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| Articles by Dori Faxton |
1. Simple and Effective Tax Reduction Tips
August 28, 2011
About one percent of taxpayers receive an IRS audit notice in the mail each year. Most of these missives are little more than requests for additional information. Perhaps you made a math error or failed to include your social security number or to sign your return. But other notices are more accusat...
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2. Where to go for IRS Audit Help?
August 25, 2011
The Internal Revenue Service (IRS) is on the prowl. With the economy in the dumps, they have been ordered to increase tax revenues. How do we know this? Because the infamous federal agency has suddenly and dramatically increased the number of tax returns it examines each year. Financial audits jumpe...
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3. Tax Reduction Advice from the Experts
August 25, 2011
American economists generally agree that the latest recession was the worst financial downturn since the Great Depression. Millions of jobs, homes, and fortunes were lost in a little over a year and half. The US emerged from this economic crisis in June of 2009, and most of the experts predicted a s...
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4. Important Tax Dates in America
August 22, 2011
It is more popular than Saint Patrick’s Day, Columbus Day, and Veteran’s Day, and yet it is does not appear on any calendar printed in the United States. More than one hundred and forty million Americans observe this date by sending letters, either electronic or paper. No, it is not Mother’s Day. G...
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5. What You Need to Know About the IRS Levy Process
August 10, 2011
When a taxpayer is substantially and protractedly in arrears to the IRS, the agency may place a tax levy on his personal possessions. A tax levy is often confused with a tax lien, which is really nothing more than claim that is used as security for a debt. But a tax levy is when property is actually...
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6. What to Do About IRS Back Taxes
July 21, 2011
Because tax debt is so common in America, people have a tendency to put it off. They pay their mortgages and credit card bills religiously, but the letters from the IRS go into the drawer, often unopened. Then one day a dour man in a dark suit knocks on your door and tells you that you owe tens of t...
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7. How Tax Professionals Can Help
July 19, 2011
Twenty million Americans owe back taxes to the IRS. These debts range from minor to monstrous. But no matter how much they owe, most tax debtors worry about dealing with the IRS on their own. The world’s most feared federal agency has a history of harassment and intimidation. Their employees are so...
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8. What to do if you receive an IRS Notice of Levy
July 17, 2011
There are several scary missives people dread seeing when they open up their mailboxes. An overdue notice, a summons for jury duty, or a traffic ticket are all unpleasant discoveries. But none of them can compare with an IRS Notice of Levy.
An IRS Notice of Levy is the single most frighten...
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9. What is an IRS Offer in Compromise?
July 14, 2011
When a taxpayer cannot afford to pay his tax debt, the Internal Revenue Service (IRS) may grant him an offer in compromise (OIC) if he qualifies. This agreement lets the taxpayer settle his debt for less than he actually owes. They are, however, extremely difficult to obtain, especially in the wake...
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10. IRS Help for Average Americans
July 14, 2011
Owing money to Uncle Sam is as American as apple pie. According to recent estimates, as many as twenty million Americans owe some form of back taxes. The federal agency whose job it is to collect taxes is the Internal Revenue Service (IRS). In addition to collecting around two trillion dollars in ...
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Author: Dori Faxton
