Did you know that if you file a joint income tax return with your spouse it’s possible to lose your refund? When your spouse has outstanding tax debts prior to your marriage or from filing a separate return during your marriage, the filing of a subsequent joint return places any tax refund in jeopardy.
Do you pay to put your child or children in daycare or some other form of child care so you can work and earn a living for your family? If so, then you might be entitled to a tax credit when filing your tax return.
Employers must withhold payroll taxes from employee paychecks and send the withheld money to the Internal Revenue Service. Every company of all sizes has an obligation to collect and pay payroll taxes, or 941 taxes as they are also called.
When you owe taxes, you are expected to pay. If you don’t pay in full and you do not make some type of payment arrangements with the Internal Revenue Service, they can use aggressive tactics to collect.
The Internal Revenue Service has rolled out a new program, the Early Interaction Initiative, designed to help identify employers who begin to fall behind in making payroll tax deposits and assist them in meeting their payment and reporting responsibilities.
One of the biggest reasons taxpayers seek Boca Raton tax debt relief is because of aggressive debt collection efforts.
In May of 2012, the IRS expanded its Fresh Start Initiative with the goal of making it easier for delinquent taxpayers to reach an Offer in Compromise (OIC) and repay tax debt.
Congress is close to passing a law that would allow the State Department to revoke, deny or limit passports for taxpayers having more than $50,000 in delinquent tax debt, including interest and penalties.