Category Archives: Taxes

There is nothing more frustrating than dealing with creditors. This is particularly true when the creditor in question is the IRS. In order to get the money that you owe for delinquent taxes, the IRS will garnish wages from you. This means that a specified percentage of your paycheck every week will be going straight to the IRS. For many people in the United States, living paycheck to payche......
Due to plummeting home values and infrequent tax assessments, many home owners across the nation are finding themselves frustrated and annoyed by their property tax bills this year. Though the nation is suffering from a recession, many home owners’ property tax appeals are way up this year; in fact, appeals have been skyrocketing in recent years, since the beginning of the recession. In some......
What Steps Are Taken to Minimize Your Taxes? When most people hear this question, they usually wonder, “Isn’t my tax preparer already doing everything possible to reduce my taxes?” Of course, everyone would like to assume their tax preparers are doing everything possible to legally reduce their taxes, but that is not a safe assumption. Here are just a few things to look for......
Filing taxes is often our biggest dose of reality. This year, it will most likely be a perfect picture of how bad the economy has hit families across Missouri and Illinois. But, this time of year isn’t just a busy time for tax attorneys; it is often a busy time for St. Louis, Missouri and Fairview Heights, Illinois bankruptcy attorneys. Why? Missouri and Illinois Chapter 7 or Chapter 1......
If you are a business owner, you must withhold taxes from every employee’s paychecks each pay period. These taxes are for federal (and possibly state) income tax and FICA contributions (Social Security and Medicare). The amount of income tax withheld is determined by the number of exemptions each individual employee claimed when he/she started working for you. FICA is a percentage of the e......
Every year in the United States, thousands of good, hard-working taxpayers get the shaft. They are late filing their tax returns or have some tragedy that causes them to owe the IRS. Even if your delinquent taxes are your own fault and not due to a major life crisis, you should not have to endure harassment, bank levies or a wage garnishment from the IRS. Sometimes it simply comes down to go......
Tax problems are nothing to take lightly. If you owe the IRS for delinquent taxes, getting those taxes paid back should be a high priority. Of course, there are other things in life that often come first such as family, work and other factors that may keep you from paying the IRS. The bad news is that the IRS really does not care about your other problems. They can and will do everything in ......
IRS tax problems happen to good people all the time. Just because you are having difficulties with the IRS does not make you a bad citizen. It simply means that you have endured hard times and are having problems getting back on your feet. You should understand that thousands of people have problems with the IRS and most of those people are honest, hard-working taxpayers just like yourself. ......
An IRS offer in compromise will allow you to settle your tax debt for a much lower amount than what you currently owe. Of course, you will need to determine first if you qualify for this reduction. Typically those who do qualify settle up with the IRS for the lowest amount that is allowed by law. This could take thousands of dollars off the total that you currently owe. So, how do you find o......
Millions of people will be hit by the tax changes that will be effective from next month (April 2010) but as these reforms were set some time ago many of them will have been forgotten by the ordinary man in the street and that is why they are often referred to as stealth taxes. This has been a feature of Gordon Brown’s Chancellorship from his very first budget in 1997 and is continuing......