More Taxpayers Will Owe The IRS In April Because Of Underwithholding, Report Says More Americans will be writing a check because they owe the IRS in April due to their employers are not withholding enough from their paychecks following the new tax law, the Government Accountability Office says in a new report. Based on…

Originally posted 2018-08-02 19:14:48.

  Tips for procrastinating taxpayers filing before the extension deadline October 15, 2018 Haven’t filed your tax return yet? You are not alone. In fact, millions of Americans waited until April 17 to file their taxes this year. It was so bad that the last minute return filers crashed the IRS e-filing system this year, which is…

Originally posted 2018-07-02 01:46:22.

Chapter 7 Bankruptcy The Chapter 7 Bankruptcy liquidation approach converts a debtor’s non-exempt assets to cash distributed in conformity with the Code. An honest debtor is discharged from most of the remaining debts and given a fresh start. Eligible debtors include individuals, partnerships, and corporations. Among others, the following entities are generally not eligible to…

Originally posted 2018-07-31 17:31:28.

  Fringe Benefits or Employee Benefits Employee benefits are generally included in an employee’s gross income (there are some exceptions). The benefits are subject to income tax withholding and employment taxes. Employee benefits include cars and flights on aircraft that the employer provides, free or discounted commercial flights, vacations, discounts on property or services, memberships…

Originally posted 2017-09-28 03:52:07.

    Nobody should expect anyone else to fully understand their tax issues.  After all, not everyone is taught or shown how to manage taxes in general academia (this is typically reserved for higher learning institutions which is a pay-to-play system).  It is easy to see why so many people get into trouble when trying…

Originally posted 2018-06-19 23:23:18.

  When dealing with tax issues, taxpayers can find themselves in a bind when trying to determine the right agency to help resolve the matter.  How do you know who to trust with your case?  Finding the right tax resolution company is important.  You want to work with an Agency that has experience in the…

Originally posted 2018-06-19 23:22:52.

Liability due to back taxes is the number one revenue source for your State as well as for the IRS.  This is how they are able to collect upon your account.  Back taxes are often due to non-filing or under-reporting of income.  One of the ways Alexander Tax Defense can help with protecting you against…

Originally posted 2018-06-19 23:22:27.

Lets talk about your IRS Debt. The amount of  you owe to the IRS (your IRS Debt) is an aggregate assessment of liability the Federal Government claims you owe them for all annual periods.  Based on the total amount of liability assessed, the IRS can attempt to collect the money they claim you owe, known…

Originally posted 2018-06-19 23:22:00.

  Voluntary Proceedings Most bankruptcy petitions are voluntary. Any individual whom is eligible can be a debtor under a chapter.  Said individual may file under it. The debtor does not need to be insolvent, and no minimum debt or number of creditors is required. A voluntary petition results in an automatic order for relief. In…

Originally posted 2018-07-24 20:40:12.

  The U.S. Constitution (Article I) gives Congress the exclusive power to establish “uniform Laws on the subject of Bankruptcies throughout the United States.” The Federal statute is the Bankruptcy Reform Act of 1978. Significant amendments have been made by the Bankruptcy Reform Act of 1994 and the Bankruptcy Abuse Prevention and Consumer Protection Act…

Originally posted 2018-07-24 20:37:57.

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