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Innocent Spouse – Do You Qualify?

If you’ve been following the last few blogs [Divorce and Taxes] and [Injured Spouse], you know that according to the IRS, there is a difference between claiming to be an ‘Innocent Spouse’ or an ‘Injured Spouse’. In this blog we return to the...

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IRS Injured Spouse – Do You Qualify?

When a divorce enters the tax picture, sometimes things can get ugly. Finances are the last thing that couples generally think about when they get married, but later, especially if things don’t work out between the two, finances and taxes owed...

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Divorce and Taxes – Need Help?

If you’ve been through a divorce, chances are your view of many subjects is less than cheery. But when you add taxes into the equation, things can be especially frustrating. What if you find that you are liable for tax due on a joint return that...

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More about Tax Levies

Let’s hope that you never receive a ‘Notice of Intent to Levy’ from the IRS. Still, it’s a good idea to understand what an IRS Levy is – not only will this give you extra motivation to finish your taxes, but you might glean some valuable tips...

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Tax Deadlines – Check These Dates!

In the last blog we discussed the Extension deadline for people filing their taxes late. Here we fill you in on all the other dates you should be aware of. The Quick List of Deadlines by Category: May through April Deadlines falling on a weekend...

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Tax Lien or Tax Levy – Should I Panic?

What if the dreaded scenario happens? What if you get a piece of mail from the IRS, and it has a scary word written in the communication – something that begins with ‘L’….such as the word ‘Lien’ or ‘Levy’? What happens then? In this blog we’ll be...

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It’s Not Too Late to File an Extension!

OK, so despite your best efforts, you didn’t quite get your taxes done. Well, if you are hesitating as to why you should file your taxes ASAP, read on (plus review our “Tax Preparation Tips”). What’s the big deal? If you owe 2011 taxes, they were...

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IRS Tax Debts – More Options for Settling

What if you are finding that you don’t qualify for the most straightforward options for paying off your tax debt? There are other approaches you can take for resolving your tax liabilities… let’s take a look. Partial Payment Agreements If you...

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9 Rules For Negotiating With The IRS

The notices are piling up, and you’ve reached the place where you’re thinking the un-thinkable: it’s time to negotiate with the IRS. Don’t panic; sit down, take a deep breath, and read on. Whatever you are trying to resolve, the approaches listed...

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Settling IRS Tax Debts – Your Options

As we noted in the previous blog, the IRS has 10 years to collect any tax due. So you’re going to have to deal with this sooner or later, and interest and late payment penalties will continue to accrue while you figure out how you are going to...

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Paying Your Tax Debt: Tax Settlements

So you’ve found out that you owe back taxes – now what? First, sit down and take a deep breath. Next, read on to get an overview of the possible approaches to your situation. Remember, the IRS has 10 years to collect any tax due, so you’re going...

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What does ‘Adjusted Gross Income’ mean?

We pay income tax on our income. Sounds simple, right? But in truth, there is a lot of ‘figuring’ that goes on BEFORE you get to the dollar amount which tells you HOW MUCH income you pay taxes on. It’s a little complicated, but worth all your...

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