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IRS News

Taxes and Passport Revocation

Did you know that not paying your taxes on time has serious ramifications, not only financially, but also personally? If you have a seriously delinquent tax debt, the Internal Revenue Service can certify that debt to the State Department in order for them to take action. In...

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Benefits of Filing Your Taxes on Time

All other things in life may not be sure, but there is one thing that you cannot change or run away from which is death and taxes. Procrastination will only put you in more trouble, you need to do the necessary whenever the time comes to prevent dancing to the music of the law....

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Why You Should Pay Your Taxes on Time

If уоu оwе mоnеу tо thе IRS thаt уоu саn't рау, уоu'rе рrоbаblу рrеttу nеrvоuѕ wіth thе tаx dеаdlіnе аррrоасhіng. Whіlе уоu mау bе tеmрtеd tо ѕkір fіlіng уоur tаxеѕ аnd hоре thе IRS dоеѕn't nоtісе уоu оwе money, thаt'ѕ a rеаllу bаd іdеа. Not оnlу wіll thе IRS lіkеlу fіnе уоu,...

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Tax Reform and Your Business

Tax Reform and Your Business

The first few months of the year are typically a great time to gather financial documents and receipts to prepare for the impending tax season and the year ahead. This year, the Tax Cuts and Jobs Act (TCJA) that passed in late December, has business owners caught off guard. It...

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Increased IRS Installment Fees

The IRS has dramatically increased the fees on installment agreements. Effective January 1st, 2017, the fees for regular installment agreements have gone from $107 tp $225 and the fees for Direct Debit installment agreements has gone from $52 to $107. The fees for direct debit...

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