Tax Evasion vs Tax Fraud And The Statute Of Limitations
February 25, 2023
Many of us have heard about tax evasion and tax fraud. What do these terms really mean? Is there a difference between tax evasion and tax fraud? In short, the answer is YES. Tax evasion and tax fraud may appear to be problems only faced by master con artists and embezzling white-collar criminals, but that…
Unfiled Tax Returns: What Should You Do?
February 15, 2023
Taxpayers that fail to file their tax return for one or more years can become overwhelmed later on when attempting to file all of their missing tax years all at once. Missing all or a portion of their records, personal hardship and/or neglect are some of many reasons people fall behind in filing their taxes.…
Are You Facing Civil Penalties? We Can Help
February 10, 2023
The IRS uses penalties and interest charges to encourage taxpayers to comply with tax laws. The Internal Revenue Service(IRS) usually will not legally prosecute people who file their taxes late. Instead, they impose consequences by assessing interest and penalties, as well as denying refunds. There are two types of penalties these two types are criminal…
Innocent Spouse Relief: Do You Qualify?
February 8, 2023
Are you looking for help with Innocent Spouse Relief as a result of tax issues that were created by a current or former spouse? You may be able to avoid your tax liability with the IRS if you meet certain criteria. By default, both spouses are considered liable for owed taxes on a joint return.…
What You Need To Know About The Offer In Compromise
February 7, 2023
If you are experiencing tax debt, you are not alone. Tax debt is a common problem for both individuals and businesses. If you have no idea how you are going to pay it off, you are not alone. You may be starting to feel like the IRS is going to come after you any day…
