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Top 10 Ways to Eliminate Tax Debt

12:16 PM, Posted by Yigit, No Comment

1st legal to collect taxes from my salary?

Yes. IRS can take up to 75 percent of salary. The Internal Revenue Code (IRC), which provides for tax administration. Remember that the IRS has its own judge and jury. They must go through the legal system to the benefit of your salary.

2nd You can get an extension to file my taxes?

Yes. You only need to fill out Form 4868 "Application for Automatic Extension to sign the tax return."

3rd Can I get overtime pay taxes without interest?

You can get extensions to file a tax return, but you still have to pay on April 15 or May to punish the tax fees and interest rates. How approve payment extensions. And even then, only fines, not to stop accrued interest.

4th How long should keep tax documents?

At least six years. IRS can audit you for up to six years, if you've underreported income by 25 percent or more. Therefore, it is important to keep all tax documents stored in case they need.

5th I can not pay taxes. I need to file a tax return anyway?

Yes. This is not illegal to file taxes. Even if you can not pay, file taxes in order to avoid criminal charges and to hit with taxes.
6th Can the IRS Levy my bank account?

Yes. IRS may be used every hundred in your bank account. They first freeze its bank account and send you a letter written, you have 21 days to find a way to pay. Unless we act quickly, the IRS will take money.

7th I let the IRS know when I move?

Yes. It can think to hide the tax bill, but I can not. The report change of address Form 8822 (change of address). Otherwise, we risk the May not receive messages or important to your tax return.

8th Who can access my files IRS?

IRS files are not public records. IRS can legally share files with other federal and state agencies. And that's all. If tax officials were caught snooping, they fired in May.

9th Can my debt is really constant for money for the dollar?

Yes. It is an expression of concern that the IRS "offer of compromise" program. Only a few. And for his efforts to be resolved for the money to the dollar, you have to show extreme poverty.

10th Whether it is not illegal to file my taxes?

Yes. Do not send your tax is really a crime. That is punishable by a maximum of 5 years' imprisonment and / or a fine of 250,000 U.S. dollars U.S. dollars.

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