If you intentionally fail to pay taxes or underreport your taxable income, you could be charged with tax evasion. In order to be convicted of tax evasion, the IRS must show that you deliberately tried
Read MoreAnd there are many ways to incur those penalties. Violating federal employment tax rules is very serious business – and not just for employers – employees will suffer as well.Both employers and employees
Read MoreIf you have a tax problem with the IRS, you no doubt have been bombarded with their "love letters", some reminding you to pay your unpaid taxes, some reminding you to file, some requesting information,
Read MoreYes! IRS 1099 Non-Wage Garnishment works similarly to W2 Wage Garnishment but no employer is involved. Because of that, there are some key differences.If you owe taxes to the IRS from a prior tax year,
Read MoreIt’s important to check your federal income tax withholding now to avoid an unexpected tax bill or penalty with next year’s return. The IRS Withholding Calculator can help you conduct a Paycheck Checkup.Basics
Read MoreFor the last two years, the Internal Revenue Service has surveyed taxpayers to find out what makes them comply with their tax obligations. The study – called the “Comprehensive Taxpayer Attitude Survey”
Read MoreThe U.S. Treasury Department is again reducing penalties for taxpayers who didn’t pay enough of their tax bill throughout the year.Taxpayers who paid at least 80 percent of their estimated tax liability
Read MoreIf you work for a living, you know that your wages are taxable, and you’re probably aware that some investment income is taxed, too. But the IRS doesn’t stop there.If you’ve picked up some extra
Read MoreYou are not alone. Running the government is expensive and the number one means for paying its bills and expenses is you - the taxpayer! The government is an equal opportunity debt collector. It doesn’t
Read MoreOver the years, taxpayers have concocted a lot of zany arguments to justify their tax breaks. Here are some of the most creative ones that the courts decided did not quite work. Take note: many of these
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