Tax Controversy

People facing tax controversies related to unpaid income taxes may consider drastic solutions for their legal challenges. After all, the Internal Revenue Service (IRS) is notorious for aggressively pursuing tax debts. Those worried about the possibility of wage...

Tax debts can be very intimidating financial obligations. Those who fall behind on their income taxes are often unsure of what to do next. After all, the Internal Revenue Service (IRS) is quite assertive about obtaining payments in full for any amount owed. Not only...

Tax law is very complex, and the rules for tax returns change regularly. The value of different credits, the way the Internal Revenue Service (IRS) taxes certain assets and various other income tax rules fluctuate based on current policy rules and economic trends....

Falling behind on business taxes can be stressful for any small business owner. Whether due to unexpected financial hardship, bookkeeping mistakes or simply being overwhelmed, neglecting tax obligations can lead to a stack of overdue returns and a growing sense of...

Owning a small business is often a rewarding journey filled with challenges and triumphs. One of the most significant challenges entrepreneurs face is navigating the complex world of taxes. Unfortunately, even with the best intentions, misunderstandings or unforeseen...

A lien is a legal method for someone who is owed money to lay a claim on the property of the person that owes them. One entity that can place them is the Internal Revenue Service (IRS). A lien does not give the IRS the right to take your assets outright. Think of it...

As a business owner, the last thing you need to land on your doorstep is a tax audit.  Even if you’re absolutely certain that you’ve paid every penny in taxes that the government is due, an audit is time-consuming and stressful -- and it eats away at the resources you...

Tax audits occur less frequently than most people believe they do, and most of them are conducted by mail. However, some Naperville, Illinois residents may face an in-person tax audit at some point, and it is wise to prepare for this procedure. According to H&R...