Tax Matters - The Top Tax Defenders Blog

When you owe the IRS money, you put yourself at risk of having your bank account levied. A bank levy can invite financial hardship into your life and make paying everyday bills more difficult. However, you do have options for avoiding or removing an IRS bank levy. 

The IRS gives you until April 15 every year to file and submit your tax returns. Despite this generous deadline, you may find it difficult or impossible to get your taxes done on time this year. 

Tips for Filing Your 2017 Taxes at the Last Minute

The tax filing season is quickly winding down for this year. If you have not yet filed, you do not have to feel panicked or rush to make this year's April 17 deadline. You can submit your return confidently by using these five last-minute tax filing tips.

Preparing to Prepare – Get Ready to File Your Taxes

Get ready for Tuesday, April 17, this year’s deadline for filing federal taxes with the Internal Revenue Service (IRS). The preparation required to put together your return can be a headache and a chore. You’ll spend time getting receipts in order and collecting tax paperwork received in the mail. Making sure you have everything needed to sit down and prepare your taxes or hand them to a professional is often just as much work as preparing the tax return. Here are some tips for getting ready to file your taxes.

Millions of people each year struggle to pay what they owe to the IRS. Estimates say that at least one person out of six in the U.S. either owe the IRS money or are facing other tax crises like failing to file tax returns. When you count yourself as one of these statistics, you can deal with your IRS tax issues and enjoy the numerous benefits that come with hiring a tax professional to help you.

When you borrow money from the federal government to go to school, you are expected to pay back that loan with interest after you graduate. You cannot ignore your obligation to repay your student loans. 

With the resurgence of the housing market, more people are finding it easier to buy new homes. Even so, you may hesitate to submit a mortgage application because you still owe the IRS a tax debt. Discover how unpaid taxes can impact your ability to buy a home and how lenders regard IRS debts when considering new mortgage applications.

The tax filing season creeps up on millions of taxpayers each year. As the rush of the holidays comes to an end, you have just a few weeks to spare before the new year's tax season officially gets underway. Rather than be caught off guard during this all important time of year, you can use these tips to start preparing now for the upcoming 2018 tax filing season.

The holiday season is the time for giving to friends, family members, loved ones, and others. However, it can also be the ideal time to take advantage of last minute tax deductions that could lower what you owe the IRS next year. Give yourself the gift of lower taxes by learning how to utilize holiday tax deductions to your benefit before the end of the year.

Charities throughout the country rely on donations from the public for their sustenance. If you have hesitated to give to charity in the past, you may be convinced to start when you realize that your donations could be tax deductible. Before you decide to what charities to give, you may want to learn first under what circumstances you can include donations on your tax returns.