Tax Matters - The Top Tax Defenders Blog

An Offer in Compromise, or OIC, can relieve people from significant tax burdens. However, the IRS considers each OIC individually and has the ability to turn down offers for various reasons. Rather than accept the refusal as the IRS' final determination, you can use these tactics to appeal the denial of your Offer in Compromise.

Small business owners have the unique obligation to report and pay their taxes quarterly. While the IRS wants this process to be relatively straightforward and simple, you still may be confused about what is actually expected of you at the end of every quarter. You can learn how to file the 941 employment tax form and avoid expensive fines and penalties by keeping these tips in mind.

The 16th Amendment instituted the personal income taxes that people are accustomed to paying each year. While people understand that they pay their income taxes directly to the federal government, they may not realize that they also are paying indirectly paying taxes when they go shopping for their favorite consumer goods.

The IRS employs a variety of professionals whose sole purpose is to collect on delinquent taxes, penalties, and other monies owed to the government. IRS revenue officers play a central role in the collection process. When you owe money to the IRS, it is important that you learn what a revenue officer is and what duties and limitations this individual has when collecting on your obligation.

Dealing with the IRS may call for expertise and knowledge you do not possess. If you use the wrong approach when trying to file your taxes or settle an outstanding tax debt, you could run afoul of tax codes and also owe more money than necessary. When you want to handle your tax case the best way possible, you should learn the five important ways that an IRS attorney can help you today.

Choosing the best tax filing status can be a challenge if you are not certain which one applies to your situation. If you choose the wrong status, you could owe more money than necessary to the IRS. You may be able to lower your tax rate and get a higher standard deduction if you meet these criteria for filing Head of Household.

You may have breathed a sigh of relief as this year's tax season passed. As tempting as it may be to forget about your financial specifics right now, the time has never been better to start preparing for next year's taxes.

People who work as tipped employees must report both their regular income and their tips from each shift as income. If you work as a waiter or waitress, a casino poker dealer, a valet, bus boy, or as another commonly tipped worker, it is important that you know how and when to report your tips to your employer and to the IRS.

The tax man comes for everyone, even people who are wealthy and famous. In fact, despite having more money that most people in the country, the rich and famous run afoul of the IRS just as often as everyday people. Hollywood heavyweights must follow the U.S. tax codes just like everyone else and sometimes find themselves being audited for violating U.S. tax codes.

You have the right to representation before the IRS. Depending on the specifics of your case, you may benefit by allowing someone to advocate for you and to take charge of complicated processes for which you lack skill and comprehension. While you do have the right to argue for yourself in IRS matters, you may find it more advantageous to allow one of the permitted representatives to assist you in your case.