For many taxpayers, the amount of taxes that you pay can feel like a great mystery—even if you’ve been paying taxes for decades. One year a taxpayer may receive a…
Can the IRS Take Your House or Property if You Owe Back Taxes?
Yes, the IRS can seize personal property, including real estate, if a taxpayer has neglected to pay outstanding taxes. This action, also known as a tax levy, legally permits the…
Can I Still File Taxes If I Owe the IRS?
Since 1995 when Tax Day was moved from March 15th to April 15th, the welcoming of the spring season doubles as a reminder to fulfill your annual tax-filing duties. If…
How Far Back Can You Amend Taxes? (A Guide to Amending Your Taxes)
It’s the scenario that everyone dreads: After months of preparation, you’ve finally finished filing your taxes. You made sure every box was checked and every deduction accounted for. You filed…
Paying Back Taxes: A Guide to Paying Off IRS Debt
When Uncle Sam comes knocking at your door, the last thing you want to do is to let him in. Dealing with taxes can be a major headache, especially if…
What If You Can’t Pay Your Taxes? Here’s What to Know
Paying your taxes is your duty as an American citizen — but, unfortunately, sometimes life can get in the way. If you find yourself unable to afford your taxes, you…
Should You Use a Loan to Pay Taxes? What to Know
Taxes are a fact of life, and filing your taxes in April comes along with it. When many Americans file a return, they may be pleased to find that they’ve…
Can You Get a Tax Refund If You Owe the IRS?
One highlight of tax season is receiving your tax refund. It’s like a present to yourself after having money taken out of your paycheck by Uncle Sam all year long.…