Tax Payments
Eight Facts on Late Filing and Late Payment Penalties
April 15 is the annual deadline for most people to file their federal income tax return and pay any taxes they owe. By law, the IRS may assess penalties to taxpayers for both failing to file a tax return and … read more
Using the Electronic Federal Tax Payment System (EFTPS) to Pay Taxes Including a Split Spousal Assessment
The Electronic Federal Tax Payment System or EFTPS is a free service provided by the U.S. Department of the Treasury that can be used to pay a host of federal taxes. The EFTPS is available by phone or online 24 … read more
Does the First Amendment Excuse Me From Paying Taxes? (Hint: No)
Here’s one that probably a lot of us have heard of before: Refusing to pay taxes based on religious or moral grounds. Proponents of this argument mistakenly invoke the First Amendment in support of this position which has been designated … read more
IRS Improves “Where’s My Refund?”
One of the handiest tools on the IRS website www.irs.gov is the Where’s My Refund? app. Located on the right side of the front page of the IRS website, the IRS is improving the tool this year to give taxpayers … read more
The Eight Facts of Failure to File and Pay Penalties
The number of tax returns that are electronically filed increases every year, which helps reduce your burden and also improves the timeliness and accuracy of tax returns. When it comes to filing your tax return, however, the law provides that … read more
There May be Hope for Amounts Owed to IRS
There may be good news for taxpayers who can’t afford to pay in full taxes they owe to the IRS. The Internal Revenue Service is offering a more flexible option in its Offer in Compromise (OIC) program to help financially … read more
New Rule for Innocent Spouse Relief
Does your tax liability, in reality, belong to your current or ex-spouse? If so, you can apply for innocent spouse relief. You should file Form 8857 as soon as you become aware of a tax liability for which you believe … read more
Arizona Wildfires – Reaching to find any Silver Lining
Our beautiful state seems to be under siege from wildfires gone crazy. The only silver lining we can possibly find is that the Arizona Department of Revenue issued a press release on June 21, 2011, granting relief to taxpayers. Here … read more
What to do if you Cannot Pay Your Tax – Part 2
Yesterday, we covered some different payment options if you cannot pay your tax. We continue today with more options that you may qualify for. Undue hardship extensions. You may also qualify for an extension of time to pay if you … read more
What to do if you Cannot Pay Your Tax – Part 1
In the current economic downturn, you might be experiencing financial difficulties and unable to meet your tax obligations. Do not let your inability to pay your tax liability in full keep you from filing your tax return properly and on … read more