Today, Affordable Tax Relief Lead Tax Attorney, Phil, discusses 3 things the IRS will never do. These items are crucial to avoid growing tax scams. The IRS Will Never Threaten You with Law Enforcement The IRS does not use scare tactics like threatening taxpayers with arrest, deportation, or police involvement to collect taxes. Legitimate communications […]
Which States Have No Income Tax?
As tax season approaches, individuals and businesses alike are often searching for ways to minimize their tax burden. One way some achieve this is by living in a state that does not impose personal income taxes. Currently, nine U.S. states fall into this category, each with its unique approach to taxation. Understanding how these states […]
What Happens If I Don’t Pay State Taxes?
Failing to pay your state taxes can lead to a range of consequences, depending on the state you live in and how long the debt remains unpaid. While many are familiar with the penalties for not paying federal taxes, state tax authorities also have enforcement mechanisms to ensure individuals meet their tax obligations. Here’s a […]
Ask Phil: Tax Extension Deadline: 3 Things to Know
Today, Affordable Tax Relief Lead Tax Attorney, Phil, discusses the October tax extension deadline, including his top 3 things to keep in mind. It’s Never Too Late to File This year’s tax extension deadline falls on Tuesday, October 15th. If you haven’t got around to filing, remember it’s never too late. The failure to […]
Is Debt Canceled Through an OIC Taxable?
When taxpayers struggle with large amounts of tax debt, an Offer in Compromise (OIC) can offer a much-needed lifeline. This program, administered by the IRS, allows taxpayers to settle their tax debt for less than the full amount they owe. But a common question arises: Is canceled debt through an OIC taxable income? The simple […]