by Harry | Nov 18, 2018 | Tax Tips & Tricks
The IRS requires you to report your foreign financial account(s) yearly to the Department of Treasury once it has exceeded certain thresholds. Included in the list of accounts to be reported are brokerage, mutual fund, and bank accounts. This can be filed...
by Harry | Nov 13, 2018 | IRS Info
When you owe the Internal Revenue Service (IRS), you usually owe more than just taxes. On top of your tax bill, there may be additional IRS charges, interest, and penalties. It is imperative that you get into a payment agreement with the IRS. If the balance grows, IRS...
by Harry | Nov 8, 2018 | Tax Resolution Help
Owing the IRS back taxes is an entirely different thing. It is nothing like owing your friends or a bank money. Creditors usually get help from a court whenever they have to garnish your income, for what you owe them. In the case of the IRS, they can levy your wages...
by Harry | Nov 5, 2018 | Tax Tips & Tricks
A tax return is an important document that you file with the IRS every year. You should keep a copy of this form, just in case you will need it for any financial-related matter in the future. Apart from helping you prepare better fro your future tax returns, you can...
by Harry | Oct 30, 2018 | IRS Info
When would a taxpayer receive an IRS notice CP 2000? This type of letter would be received in the following instance: Data reported to the IRS (i.e., 1098’s, 1099s, or W-2s) by third parties such as investment brokers, banks, employers, etc. doesn’t match...
