An IRS levy is a legal seizure of your personal property to fulfill your tax debt. The Internal Revenue Service will usually levy when they have assessed a tax amount and sent a “Notice and Demand for Payment”, the tax payer ignored or refused to pay off the total amount due, and a “Final Notice

“The Dirty Dozen represents the worst of the worst tax scams” IRS Commissioner Doug Shulman said. 1. Hiding Income Offshore The IRS aggressively pursues taxpayers involved in abusive transactions by avoiding or evading U.S. income by hidin

Now with the 2010 tax season over, some taxpayers would like to know where there taxes go. Here is a general breakdown of where your tax dollars go: 1. Social Security 20.6% 2. Defense 20% 3. Medicare 13.2% 4. Medicaid 7.2% 5. Help f

With April 18th being right around the corner (there are 3 extra filing days this year because of a Canadian holiday), the following are 10 common errors to check for, before filing your return. 1. Missing or incorrect social security number. M

Incomplete or sloppy returns. Make sure you sign your return. Check for math errors All names should match the SSN on the return Make sure you fill out all the required information. Check for any inconsistencies on the return. Un

With 2011 tax season upon us, I would like to highlight some of the changes that will affect many taxpayers. The “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act”of 2010 and enacted Dec. 17 extended certain tax cuts fo