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7 Exceptions to the IRS Statutes of Limitations Rule That Spell Trouble

7 Exceptions to the IRS Statutes of Limitations Rule That Spell Trouble

by Timothy | Nov 14, 2022 | Back Taxes, Tax Myths, Tax Tips

As a company that helps resolve tax issues for clients, we are frequently asked if there’s a statute of limitations for taxes. Is there a point in time when tax returns are deemed too old to audit and off-limits for the IRS? The short answer? Yes. The long answer?...
How Does the IRS Find Out About Unreported Income

How Does the IRS Find Out About Unreported Income

by Timothy | Nov 11, 2022 | Back Taxes, Tax Myths, Tax Prep, Tax Tips

The IRS collects tax returns from millions of American taxpayers each year. To efficiently determine which tax returns to audit, they use several sophisticated software tools. How the software calculates which tax returns to audit (by using IRS audit red flags) isn’t...
How Does Owing The IRS Affect My Credit Score? The Unfortunate Impact Of Tax Debt

How Does Owing The IRS Affect My Credit Score? The Unfortunate Impact Of Tax Debt

by Timothy | Nov 4, 2022 | Tax Myths, Tax Tips

If you owe back taxes, you may be wondering how owing the IRS will affect your credit score. A credit score is an important factor in your financial health, so this is a beneficial concept to understand. In this article, we’ll cover what a credit score is, tax liens,...
You Must File Multiple Tax Returns if you Worked More than one Job – False

You Must File Multiple Tax Returns if you Worked More than one Job – False

by David | Mar 9, 2021 | Tax Myths, Tax Tips

In most aspects of life, it is widely believed that keeping everything in one place will help keep you organized. All of your recipes should be in one cookbook; all of your child’s toys should be in one toy chest; all of your holiday decorations should be in one box....
Tax Myth: If you don’t work, you don’t have to file tax returns

Tax Myth: If you don’t work, you don’t have to file tax returns

by David | Nov 5, 2020 | Tax Myths

Failing to file your taxes is a crime. Refusal to file your taxes can be a form of tax evasion. Nevertheless, those who do not work may not have to file tax returns. You can choose to forgo filing your tax return if you have little or no income. To be clear, this is...

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  • Our Services
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      • Offer in Compromise
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      • Currently Not Collectible
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      • Tax Levy
      • Tax Liens
      • Wage Garnishments
    • Professional Tax Services
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      • Unfiled Taxes
    • View All Services
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    • COVID Survivor’s $106,058 Tax Debt Settled for Just $100
      Read Story
    • Trustpilot
  • Who We Are
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      Learn more

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      • Received an IRS Audit?
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