The IRS-Hitman blog offers advice to arm you with tax debt solutions.
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Remember when I stated that TaxMasters had secured $25 Million in funding? Well, now I’m kind of wondering where all those millions went. Did they already empty it into their advertising budget (which takes up about 37% of their spending)? That may be the case, because TaxMasters has filed for...
The news is a buzz the arrest of John K Harris for contempt of court. When I first heard of this, I pictured the former CEO of JK Harris being dragged kicking and screaming out of a physical court room. In reality, the Berkeley County Sheriff's Office deputies came to him and arrested him. Just...
Recently, I’ve been getting a fair number of emails from people stating that they will boycott Tax Defense Network because we advertised Rush Limbaugh or, in many cases, that we pulled out of endorsing the controversial Conservative radio host. I would like to make it clear right now that Tax...
If you don’t believe that times are that much harder, take a look at the statistics. In 2003, there were less than a million 1099-C notices being sent to struggling Americans. In 2010, it was more like 3.9 million. And just what is a 1099-C? It’s a tax form sent to you from a creditor who has...
As fond as I am of tax deductions, even I have to admit a proposal for a $250 tax deduction for facial hair grooming went a little too far. Rep. Roscoe Bartlett’s staffers forwarded a cop of the American Mustache Institute’s proposal to the House Ways & Means Committee…apparently without the...
In the last three years, TaxMasters has accumulated 1,047 Better Business Bureau complaints. These complaints have mostly been about their poor service, but there are a considerable number of complaints about their billing and advertising practices. Much like JK Harris, TaxMasters has suffered...
As the tax deadline nears, many Americans have either begun to file or have filed their income tax returns, and are now only waiting for their refund. Yet, some taxpayers were surprised to find that they will owe back taxes this year. This dilemma leads many taxpayers to the common...
While many taxpayers understand their current wages or salaries, or their checking or savings accounts, can be levied by the IRS, many are unaware of the vulnerability of their retirement savings accounts. These types of accounts are subject to be levied by the IRS no matter if the taxpayer is...
Citibank is looking at a lawsuit from customers who believe they were misled by solicitations promising 40,000 American Airlines miles if you opened a bank account. The advertisements stated that “Customer is responsible for taxes, if any.” In reality, all of these customers were issued a 1099...
I just finished filing my own tax return, and it got me thinking about all the tax problems I hear about that start with unfiled tax returns. An unfiled tax return is the worst possible thing you can do to yourself, when it comes to taxes. Whether or not you believe you will owe taxes, there is...