Tax Relief

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6 Important Things to Know About Utah Seat Belt Laws

Many states have enacted seat belt laws that require vehicle occupants to wear safety belts, including Utah. The laws vary by state, so it is a good idea to learn about the seat belt laws specific to your state. Below is a discussion of the Utah seat belt laws and what you need to know [...]

6 Important Things to Know About Utah Seat Belt Laws 2019-08-22T18:55:31+00:00

5 IRS Debt Forgiveness Programs You Might Qualify for If You Owe the IRS Money

The Internal Revenue Service has a good deal of power and tenacity when it comes to collecting taxes. However, in some cases, it may be possible to negotiate with the IRS to have a debt canceled. If you are struggling to pay a tax bill, there are several IRS debt forgiveness programs that may help. [...]

5 IRS Debt Forgiveness Programs You Might Qualify for If You Owe the IRS Money 2019-08-08T00:07:19+00:00

What is the IRS Statute of Limitations?

IRS Statute of Limitations sets legal time limits that both the government and taxpayers must follow. These limits specify which situations allow for extensions or pauses in payment and collection deadlines. In some cases, there are no time limits for the government to assess or collect a tax debt. Here are some of the most [...]

What is the IRS Statute of Limitations? 2019-07-12T17:31:20+00:00

How the IRS Offer in Compromise Program Works

When a taxpayer owes the IRS but cannot afford to pay the entire liability, they may be eligible for the Offer in Compromise program. This tax relief option could allow a taxpayer to settle IRS debt for an amount lower than the total due. Here are some important things to know about the OIC program. [...]

How the IRS Offer in Compromise Program Works 2019-06-26T17:08:46+00:00

Failure to File Penalty: What Happens if I Don’t File My Taxes?

If you don't file your taxes on time, you'll end up facing consequences. The IRS will charge penalties and interest for not filing or paying taxes when due. Your personal assets and bank accounts may also be seized to pay past due taxes. It's important to understand what happens if you receive a failure to [...]

Failure to File Penalty: What Happens if I Don’t File My Taxes? 2019-06-14T15:35:27+00:00

Is Social Security Disability Taxable?

Social Security benefits are offered to support individuals who may become disabled or need additional income support. How these benefits are taxed can be complicated and involve several government agencies. Here are some frequently asked questions about Social Security Disability benefits and taxes. Is Social Security Disability Taxable? 10 FAQs Regarding Benefits and Taxes What [...]

Is Social Security Disability Taxable? 2019-06-14T15:36:30+00:00

14 Frequently Asked Questions About the IRS Payment Plan Program

Finding out you owe the government money on taxes can be daunting. This debt can grow quickly, and the IRS has the power to seize your assets. Before your tax problems get to this point, you have options to reach an agreement with the IRS on how to pay the debt. 14 Frequently Asked Questions [...]

14 Frequently Asked Questions About the IRS Payment Plan Program 2019-06-14T15:36:39+00:00

How Does Innocent Spouse Relief Work?

For those who are married and filing income tax returns jointly, the situation may arise where an unreported item or error on a joint return can cause the IRS to notify you of a tax debt due. Either spouse may be held responsible for the entire debt, even if one spouse had no knowledge of [...]

How Does Innocent Spouse Relief Work? 2019-06-14T15:36:46+00:00

The Ultimate Guide to Understanding the IRS Fresh Start Program

There are many ways that a taxpayer or business can accrue a tax debt, such as failing to file, or not making the correct estimated payments. Depending on your unique tax situation, you may qualify for tax debt relief under the Fresh Start Initiative implemented by the IRS. However, you must meet the following basic [...]

The Ultimate Guide to Understanding the IRS Fresh Start Program 2019-06-14T15:36:57+00:00

What are the Consequences of a Federal Tax Lien?

When the IRS contacts you about taxes due, and you do not respond in a timely manner, they can issue a federal tax lien on your property. This is a serious event that can impact you in many ways-- but keep in mind that you have options for resolving your issues with the IRS. 7 [...]

What are the Consequences of a Federal Tax Lien? 2019-05-07T19:39:15+00:00