Why is it that almost every Tax Representation Firm out there needs you to owe more than $10,000 before they will take your case? The Answer is money, the money they will make off of you. I'm here to tell you, you can handle it all yourself. You he...

Myth Number One: The IRS will Accept Pennies on the Dollar You may have heard the term “Pennies on the Dollar” in reference to settling a tax debt. However, 99 cents is “pennies on the dollar,” and filing an Offer in Compromise is compli...

What Can I Expect in an Audit? In recent years, the focus of the exam division of the IRS has changed. The service used to examine claims to see if they were true or false. For example, if you claimed a charitable contribution, they’d want to ...

Garnishment is a government seizure of a portion of your paycheck for payment of taxes. It’s also a last-resort tactic of the IRS to get its money. When a taxpayer receives a garnishment, it’s very difficult to negotiate with the IRS for several re...

What Happens When Someone Doesn’t File Payroll Taxes? Many small business owners, when cash flow doesn’t cover expenses, find the necessary cash by not sending in payroll taxes. This is a big mistake. When individuals Author: Chris W

Knowledge is Power When you don’t know what your particular tax liability is, you can’t take action, and you can’t resolve the issue. This creates a stressful psychological state of perceived powerlessness. The great news is that you can e...

Often people don’t file a return because they don’t have the money to pay their taxes. Other times they miss filing because of family, health or career stresses. As a result, nothing happens: the IRS doesn’t call, their life stays the same. By the s...

When you face a large tax liability, you can give the IRS an Offer in Compromise, or request a Penalty Abatement. But your best defense is to minimize your tax liability at the front end. “With most of our clients, we can show them tax deductions an...

Paul hadn’t filed a return since 2000. He sells approximately $10,000,000 of food products annually with 15 employees and 20-30 subcontractors. The average individual conducts one transaction with the IRS each year. The average business owner conducts 6...

Tim is a painter. When he started his company, he didn’t have enough money to pay his taxes, so he didn’t file. Tim’s situation is not unique. Many people don’t file because they don’t have the money to pay their taxes, and they think filing ...

No matter how large your tax problems, you can resolve them. The associates at Tax Matters Solutions have helped clients who - Had never kept any financial paperwork: no checks, no receipts, no bills - ...

Whenever we think of Texas vacations, what primarily comes to our mind is the beautiful scenario of Alamo located in San Antonio. During the later part of the sixteenth century, the Spanish explorers crossed the Rio Grande River in order to give formation...

Who hasn’t stop to think about what the local government does with your taxes at the end of the year? After all the “tax brakes” that they get, homeowners still pay a bigger share of the tax bill. When the expenses rise to the point in which they ar...

The Us Government has come up with an idea on how to help reactivate the economy in the near future. With the economy falling due to many different factors such as unemployment, lack of cash flow, deceleration of economic investments etc. the country need...

The United States tax code is constantly being changed and updated by Congress. It is essential to stay informed on these tax changes as they may affect your next income tax return. Foreclosure Relief The federal government finally did something over ...