In an effort to crack down on delinquent taxpayers, the IRS has employed a relatively new weapon in its arsenal. Taxpayers who owe more than $53,000 in debt may be unable to renew their passports or to apply for a new passport. The IRS must inform the U.S. State...
Month: June 2020
Considering back taxes and bankruptcy as a debt relief option
Massachusetts residents probably do not like owing money to anyone, but unfortunately, it seems to be a fact of life, especially during the current circumstances. If you find yourself in this predicament, you may owe back taxes along with other debt you cannot...
It could take some time for the IRS to catch up
As businesses here in Massachusetts and around the country reopen, many feel the crunch as they attempt to catch up on matters that have been unattended to in recent months. And they are not the only ones. The IRS has been stockpiling paperwork and paper returns, and...
What does it mean to receive tax amnesty?
Many Boston residents have a difficult time meeting their financial obligations, especially during these uncertain times. One of those obligations may include the inability to pay taxes. It may be possible to receive relief from this burden through tax amnesty.Even...
What does the IRS say tax evasion looks like?
Most Massachusetts residents do not want to tangle with the IRS. They make sure they get their tax returns filed on time and diligently try to report all their income and let the chips fall where they may. However, that does not mean that people want to pay more in...