Tax Matters - The Top Tax Defenders Blog

Have you ever received a Dishonored Payment Notice from the IRS and wondered how Klingons got involved? Or maybe you worried you would need to sacrifice yourself in shame. Oh, no! My payment was dishonored. I must (fill in the blank with something terrible).

You may have heard the ruckus about student loan forgiveness. If you have student loan debt, you may be eligible for some forgiveness. Here is the breakdown.

Oh, no! More alphabet soup from the IRS. How can you understand your CSED if you don’t know what it stands for? 

There are several reasons people decide to file for bankruptcy, but how does that impact your taxes? Let’s find out.

When you are in debt to the IRS, any payment is one too many. Unfortunately, it’s pay-to-play. If you can't pay your taxes in full and on time or enroll in an installment agreement, you are left with few tools to help you reduce your tax burden.

In a perfect world, everyone could pay their taxes in full and on time. Oh, who are we kidding? In a perfect world, there would be no taxes! 

Oh, no! It’s a letter from the IRS talking about an audit — hide!

The US tax system runs on the concept of voluntary compliance. You volunteer to pay your taxes in full and on time, and Uncle Sam won’t come and make you.

Do you owe back taxes? You have options for tax debt settlement that can help you get straight with the IRS. It’s no fun getting letters from the federal government that show your tax debt rising with every month that goes by.

If you pay people to work for you, you are required to collect and pay payroll taxes. The IRS receives 70% of its annual revenue from payroll taxes, but 18% of the tax gap is due to unpaid or unreported payroll taxes. This tends to upset the IRS.