Category Archives: Tax Debt

IRS Nationwide “Fresh Start” Open House Set for Saturday July 16

[TaxMama note: If you are still battling IRS over your homebuyer’s credits, use this opportunity to speak to someone face-to-face to help you resolve your case and get your money released!] WASHINGTON –– The Internal Revenue Service will open the doors to dozens of its Taxpayer Assistance Centers across the country this coming Saturday, July […]

Tax Payment Strategy

Today TaxMama hears from Kathy in the TaxQuips Forum with an interesting question.  “I thought I read somewhere that I could specify to which year’s taxes I want to apply my payments.  For example, if I owe taxes from 1996 through 1999 and then from 2006, I can apply my payments to the taxes due for […]

Trustworthy Tax Negotiator

Today TaxMama hears from Judy in the TaxQuips Forum who needs help.  “I am struggling to maintain my household, have four years of back taxes to file and settle and my home was just foreclosed on. I was contacted by someone claiming that they can help negotiate a reduction in tax liability and stop any […]

IRS Accepting Applications for Low Income Taxpayer Clinic Grants

Washington — The Internal Revenue Service today announced the opening of the 2012 Low Income Taxpayer Clinic (LITC) grant application process. The grant will cover the 2012 grant cycle, which runs from January 1, 2012, through December 31, 2012. Applications must be electronically filed, postmarked, sent by private delivery service, or hand-delivered to the LITC […]

Paying Past Due Taxes

Today TaxMama hears from Steve in the TaxQuips Forum with a reminder. He says, “After finding a true tax professional through one of the associations you suggested on this site, we feel much more confident, moving forward. We are now making voluntary payments with no installment agreement but designating the payments specifically to the Trust […]

Trust Fund Penalty

Today TaxMama hears from Steve in the TaxQuips Forum with a big problem. He says, “The IRS wants me to sign a trust fund recovery form accepting personal responsibility for corporate 941 back taxes. They are making this a requirement as part of a full pay installment agreement. They are telling me that they will […]

W-2 all Messed Up

Today TaxMama hears from Linda in the TaxQuips Forum who is helping her daughter. (You can read about the whole mess here.) In short, through some amazing incompetence on the part of her daughter’s employer, her daughter is now facing tax debt she does not owe – and possibly credit problems, too. How can this […]

Taxes Affect Insurance Rates

Today TaxMama hears from Frank Darsi, who sent a link to an interesting article. “Five Ways Taxes Affect Your Car Insurance.” Is the article true? Does it make any sense? Well, since the article only contains four points, not five, we’ve got to wonder about the rest of it… First of all, let me wish […]

Read This if you Need More Time to Pay Your Taxes

Courtesy of IRS [But read TaxMama’s Tips at Suze Orman’s MoneyMindedMoms.com site – if you need even MORE time! And don’t like IRS’s options.] Taxpayers who owe taxes may be relieved to know that there are some options for those who owe and can’t afford to pay the full amount right away. Here are the top […]

Seven Facts about Injured Spouse Relief

Courtesy of IRS If you file a joint return and all or part of your refund is applied against your spouses’ past-due federal tax, state income tax, child or spousal support or federal nontax debt, such as a student loan, you may be entitled to injured spouse relief. Here are seven facts the IRS wants […]

TaxMama’s Tax Roundtable – March 2011 Session

March 17, 2011 TaxMama’s Tax Roundtable is a monthly live discussion open to all TaxMama Family Members and above, and all TaxMama’s EA Exam and Solving the Tax Puzzle Students. REPLAY today’s session below – you can listen and SEE the session and forms.