Back in the day, the word “audit” conjured up widespread fear and loathing. With an astonishing 5.6 percent of all Americans receiving that dreaded audit notice from the Internal Revenue Service in 1963, nearly everyone knew someone who had been subjected to a tax audit. The number of IRS audits has declined sharply since then, […]
How to Avoid Tax Fraud During Tax Season
Optima Tax Relief provides assistance to individuals struggling with unmanageable IRS tax burdens. To assess your tax situation and determine if you qualify for tax relief, contact us for a free consultation. Tax Season leaves many taxpayers vulnerable to identity theft and scammers. Scammers can pose as tax preparers and steal your personal information. Protect […]
Would You Cheat on Your Taxes?
Would you cheat on your taxes? If you said “no,” count yourself in the majority of people who wouldn’t commit tax fraud. According to the Taxpayer Attitude Survey, about 87% of American Taxpayers say that it is not acceptible to cheat on taxes, while more than 95% agree that it is every American’s civic duty […]
What is the Minimum Income to File Taxes?
Do I Need to File a Federal Tax Return? More than 43% of Americans don’t have to file a federal tax return. Are you one of them? While the IRS expects to receive more than 150 million tax returns this year, it is estimated that nearly 43% of Americans don’t have to file a federal […]
Your IRS Letter Explained: What to Do
As a taxpayer, one of the most frightening things you could receive in the mail is an IRS letter. Depending on the notice that you receive from the IRS, it can cause anxiety and fear, and you may even feel unsure about what your next move will be or what tax solutions may be available […]
IRS Fresh Start Program: How It Can Help with Your Tax Problems
The Fresh Start Initiative, rolled out and expanded on this year by the Internal Revenue Service (IRS), targets struggling taxpayers. As the name indicates, the initiative’s goal is to give taxpayers a fresh start by means of waived penalties, new installment guidelines and balance compromise. How exactly will Fresh Start affect taxpayers? Here’s a look […]
The post IRS Fresh Start Initiative In a Nutshell appeared first on Debt America.
Tax Liabilities: The Difference Between a Lien, Levy, and Garnishment
The IRS can be problematic to deal with – especially if you don’t have a clue about anything tax-related. For those who owe a liability to the IRS, it is important to understand how the IRS works in addition to any potential action the IRS can take against you. If a tax balance is owed, […]
Tips to Help Understand and Avoid Tax Scams
You’ve just received a notice from the IRS. It indicates that, after multiple attempts to get in touch with you, they are going to levy you. You start to panic; you don’t remember the IRS ever attempting to reach out to you. Maybe you’ve never even owed a tax liability. After calling the number on […]
Tax Season Is Here…And So Are The Scammers
The start of each new year typically brings renewed resolve to get healthy, strengthened desires for personal improvement, and of course, tax season. Tax season can mean different things to a lot of people. Some look forward to a large refund; for others, it’s one more thing to tack onto their to-do list. For the […]
New Consumer Warning Issued by the IRS Talks of Recent Surge in e-mail Schemes for 2016 Tax Season
Tax season is once again in full swing, and while that thought alone can be frightening to some, the renewed threat of scammers that are popping up recently is even more alarming. While tax schemes and phishing attempts have long been an unfortunate risk to citizens trying to do the right thing and stay on […]