While the IRS will never win a popularity contest, failing to obey tax laws or submitting a tax return with mistakes can subject you to penalties and fines. Use this penalty checklist as a guide to prepare accurate and timely tax returns. Tax Mistake...

When you owe money to the IRS, you may have an IRS revenue officer (RO) assigned to your case. Your case will first be assessed by an IRS revenue agent and then escalated to a revenue officer if it is felt your case requires further attention. IRS re...

At the end of October, 20 arrests were made in connection to a lengthy IRS impersonation scam. It involved persons in 8 states in the U.S., as well as some in India, where the head conspirators resided. Fortunately, these scammers have been rightfull...

Many small business owners make careless mistakes when filing their taxes – are you one of them? Instead of throwing your profit to penalties and skipping out on savings, adopt these strategies to save money better spent on helping your busines...

The squeeze you feel on your wallet might tighten if you’re suddenly hit with a tax bill. Simply put, there are those who are unable to pay. Fortunately, you have a few options. Read below to find the best for your financial situation. If you’...

Your 9 to 5 job may cease, but dealing with the tax man does not. Hopefully you’ve long contributed to an IRA or 401k, and have a finance plan for the remainder of your life. As you prepare for your time as a retiree, take in these tax tips for ret...

If you’ve reached the point in back tax liability where your assets are at risk, you will likely deal with a Revenue Officer (RO), the most senior collection agent of the IRS and an individual notoriously difficult to deal with. The IRS appoints an...

It’s your worst nightmare. There’s a knock on your door, you answer, and it’s an IRS revenue officer standing at your doorstep asking for a moment of your time. Getting audited is no laughing matter. If the IRS really wants, it can ...