Archive for the ‘Taxes’ Category
5 Good Reasons to File an Income Tax Extension
August 6th, 2010
With not much time remaining until the April 15 IRS income tax deadline, many Americans are scrambling to finalize their income tax returns. This year, a growing percentage of taxpayers will choose to file an IRS income tax extension, which will postpone their tax deadline to October 15.
If you’re considering filing an income tax extension, you’re not alone. The IRS recently estimated that 10.2 million of the 140 million tax filers will file for a tax extension this year. What’s more, approximately 2 million of those extensions will be electronically filed online.File Later tax extension service – a popular website where taxpayers can file their income tax extension – compiled the following list of reasons why taxpayers should consider joining the growing trend of taxpayers filing a tax ex tension rather than stress about getting their returns completed by April 15.
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8 Athletes that had Problems with IRS Tax Debts
May 19th, 2009
1. Darryl Strawberry
Dodgers star, Darryl Strawberry first got in to trouble with the IRS in 1994 when he was put under investigation for tax fraud. The IRS tacked him with tax evasion, and he had to pay back $350,000 in back taxes, serve 3 years of probation, six years of home confinement, and complete 100 hours of community service.
2. Lawrence Taylor
Former Giants linebacker, Lawrence Taylor filed an incorrect federal income tax return back in 1990. Taylor pleaded guilty to the tax charges in 1997, and was punished with three months house arrest, five years probation and 500 hours of community service for income tax evasion.
IRS Tax Debt and Benefiting From Online Tax Attorney Services
May 19th, 2009
When you feel you need professional help or advice to resolve your IRS tax debt problems, it’s likely your problems have escalated to the point where you can’t deal with them yourself. In case of such a situation, the exact amount owed is not the issue, but your incapability to resolve the situation takes priority, since you in fact have two problems – your outstanding federal dues and your “inability” to solve the problem on your own i.e. how you plan to redeem your government dues. This is when you start thinking seriously about seeking professional help to effectively deal with the situation.
What is an IRS Assessment Letter?
May 19th, 2009
The automated collection process starts with receiving an IRS assessment letter. This happens when the IRS comes to the conclusion that you owe back taxes. Generally speaking, once the IRS realizes that you owe back taxes they will begin to send you IRS notification letters. This is meant to make you aware of the situation while also forcing your hand so that you pay the liability. The first letter is an initial assessment. You will then receive four more letters if you do not take action on solving the problem. After the fifth letter, the IRS will begin to take their own action to ensure that they receive payment.
Top 5 Free Payroll Software
May 19th, 2009
Top 5 Free Payroll Software
Most business owners can keep track of their employee time and pay by using free payroll software. Cuting out additional expenses and providing customizable data fields, this excellent tool even offers support to troubleshoot product use. The Top 5 Free Payroll Softwares are listed below:
#1: NolaPro v4.0.