Recent Posts Tagged With 'back taxes'

• Abuses of the First Time Homebuyer Tax Credit

  Posted on Saturday December 26th, 2009 at 11:09 in tax returns, buying a home, buying a house, uncle sam, tax refund, farce, tax credits, us treasury, american citizens, national association of realtors, tax credit, irs problems

  What was a much lauded move by the government to stimulate the economy has become a farce because of tax cheats. In 2008, the government gave a tax incentive to boost home sales which was significantly expanded this year. Under this incentive, those ...

• Guess Where Uncle Sam Is

  Posted on Wednesday November 11th, 2009 at 23:15 in google, myspace, search engines, deejay, real estate broker, taxman, local marketing, rigger, irs problems, tax officials, tax evaders, riggers

  These days, you will find the IRS at the most unlikely places. Think social media, think Facebook, MySpace and a myriad other such sites. IRS agents have been scouring these social media sites to locate errant taxpayers who owe Uncle Sam some money...

• IRS goes after Nortel

  Posted on Saturday October 31st, 2009 at 18:15 in IRS, debts, 50 cents, 10 years, amp, losses, bondholders, nortel networks, irs problems, back taxes, severance pay, taking into consideration

  The IRS has made a claim against giant conglomerate Nortel for a whopping $3 billion in back taxes, penalties and interest charges. As it stands, other creditors of Nortel are already seeking more than $10 billion from the company. But if US bankru...

• Legal Tussles

  Posted on Wednesday October 7th, 2009 at 01:15 in contention, court case, mc hammer, bankruptcy protection, naught, court of appeals, appeals court, tax shelters, musical career, irs problems, textron, dance jam

  In two high-profile cases, the IRS is in legal wrangles with a major corporation and a famous entertainer. Textron Inc., in an earlier suit brought against them by the IRS to compel the company to disclose certain documents, at first won the right t...

• Making Sense of Income Tax Terms

  Posted on Friday October 2nd, 2009 at 23:16 in conversations, income tax, tax returns, tax breaks, plain english, tax lien, period of time, mumbo jumbo, proceeds, foreclose, greek words, irs problems

  To the common layman, legal and financial mumbo jumbo might as well be written in Greek. Words which you would probably not use for years in verbal conversations are found in tax forms and other such documents. You would be forgiven if you wished t...

• How to File Back Taxes and Avoid Future IRS Problems

  Posted on Wednesday August 19th, 2009 at 17:39 in irs problems, unfiled returns, back taxes, late taxes, filing back taxes, delinquent tax returns, filing late taxes, how to file back taxes, how to file late taxes, late tax returns

  There are several reasons why people do not file their taxes, and while most of them are acceptable, the fact of the matter is that even late or back taxes eventually need to be filed. Filing back taxes will in fact, alleviate or altogether avoid fut...