Shakira Pays $25 Million in Back Taxes

Shakira has reportedly paid a major bill for back taxes owed to the Spanish government. According to numerous reports, this international superstar has paid more than 20 million Euros - or $25…


Uncle Sam holding file folder for tax audit

How to Avoid Being Audited

No one wants to pay more income taxes than required, but be careful when preparing your taxes. Attempting to cut your tax liability by getting into IRS grey areas can cause you problems later. You…


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IRS Warns Taxpayers to be Alert for Scams Related to Natural Disasters

Let's talk tax scams. According to the IRS, some scammers impersonate charities or operate bogus charities to get money or private information from well-intentioned taxpayers. For example, some have…


What to Do When the IRS Sends a Tax Notice

The moment you take an IRS Notice from your mailbox, it's time to open it and call an enrolled agent immediately. A tax professional will be able to guide you through the process of resolving your…


IRS Forces Full Disclosure for Overseas Accounts

I have an overseas account, but I didn’t think about this! If you have a foreign account, you have until April 15 to file a FINCEN 114 form electronically (formally FBAR) with the Treasury's…


$458 Billion Owed in Back Taxes

If you thought you were getting away from the IRS before… apparently so did everybody else. The IRS is on a mission to collect nearly $500 billion owed in back taxes, and they’re not going to stop…


10 Things to Consider When Starting Up a Cannabusiness

1. A company name that gives you room to grow and expand your product line. 2. Where will the business be located? Will the landlord be 420-business-friendly? Your local legal restrictions vary so…


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Private Collectors and Other Problems Outside the IRS

Third time is a charm… or a nightmare? One year ago the IRS reinstated a program allowing private debt collectors to pursue delinquent taxpayers. This is nothing new – in fact, it was tried twice…


Now What, I Got a CP90 Notice from the IRS, Help, SFS Tax Problem Solutions, grey cat, yellow eyes, cute cat, scared cat

Now What? I Got a CP90 Notice from the IRS. Help!

Think of the CP90 notice as a big red flag. If you are receiving one from the IRS, this is your last chance. The CP90 notifies you of the IRS’ intention to garnish your wages, levy your property, or…