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Let’s discuss the most obvious way to get out of IRS Debt. Pay the bill.  Now, before you think I’m just being simplistic, this really is an option that should be discussed.  Before we get into the five other options, it’s important that we ask the simple question. Is there any way that you could […]

Back taxes are simply taxes that you owe that you didn’t pay when they were due.  If you’ve underpaid taxes for any reason, the balance that you owe is considered back tax. You may have failed to report taxable income (intentionally or unintentionally, it doesn’t matter) – as the IRS sees it…you still owe them

Who would have thought that the IRS would make taxes easier? It happened with an additional and simpler option for calculating home office deductions.  The new option goes into effect in the 2013 tax year and is in reference to Form 8829. Previously, home office deductions specified on Form 8829 involved a complicated and, at

Former Businessman Sentenced for Failed Payroll Tax Payments On October 12, 2012, in Boston, Mass., William E. Belleville, of Groton, was sentenced to 18 months in prison, one year of supervised release and ordered to pay $460,000 in restitution for failing to pay payroll taxes collected from his employees.  On April 10, 2012., Belleville pleaded

The Department of Treasury once conducted a study where they had investigators posing as common taxpayers call IRS Taxpayer Assistance Centers for help.  The result?  Auditors were given correct answers only 57% of the time. It’s ridiculous that a taxpayer might not be able to count on getting a right answer from the IRS regarding

The IRS is getting a headache trying to understand and properly enforce tax provisions of the comprehensive health care reform known as Obamacare.  There are several effects of Obamacare.  Obtaining tax credits for health coverage is fraught with complications based on recent income fluctuations and major life events.  The IRS does not treat insurance subsidy

Missouri – Tax Attorney Lance Drury, founder of the Law Office of Lance R. Drury, has been practicing law since 1984 and began representing individuals and businesses in disputes with the Internal Revenue Service in 2006. With offices located in Ste. Genevieve and Columbia, Missouri, Drury has positioned himself as a leading attorney in the state for

Brian Ross exposes Tax Masters fraud on ABC Nightline.

Having IRS tax issues is difficult enough without having to worry about getting the right professional on your side. Here are some important questions you should ask every tax professional you interview. Before you hire anyone, make sure they can answer these to your satisfaction. Q. How many years has the professional been in business? You