2019-20. A finance minister not providing tax relief is ...
Taxes in Retirement: How All 50 States Tax Retirees  Kiplinger's Personal FinanceWe rated every state plus D.C. based on how retirees are taxed including taxes on Social Security and other retirement income, as well as tax exemptions for ...
Top 5 reasons to file your taxes early  AOLEvery April, many taxpayers wait until the last minute to file their federal income tax returns. Despite this tendency, there are many reasons to file your taxes early ...
One GST, nine taxes  BusinessLineAfter the 32nd meeting of the GST Council, the government will find itself in a uncomfortable position to defend the catch-line “One Nation, One Tax” for GST.
Inland Revenue Board collects record RM137b in taxes  MalaysiakiniThe Inland Revenue Board created history by achieving the highest collection of direct taxes of RM137.035 billion in 2018, Finance Minister Lim Guan Eng ...
Taxes in US Are Low Overall But Not for High Earners  BloombergHigh, progressive income taxes and low consumption taxes add up to a system that generates lots of complaints and not so much revenue.
Income Tax: Definition, Brackets and State-By-State Differences  TheStreetThe taxes on the earnings you made over the year are known as income tax. How is it calculated and how much are federal vs. state income taxes?
Easy ways to do your taxes online  SoftonicWe've got a few discounts to save money and get your numbers right.
The Lesson of Wealthy Americans’ Rich History of Dodging Super High Income Tax Rates  SlateIn order to make high taxes work, the government needs to plug loopholes that let high earners worm their way around them.
China to cut taxes, keep policy flexible to counter slowdown  Economic TimesChina plans to slash taxes, step up spending and provide ample financing to private and small enterprises to help counter the country's worst slowdown since ...
Jared Polis cheers a GOP tax cut plan, and his political allies shudder  The Colorado SunColorado Gov. Jared Polis wants to cut taxes -- like Republicans -- but the move is drawing concern from advocates who believe the state needs to spend the ...
Chilean Citizens Will Begin Paying Cryptocurrency Taxes in 2019  CCNTaxpayers in Chile are reportedly going to have to pay taxes on cryptocurrency earnings this year, as the country's Internal Revenue *Service* (Servicio de ...
Government shutdown 2019: how tax refunds and returns will be affected  VoxThe government shutdown may not stop tax refunds, or tax returns, after all.
Tax Department’s Prosecution Notices Galore  BloombergQuintWith no reprieve in sight from the Indian tax department's recently found aggression on serving prosecution notices, various chartered accountants' associations ...
Section 80C limit: Should you use only life insurance to save taxes?  Moneycontrol.comIt is not mandatory to save tax 'only via' insurance. Combination of other investment products (PPF, ELSS, etc.) will produce better results for you and your ...
Will interim Budget 2019 reduce your tax?  Economic TimesRumours are rife that the government will try to woo the middle class with major tax cuts in its last Budget before the polls.
Keki Mistry calls for lower taxes to end black money  Economic TimesMUMBAI: There is a need to bring down the tax rates from the current high levels as it will help in improving revenue collection and reduce black money ...
Startups may soon get shield against angel tax demons  Economic TimesNEW DELHI: India is likely to soon announce concessions to shield startups from the so-called 'angel tax', including relief from levies on past investments as ...
45 US Economists Call For Ever-Rising Taxes On Carbon Fuel — What Modi Has Been Doing Since 2014  SwarajyaHigher petro-taxes are good not only for the fisc, but the entire renewable energy sector.
Alexandria Ocasio-Cortez Has the Better Tax Argument  The AtlanticA 70 percent marginal rate could help, not hurt, innovation.
Taxman on a refunds spree as income tax returns hit record high in FY19  Economic TimesNEW DELHI: The current fiscal year is likely to be a watershed for income tax compliance and the tax department is returning the favour with quick refunds.
CBDT breather soon on past angel tax demands  Economic TimesNEW DELHI: In what will come as a relief for startups that have already been sent assessment orders and firm tax demands under the so-called 'angel tax,' the ...
Withheld too little tax in 2018? The IRS might give you a pass on penalties  CNBCIf you failed to withhold sufficient taxes from your pay in 2018, the IRS might grant you some forgiveness. The tax agency said on Wednesday it would waive the ...
What to know before you take an advance on your tax refund  CNBCFurloughed workers and consumers worried about shutdown-related refund delays may find it more tempting this year to use so-called refund anticipation loans.
Federal shutdown means tax refunds may be delayed  CNBCAccountants are worrying about the prospect of an extended federal shutdown as tax season approaches. That means there's a possibility that tax refunds may ...
AARP offers free tax preparation services for most taxpayers - Mississippi's Best Community Newspaper | Mississippi's Best Community Newspaper  Natchez DemocratNATCHEZ — Tax season is upon us. If you have not already received a W2 from your employer they have until Jan. 31 to get one to you. Once you have your ...
Easy Income Tax: Direct tax reform remains an unfinished agenda, it must be the next government's priority  Times of IndiaThe Union cabinet sanctioned, on Wednesday, Rs 4242 crore to strengthen and enhance the technology backbone of the income tax department. Once done, it ...
How income tax slabs have changed since Independence - We've come a long way  Economic TimesFrom an eye-watering 97.75 per cent as the highest tax rate and 11 tax slabs, to 30 per cent as the highest rate and three slabs, India and her taxpayers have ...
Here is how to maintain tax discipline in the last quarter of the fiscal  Moneycontrol.comDo timely submit the proof of any tax saving investment you have made or deduction you are eligible to, so that excess deduction of taxes doesn't take place.
The 70 Percent Solution: What Are Taxes For?  BloombergAt the very least, Alexandria Ocasio-Cortez has started a debate over what a better system might look like.
After this year’s tax season, you may prefer death  San Francisco ChronicleEven before the federal government partially shut down, tax season was shaping up to be the most challenging in decades. Most parts of the ground-shifting Tax ...
MNCs in a fix over ‘dual’ tax notices  Economic TimesThe income tax department has a backup plan if things don't go its way when making a demand on companies — a safety net in the form of protective notices.
Alexandria Ocasio-Cortez has a plan to tax the wealthiest Americans 60% to 70%, and it highlights a detail about taxes most people get wrong  Business InsiderAlexandria Ocasio-Cortez's plan to tax the richest Americans offers a prime example of how the progressive tax system works in the US.
Oyo gets income tax notices for inaccurate filing  Economic TimesNEW DELHI: Softbank backed Oyo Hotels & Homes has been sent income tax notices for furnishing inaccurate particulars of income, sources familiar with the ...
The man who came up with Income Tax in India - A controversial move  Economic TimesJames Wilson, the Scotsman who created India's first Budget, introduced the income tax act in 1860. This created a big controversy. Wilson argued since the ...
Alexandria Ocasio-Cortez has kick-started the Democratic tax debate with her 70% marginal rate idea  CNBCAfter three decades with top rates below 40 percent, a big hike from today's 37 percent poses risks politically and perhaps economically.
Here's how the new US tax brackets for 2019 affect every American taxpayer  Business InsiderThe IRS released new tax brackets for 2019 that slightly change the federal tax rate ranges for income earned this year.
How tax brackets actually work  VoxA few weeks ago, we published a quick visual explainer on how tax brackets actually work. It was in reaction to this tweet from Rep. Steve Scalise (R-LA), who ...
All the Tax Credits You Can Take for 2018  LifehackerCan you smell it in the air? It's tax season, and we're all trying to get the biggest refund possible. That means taking advantage of tax deductions and credits to ...
Government hikes sales tax, petrol & diesel price up in Karnataka  Economic TimesBENGALURU: The State Government has increased the rate of sales tax on petrol and diesel to 32% and 21% respectively to protect its revenues from auto fuel ...
White House promises tax refunds will go out, but there's hardly anyone at the IRS to do the work  CNBCA Trump administration official said Monday that federal income tax refunds would indeed go out despite a large part of the government being shut down.
Iowa lawmakers look to fix tax law hurting blood centers  Marshalltown Times RepublicanDES MOINES — When Iowa Republicans approved major tax cuts last spring, they celebrated the legislation as historic and beneficial for Iowans and ...
Taxes, recalls, and the shutdown's slowdowns: What you need to know ahead of the MLK weekend  Yahoo FinanceIn this week's Family First segment, Jeanie Ahn has what you need to know about taxes and auto recalls ahead of the weekend.
N.J. rental tax worries some renters, homeowners  Pocono RecordTRENTON, N.J. (AP) — A new tax in New Jersey on short-term lodging such as Airbnb rentals is rattling some property owners and renters who worry that it ...
The 27 US states where millionaires face the highest taxes  Business InsiderHow much state income tax you owe varies by state. Using the Tax Foundation, we found the states where millionaires face the highest taxes.
ITR tips: 5 mistakes you should avoid while filing income tax returns  India TodayA number of documents are involved in the process individuals often end up making mistakes that can complicate the process further.
Tax Cut Is Better (for Companies) and Worse (for Everyone Else)  BloombergPresident Donald Trump and the Republicans' tax cut is proving to be vastly more generous for corporate America, and vastly more expensive for taxpayers, ...
Record Malaysia Tax Revenue to Ease Pressure on Budget Deficit  BloombergMalaysia's intake of direct taxes rose to a record last year, easing pressure on a budget deficit that's expected to mark a five-year high. The government boosted ...
80C: Tax hacks at 11th hour  LivemintConsider equity linked savings schemes for 80C; if you want to be in a fixed income product, opt for PPF. While deciding, make sure to look at liquidity, cost and ...
Taxman issues prosecution notices to MNCs to meet steep revenue targets  Economic TimesTax officials have issued prosecution notices to directors of several multinationals, intensifying their pursuit of collections with a view to meeting steep revenue ...
Budget 2019: Why there is a strong case to lower income tax rates in India  The Financial ExpressOn a practical basis, there are many reasons why there should be further easing of both the income tax rates as well as the exemption limits.
SA expat tax law: How to avoid SARS clamp-down on expat income  Fin24An amendment to SA expatriate tax law is set to come into effect in 2020, and to avoid criminal prosecution, South Africans working abroad can opt for "financial ...
Tax Deductions That Went Away This Year  InvestopediaHere are the tax deductions that went away with tax reform.
Budget in a minute: Types of taxes that earn government revenue  Moneycontrol.comThe government's primary sources of revenue are direct and indirect taxes. In the run-up to Budget 2019, Gaurav Choudhury, Deputy Executive Editor at ...
New Evidence Emerges Proving That Yoshi Doesn't Pay His Taxes  Comicbook.comalways is changing colors.The evidence was first unearthed by Twitter user Supper Mario Broth, who shared the discovery via Twitter this week:There exists one ...
The Democrats’ Latest Idea on Taxes Will Only Help Trump  BloombergA top marginal income tax rate of 70 percent is bad economics and even worse politics.
Interim Budget: Will Arun Jaitley tinker with income tax slabs?  Economic TimesWill interim budget 2019 increase the tax-exemption limit? This is the question on many taxpayers' minds. If rumours are to be believed, the interim budget could ...
Budget 2019 must focus on diversifying sources of govt revenue; over-reliance on taxes is axing benefits...  FirstpostIn the run-up to the Union Budget 2019-20, the focus of public opinion makers will once again be on deliberating the Central Government's fiscal health.
Angel tax continues to haunt startups  Economic TimesMUMBAI/AHMEDABAD: The ghost of angel tax may continue to haunt startups for some time despite New Delhi's assurances against potential coercive ...
Car tax changes 2019 - How you could soon be forced to pay significantly more each year  ExpressCAR tax is rising in the UK again for the third significant year. Here's how much more you'll face paying.
Get income tax refund in one day from 2020  Times NowOnce the new system gets in place, taxpayers will get a pre-filled form in their income tax account with their name, PAN and other details.
Quick Refunds to Pre-Filled Forms: 2020 Tax Payers Look Out  The Better IndiaIn 2020, the goverment with the help fo tech giant Infosys plans to bring about a series of changes in the manner in which Income Tax returns are filed.
Should Utah taxpayers get a sales tax or income tax cut? Governor and legislative leaders don't agree  KSL.comGov. Gary Herbert and GOP legislative leaders see eye to eye about broadening Utah's sales tax base to include some still-to-be specified services \u2014 but ...
Google shifted $23bn to tax haven Bermuda in 2017, filing shows  The GuardianFirm used Dutch shell company in move known as 'double Irish, Dutch sandwich' that cuts its foreign tax bill.
Cryptocurrency and Taxes: How to Use 2018's Losses to Your Advantage  Bitcoin NewsTaxes have been a hot topic in the cryptocurrency world this year. Many countries have been trying to figure out how to tax crypto assets, while traders.
Market Movers: Angel tax relief, MNCs have a tax pain & May wins trust vote  Economic TimesHeres a lowdown on top macro triggers that may move market on January 17, 2019.
70% Tax Rate? Another Awful Idea From Congress' Socialist Caucus  Investor's Business Daily70% Tax Rate: A new poll shows that most Americans support the idea of raising the marginal tax rate to 70% or higher on the very highest incomes. It shouldn't ...
Brokerages set up shop in Daman to avail tax exemption  Economic TimesMumbai: The Union Territory of Daman and Diu is emerging as a hub for Indian brokerages thanks to a favourable tax law. The region with less than three lakh ...
IRS to waive under-withholding penalties for some taxpayers after Trump tax changes  USA TODAYThe Internal Revenue *Service* will waive penalties against taxpayers who withheld too little of their pay for taxes last year.
IT, ITeS cos may get to claim input tax credit for services delivered overseas  Economic Times*Service* providers will get relief even if the contract is part delivered by group entity outside of India.
Year 2018 in review: LTCG, changes in direct taxes and a late NPS bonanza  Moneycontrol.comThe standard deduction of Rs.40000 meant that a pensioner who is at the highest tax bracket of 30% would save Rs.12000 of taxes.
Draft PMC budget proposes 12% hike in property tax  Times of IndiaPUNE: Municipal commissioner Saurabh Rao proposed a 12% increase in the collective property tax in the Rs 6085 crore draft civic budget for 2019-20, .
What these 2 political insiders say about Gov. Murphy, business taxes, and Chris Christie's racist ally  NJ.comCan Americans still have a sensible and friendly political discussion across the partisan divide? The answer is yes, and we intend to prove it. Julie Roginsky, a ...
County fears loss of tax revenue if Los Alamos lab gets nonprofit status  Santa Fe New MexicanLos Alamos County officials are concerned that a stream of gross receipts tax revenues from Los Alamos National Laboratory — tens of millions of dollars a year ...
Incentivise, not tax, angel investors: Amitabh Kant  Economic TimesThe government needs to incentivise angel investors eyeing startups and not tax them to give a boost to Prime Minister Narendra Modi's flagship Startup India ...
Haradinaj gets no guarantees, won't revoke taxes - reports  B92Although the main reason for the visit of the EU official, in charge of enlargement negotiations and neighborhood policy, was the abolition of Pristina's trade ...
Income Tax return processing time to reduce from 63 days to just 1 day  Business StandardThe Union Cabinet on Wednesday approved an integrated income-tax e-filing and centralised processing centre (CPC) portal, which will reduce the return ...
Tax cuts begin in 12 days as power bill refund starts  Daily NationManufacturers are set to start paying reduced corporate taxes from February when the law that allows them to deduct 30 per cent of their electricity bill from ...
King County property tax bills are coming, and the housing market slowdown won’t lower your bill  The Seattle TimesThe single biggest reason your property taxes go up is because of voters and politicians raising rates — not because home values have skyrocketed in recent ...
India exempts rupee payments for Iran oil from hefty taxes  Economic TimesThe finance ministry has exempted rupee payments made to the National Iranian Oil Co. for crude oil imports from a steep withholding tax, according to a ...
Thousands of taxpayers get notices for minor defaults  Times of IndiaIndia News: If there is a 'reasonable cause,' say, for failure to deposit TDS, Section 278AA of the Act provides punishment shall not be imposed. Although the ter.
ELSS funds are giving negative returns. Should you use them to save taxes this year?  Economic TimesMany mutual fund investors are worried about the performance of Equity Linked Saving Schemes or tax saving mutual fund schemes in the last year.
The Hidden Tax on Middle-Class Vacations  BloombergMassachusetts is the latest state to make it difficult for people who rent and lease summer cottages.
Saving income tax: 'Focus on choosing the right product; NPS a good long-term bet'  Moneycontrol.comNPS is a great long-term product that offers lots of flexibility to invest in multiple assets, with low charges.
Way to go: Reduction in tax rates of goods and services by GST Council is a welcome step  Times of IndiaThe GST Council, a constitutional body made up of finance ministers of states and Centre, reduced taxes on almost 30 goods and services last Saturday.
Are ULIPs a better bet for investment this tax season?  The Financial ExpressIt is important to choose and invest in an option which is well-thought and planned so that you could also attain your investment goals along with tax savings.
Governor Baker seeks big real estate sales tax hike to fund climate programs  The Boston GlobeGovernor Charlie Baker, a Republican who once campaigned against raising taxes, unveiled a proposal Friday to hike the tax on Massachusetts real estate ...
Proposed bill would increase cigarette taxes to raise SC teachers' pay  WMBFCHARLESTON, SC (WCSC) - South Carolina lawmakers have introduced a bill that would increases taxes on cigarettes to help increase pay raises for public ...
Angel Tax: Government, Babus Not In Sync With India's Start-Up Story, Says R Chandrashekhar  NDTV NewsThe country's tax laws have some of the biggest names in its tech start-ups worried. Rajan Anandan of Google, along with ten other signatories including ...
Cristiano Ronaldo will likely avoid jail in guilty plea for tax evasion  New York Post Soccer star Cristiano Ronaldo is expected to plead guilty to four counts of tax evasion on Tuesday in Madrid but likely will avoid jail.
Raimondo's Budget: Taxes and Fees on Netflix, Beachgoers and Marijuana, Spending Jumps to $9.9B  GoLocalProvGovernor Gina Raimondo unveiled a controversial budget that proposes increasing state spending by more than $300 million in the next fiscal year -- and slaps ...
Middle class got ₹2 lakh-crore tax rebate annually during Modi regime, says Jaitley  BusinessLineFinance Minister Arun Jaitley on Friday said the government has given ₹2 lakh-crore tax benefit annually to the middle class without a single tax being raised.
Income tax changes in 2018: Key things to know  LivemintMumbai: Are you in the highest tax bracket? Well, 2018 wasn't that good a year for you. “How taxes have fared for citizens this year depends a lot on their ...
Ficci for cut in corporate tax rate in Budget  Economic TimesNew Delhi: Industry chamber Ficci Sunday recommended the government to cut corporate tax rate across the board to 25 per cent irrespective of turnover in the ...
Lifeline, Inc. providing free tax preparation assistance in Lake County  News-Herald.comFor the 10th consecutive year, free tax preparation help is available to low-income families and individuals in Lake County through Lifeline, Inc.
Overstock to Pay State Tax in Bitcoin, First U.S. Company to Do So  FortuneOnline retailer Overstock announced it would pay a part of its Ohio state business tax using the famous digital currency.
Economists Don’t Know What the Top Tax Rate Should Be  BloombergBeware, Alexandria Ocasio-Cortez: Excessively high levies are just punitive and don't maximize revenue.
House Democrats have a good shot at getting Trump's tax returns in the next Congress, but his administration could fight back  CNBCA decades-old law could soon give Democrats their best shot yet at retrieving President Donald Trump's tax returns from the Internal Revenue *Service*.
Do I Have to Put Social Security on My Tax Return?  Motley FoolTax season is about to start, and many taxpayers hope that new tax reform laws will help them pay less in tax this year than in the past. In particular, retirees who ...

About Income Taxes; Tidbits

1812The first attempt to impose an income tax on America... Read More

Insider Guides to IRS Audits!

Ever wish that, as a business owner, you knew exactly... Read More

Some Folks Pay A Lot Less Tax Than Others On Very Same Income?Did You Pay Too Much Tax In 2004?

Someone once remarked, "Next to being shot at and missed,... Read More

Uncle Sam is Ready...Are You? Organizing Tips for Tax Time

Anyone who is closely related to an accountant knows that... Read More

State Tax Information

All states also have their own tax system. Typically there... Read More

Corporations Failing To Claim AMT Exemption Overpay Taxes By $11,000

Does your incorporated business pay alternative minimum tax ["AMT]? If... Read More

The Seven Deadly Tax Sins: Commonly Missed Deductions

It's that time again, the April 15 tax deadline is... Read More

Tax Tips for Home-Based Business Owners

As tax time approaches, many home-based business owners begin completing... Read More

History Of The Federal Income Tax

The powers of Congress, and the limitations set upon those... Read More

Home Based Business Tax Deductions

Running a home based business reaps many wonderful tax deductions... Read More

10 Tax Tips to Reduce Costs and Increase Income

No one likes paying tax. Everyone understands that tax is... Read More

How to Check the Status of Your Tax Refund Online

So, you were pleasantly surprised to learn that you are... Read More

Understanding Basic Tax Terms

If your like many, you don't always understand what people... Read More

Euro Tax Haven Threat

Media reporting of a new EU savings tax directive has... Read More

Tax Tips - Which Tax Form Is Right For Me?

IRS Tax forms can be confusing.Am I a 1099 or... Read More

Slash Tax when Buying a Business

When buying a business, how the "purchase price" is made... Read More

Tax Trap #1 -- Waiting to Incorporate: What A Difference A Date Can Make

NOTE: This is the first in a series of 5... Read More

Tax Reduction Tips

In the rush to get tax returns prepared and filed... Read More

Are You Overpaying Taxes If You Use Tax Preparation Software?

For many business owners the answer to this quandary is... Read More

Know A Tax Cheat? Get Paid To Tell The IRS

According to the IRS, taxpayers underpay their taxes by some... Read More

Tax Deduction for Alimony Payments? - Yes!

Over 50% of marriages end in divorce in the United... Read More

Tax Trap #3 -- IRS Penalties, Interest and Love Letters

As a small business owner or self-employed person, one of... Read More

Small Business Tax Credit - Americans with Disabilities Act

Many small businesses complain when confronted with the expense of... Read More

What is a Federal Tax Lien?

A Federal Tax Lien (FTL) is a legal instrument that... Read More

What You Need To Know About Taxes If You?re Getting Married

It may not be high on the list of wedding... Read More