Minneapolis Tax Attorney on What to Do About Costly Tax Bill


Can you pay your tax bill?

Sometimes after filing taxes, we get nervous about what may happen if we receive a tax bill. And not just any tax bill, but a hefty one from the Internal Revenue Service. What can you even do if you can’t afford it? Many may ignore it – which is not a good decision and will lead to a bigger problem. Minneapolis tax attorney, Tax Tiger, can help you if you become overwhelmed and stressed about your tax bill.

You aren’t alone

According to the IRS, you aren’t alone when it comes to needing help paying a tax bill. There are 5 million taxpayers out there who can’t front the money so there are a couple of alternatives.

Extend your payment period

The IRS allows for an extension on your bill for up to 120 days. If you think this is ample time for you to gather the money, this may be your best situation.
http://www.tax-tiger.com/tax-relief-blog/2016/04/19/minneapolis-tax-attorney-on-what-to-do-about-costly-tax-bill/

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Sacramento Tax Attorney Found 5 Great Tax Refund Uses


Waiting on your tax refund to come in gives you time to think about how you would like to spend your exciting boost of money. While not all taxpayers receive a federal tax income, the Internal Revenue Service says that almost 80% of taxpayers get one. And on average they are $2,800! So if you are curious on what are the best ways to use your tax refund, here are a few ways that Sacramento tax attorney suggest doing.

Make Your safety net

Saving your money is a good way to make sure you have an emergency fund in case something financially devastating was to happen. Maybe you lose your job, have to pay for a medical expense that your insurance doesn’t cover all the way, or something else could make an emergency fund rather useful. Tax attorney in Sacramento, Tax Tiger, says just take a second to think about your emergency fund before spending the money impulsively.
http://www.tax-tiger.com/tax-relief-blog/2016/04/19/sacramento-tax-attorney-found-5-great-tax-refund-uses/

Denver Tax Attorney Tells When to Fix Your Taxes After Filing


We all make mistakes

You just filed your taxes and then it hits you – you made a mistake! You had looked your work over multiple times before filing, but now you find the error. While your instincts may be to go into panic mode, Denver tax attorney says you can relax because people do this more common than not. There is an option to amend your taxes for a reason. But sometimes a mistake is so minuscule you don’t even have to. So when is it appropriate to amend your taxes?

When not to amend

Perhaps you filled out the wrong form, which could mean you will owe more money or maybe you forgot to deduct something big from your taxes meaning your refund will be much smaller. In these situations, Denver tax lawyer -Tax Tiger, would highly recommend you amend. But if you happen to make a slight mathematical miscalculation, the Internal Revenue Service is likely to correct those mistakes for you.
http://www.tax-tiger.com/tax-relief-blog/2016/04/19/denver-tax-attorney-tells-when-to-fix-your-taxes-after-filing/

Delaying May Cost You Tax Attorney in San Francisco Says


Are you one of those people who like to wait till the last minute to get things done? Maybe you work better under pressure, but procrastination doesn’t mesh so well when it comes to filing taxes. Tax Tiger, a tax attorney in San Francisco says that your filing costs will go up if you wait too late in the season to file your taxes. According to the Bloomberg Business reports, Turbo Tax, H&R Block and TaxAct are a few common companies that will charge you a higher rate if you wait to get help on your taxes. It says, “They offer cheap, sometimes even free services to early filer. Then, usually in late March they slap customers with price hikes of 30 percent or more. Sometimes they continue ratcheting prices up in the days before the deadline.”

The tortoise and the hare

You know the story of the tortoise and the hare? As we all know, the hare didn’t do so well. He thought he had all the time in the world, took a nap, and next thing you know –the tortoise wins!
http://www.tax-tiger.com/tax-relief-blog/2016/04/19/delaying-may-cost-you-tax-attorney-in-san-francisco-says/

Minneapolis Tax Attorney Shows Ways to Not Spend Refund


When you receive your tax refund A.K.A – a big lump sum of money – how do you plan to use it? Do you first think to save it all? Go on a big trip? Pay off credit cards? Get your pool re-plastered? It’s hard not to start thinking extravagantly on what you could be doing with all of it. Whatever it is, there needs to be a strategy involved so you can make the most of your tax refund. Tax Tiger, an IRS tax attorney in Minneapolis, discovered several ways on how people commonly spend their tax return, but probably shouldn’t. So, if you are one of the 77 percent who received a tax return, here are a few of those ways that you should avoid using that money towards.
http://bit.ly/1pyCRFW

Tax Attorney in San Francisco on How to Avoid IRS Trouble


Nobody wants to be on the bad side of the Internal Revenue Service. That’s why it’s important to make a huge effort on filling out your taxes correctly and filing them on time. Because taxes are so complicated, here are a five steps you should follow in order to prevent the IRS from coming after you:

1. Simply file your taxes on time

We know this one sounds obvious but people still end up by waiting till the last minute to file their taxes. Don’t procrastinate and get it done! Also, if you end up by owing a lot on your taxes, you can use a tax attorney in San Francisco to help resolve these issues with the IRS.
http://bit.ly/1pyCHhQ

Minneapolis Tax Attorney Explains New Highway Bill Passed


Earlier this month President Barack Obama signed the Fixing America’s Surface Transportation (FAST) Act that will team up the Internal Revenue Service with private debt collection agencies in hopes of receiving payments to past due tax bills and thus helping improve the United State’s economy. Nacsonline.com says the bill itself aims to ”Improve the nation’s infrastructure by providing fiscal certainty to state and local governments, streamlining the environmental review and permitting processes, and improving truck and bus safety.”

This works

The last time something similar to this occurred was in 2006 and it was ultimately a success. A study had found that 96 percent more customers were even satisfied with the collection agencies. Although together the IRS and the collection agencies had brought in revenue of $98 million, Congress stopped it in 2009 because they felt that it was losing money opposed to gaining enough.
http://bit.ly/1PK2Xhq