News

Federal agents have temporarily closed Calmes Motorsport, which is under investigation by the Internal Revenue Service Criminal Investigations Division, an agency spokeswoman said Wednesday.

Did you know that you have the power as an individual taxpayer to appeal almost any decision made by the IRS?

An analysis conducted by TaxLifeBoat found that New York City was the United State's leading area to receive federal tax liens.

The results of research done annually by the IRS indicates that the time, effort and money required by taxpayers to comply with individual tax preparation requirements averages $258.00 per year.

According to the IRS, around 99% of taxpayers pay their taxes.

Can you guess what has become the drastic "collection method of choice" for the IRS in recent years? Is it garnishments, liens or seizures?

On July 1, 2010, in Indianapolis, Ind., David W. Pittman, of Greenwood, was sentenced to 12 months in prison, 18 months' home detention and two years of supervised release following his plea of guilty to income tax evasion.

If you're ever involved in a criminal trial with the IRS, your accountant may be forced to testify against you. Only with an attorney do you have "Attorney-Client Privilege".

Here's a listing of commonly-held beliefs about what the IRS can and cannot do regarding collecting taxes.

I find that most people who don't deal with their IRS problems until something ugly happens (like tax liens, seizure of property, bank accounts and other devastating IRS extreme measures) have one thing in common...