Tax News

When Do You Need Tax Lawyer For Tax Relief Services
When Do You Need Tax Lawyer For Tax Relief Services

Tax matters can be incredibly complex and stressful. Whether you’re an individual taxpayer or a business owner, dealing with the IRS (Internal Revenue Service) can be daunting. The IRS has extensive powers to collect taxes owed, and if you find yourself facing tax issues, you…

I Haven’t Filed Taxes in 10 Years. What Do I Do?
I Haven’t Filed Taxes in 10 Years. What Do I Do?

Filing taxes is an essential civic duty that every eligible individual and business owner must fulfill. However, life’s challenges sometimes lead people to neglect this responsibility, leaving them wondering how to rectify the situation when they haven’t filed taxes in 10 years. In this article,…

Letter from IRS: What To Do If You Get One
Letter from IRS: What To Do If You Get One

Receiving a tax notice or letter from the Internal Revenue Service (IRS) can be a nerve-wracking experience for any taxpayer. However, it’s important to remember that not all notices are cause for alarm. The IRS sends out a variety of notices for different reasons, ranging…

What Happens If You Don’t Pay Taxes?
What Happens If You Don’t Pay Taxes?

Taxes are like the fuel that keeps our country running smoothly, supporting everything from schools to roads. But sometimes, life throws us a curveball and makes paying taxes on time a real challenge. If you find yourself in this situation, let’s take a friendly dive…

Everything You Need to Know about a Tax Attorney
Everything You Need to Know about a Tax Attorney

Navigating the intricate world of taxes in the United States can be a daunting task, with its ever-evolving regulations and complex legalities. This is where a tax attorney comes into play – a professional well-versed in tax laws, regulations, and IRS rules. In this article,…

What is IRS Hardship Program?
What is IRS Hardship Program?

Dealing with financial difficulties can be overwhelming, especially when facing outstanding tax debts. However, the Internal Revenue Service (IRS) understands that taxpayers may encounter genuine financial hardships and has established the IRS Hardship Program to provide relief options. In this article, we will explore the…

How to Claim the Employee Retention Tax Credit
How to Claim the Employee Retention Tax Credit

In these challenging economic times, businesses across the nation are seeking ways to retain their valuable employees. The Employee Retention Tax Credit (ERTC) offers a glimmer of hope for companies looking to retain their workforce while receiving valuable tax benefits. In this comprehensive guide, we’ll…

How to File Back Taxes with the IRS: A Step-by-Step Guide
How to File Back Taxes with the IRS: A Step-by-Step Guide

Filing back taxes returns is an essential responsibility for every taxpayer, but sometimes life’s circumstances can get in the way, causing you to fall behind on your tax obligations. If you’ve found yourself in this situation, it’s crucial to address your back tax returns promptly…

What Is Tax Resolution? How to Solve IRS Tax Problems
What Is Tax Resolution? How to Solve IRS Tax Problems

Taxation is an integral part of every citizen’s responsibility, and ensuring compliance with tax laws is crucial. However, individuals and businesses may encounter tax-related challenges that lead to IRS tax problems. These issues can be overwhelming, but with proper tax resolution strategies, it is possible…

Tax Lien: Meaning, How to Resolve With IRS
Tax Lien: Meaning, How to Resolve With IRS

A tax lien is a legal claim imposed by the Internal Revenue Service (IRS) on your property and assets as a result of unpaid federal taxes. It serves as a way for the government to secure the amount owed by a taxpayer and ensures that…

Form 8300 Filing Requirement and Associated Penalties
Form 8300 Filing Requirement and Associated Penalties

In the United States, the Internal Revenue Service (IRS) has established rules and regulations to ensure compliance with reporting large cash transactions. Form 8300 plays a crucial role in this process by requiring certain individuals and businesses to report cash transactions exceeding a specific threshold.…

Understanding Small Business R&D Tax Credit
Understanding Small Business R&D Tax Credit

As a small business owner in the United States, it is crucial to explore all available opportunities to save on taxes. One such opportunity is the research and development R&D tax credit program. Before diving into the intricacies of this program, it is important to…

What Are Delinquent Taxes? Delinquent Taxes Definition for Taxpayers
What Are Delinquent Taxes? Delinquent Taxes Definition for Taxpayers

If you’re a taxpayer, it’s important to understand the concept of delinquent taxes and the potential consequences they may have on your financial situation. In this article, we will define delinquent taxes, explore what is considered delinquent federal tax debt, discuss the repercussions of having…

What Is Tax Levy? How It Works, and Examples
What Is Tax Levy? How It Works, and Examples

In the context of the IRS, tax levy refers to the legal authority granted to the IRS to seize a taxpayer’s property or assets to satisfy an outstanding tax debt. The purpose of tax levy is to enforce tax compliance and collect unpaid taxes when…

The Facts About the IRS Forgiveness Program
The Facts About the IRS Forgiveness Program

Let’s face it, life is unpredictable, and you may find yourself in a situation that is beyond your control. These moments and periods are defined as hardships. Unfortunately, you cannot anticipate these uncertain times. Often when your life is operating smoothly, an unexpected event or…

Understanding and Navigating the IRS Innocent Spouse Rule with Start Fresh Tax Relief
Understanding and Navigating the IRS Innocent Spouse Rule with Start Fresh Tax Relief

When married couples file joint tax returns, they typically assume that they are jointly responsible for any tax liabilities that may arise. However, there are cases where one spouse may be unfairly burdened by tax issues resulting from the actions of their partner. In these…

Don’t Let Unfiled Tax Returns Catch Up to You
Don’t Let Unfiled Tax Returns Catch Up to You

In today’s fast-paced world, it’s not uncommon for people across the United States to forget or neglect to file their Federal Income Tax returns. Unfiled tax returns can result in severe penalties and unnecessary stress. This is where Start Fresh Tax Relief comes in! Our…

Child Tax Credit 2023 Update
Child Tax Credit 2023 Update

As we prepare for the 2023 tax season, taxpayers are always looking for ways to maximize their tax refunds by taking advantage of applicable deductions and credits. Parents will agree that children are their greatest joy. Of course, parenthood does come with many responsibilities such…

2023 Tax Saving Tips for Businesses
2023 Tax Saving Tips for Businesses

As businesses prepare for the 2023 tax season, they must educate themselves on the new tax rules that may potentially impact the amount they owe to the IRS. Business owners can set themselves up for the best tax outcome at the beginning of each tax…

Protect Yourself from Identity Theft During 2023 Tax Season
Protect Yourself from Identity Theft During 2023 Tax Season

As individuals do not have enough to worry about during the tax season such as tax preparation and filing their income tax returns, they now must protect themselves from identity theft. Unfortunately, identity theft is a major security threat that all adults must be aware…