Small Businesses May Need Big Tax Debt Relief

tax debt relief While the number of small businesses continues to shrink, much of it due to astronomical taxes and other fees, tax protections and loopholes for big corporations continue to go unchecked. Between 2008 through 2012, corporations have paid an average of 14 percent of profits in taxes. Even more shocking, one out of five of these profitable corporations paid zero federal taxes!
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Have You Heard? Tax Day Has Been Extended!

Tax Day If you are panicking about filing your taxes, then this is your lucky year. Because of Emancipation Day, an April 16 holiday celebrated in Washington, D.C., that marks the abolition of slavery in the region, you will find yourself with a little bit of a tax extension. Because the honorable holiday occurs on a Saturday this year, it will be celebrated the Friday before. That’s right! April 15, which means three extra days for all of you last-minute filers.
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New IRS Passport Law Limits Travel to Those in Tax Debt

Have a tax debt near $50,000? You may find yourself unable to travel. In December, President Barack Obama signed a 5-year infrastructure spending bill. Sandwiched within this bill aimed to improve our nation’s highway and transit systems, was an IRS passport law.
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IRS Continues Trend to 2014 in Increased Bank Levy & Wage Garnishment Actions

Direct Tax Relief (DTR) assists clients that have been issued wage and bank garnishments by the IRS that has tripled in the past 10 years and is expected to grow even more for 2014. The Internal Revenue Service Data Book
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What is an IRS Offer in Compromise?

An Offer in Compromise is a formal agreement between a taxpayer and the IRS that settles the taxpayer’s debt for less than the full amount owed. 

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