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In the United States, rather than having trained professionals do the taxes, the government just asks citizens to do it on their own — regardless of their level of education or understanding of tax laws. Everyone has to file by a certain date with their own paperwork. That goes for everyone from the finance professor […]

When you owe money to the Internal Revenue Service, the worst thing you could do is ignore the bill. When you don’t make the necessary arrangements to settle your debt, the IRS may sell or seize your property. The IRS could take anything from you, like your: Home Wages Retirement accounts Boats Bank accounts Usually, people

Your work was going very well in the first part of the year, so you planned to take your profits and build up. Suddenly, your sales dropped off, and you were left barely scraping by. As tax time came around, you realized that you were self-employed and would need to come up with several more

If you are like most Americans, you want to minimize the amount of taxes you pay and maximize your post-tax income. Knowing the fine line between tax evasion and tax avoidance can help you prevent mistakes that could have financial or criminal consequences. When it comes to the payment of income taxes, the Internal Revenue

Have you been behind on filing taxes with the Internal Revenue Service? If you have been, something you’ll want to do is to file your delinquent tax return. If you don’t file your tax return on time, it is true that the IRS could charge you a fee, which is something you may want to

You had probably never heard of an Offer in Compromise, or OIC, with the Internal Revenue Service until you got behind on your federal taxes. Now, with a tax debt looming over your head and the IRS threatening collection actions that could cripple you financially, you’re desperately seeking some kind of relief. Could an Offer

The information disseminated by governmental agencies tends to change rapidly and sometimes daily. Right now, few things are certain, and many people are just trying to keep up, including many here in Missouri. What everyone knows is that the annual ritual of submitting income tax returns to the IRS is still on the lists of

In the midst of everything else that is currently going on in the country and across the globe, some aspects of life have to go on regardless. For instance, taxpayers here in Missouri and elsewhere have tax returns to attend to. Recently, the Secretary of the Treasury, Steven Mnuchin, announced that taxpayers will receive some relief from

Most Missouri residents will take the opportunity to save money wherever they can, and this usually includes doing what they can to avoid sending a big check to the IRS each year. For this reason, some taxpayers may be glad to hear that they can once again take advantage of some tax breaks that had disappeared prior