President Abraham Lincoln did establish the IRS agency in 1862. The agency operates under the US Department of Treasury.  Its primary purpose is collecting individual...
With the surge in popularity of Bitcoin, Ethereum, and numerous other cryptocurrencies dominating the market or coming into existence, many investors are showing interest....
As an internal body, IRS always makes decisions, either positive or negative. IRS depends on every piece of information to offer in compromise. Suppose you...
President Barack Obama has set forth an important initiative with the aid of Congressman Neal, Senator Kerry, Chairman Baucus and Rangel. The agenda is...
Let’s answer the question directly: Can you go to jail for not paying taxes? Yes—but only in specific situations that involve willful wrongdoing. Most...
Fraud costs businesses and individuals across the world $5.127 trillion a year. There are many examples of fraud but a common one are fake pay...
When it comes to running a business, one of the most important components is taxes. Having an effective tax plan in place can help...
A tax lien is a law imposed on a property, and the government uses it to secure payment of taxes. It is the easiest...
In a recent announcement made by the ConDem government, they've indicated that they will make further developments in its current plans to make the...
The Flexible Spending Arrangement, FSA is a unique savings account. The account allows the holder to enjoy specific tax exclusions that result in rollout...