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Back Taxes
The IRS’s recent recovery of $1.3 billion from wealthy tax dodgers highlights a renewed focus on tax enforcement, thanks to funding provisions in the Inflation
December 12, 2024
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Blog
Category: Back Taxes
Back Taxes
The gambling industry continues to grow, generating a staggering $60.5 billion in gross revenue in 2022. However, with great profits come great tax responsibilities. The
December 10, 2024
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Tax Evasion
In a notable case of tax evasion, Ronnie Lyn Drummond, an IT consultant from Brookland, Arkansas, has pleaded guilty to failing to fulfill his tax
August 23, 2024
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IRS
The federal government has issued over $1 billion in upfront tax credits to buyers of new and used electric vehicles (EVs) as part of the Inflation Reduction Act. This initiative, which began on January 1, 2024, allows car buyers to receive tax credits of up to $7,500 for new EVs and $4,000 for used EVs directly at the point of sale, making EVs more affordable and competitive with traditional gasoline-powered vehicles.
July 4, 2024
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Back Taxes
As a business owner, it’s crucial to maintain accurate financial records and comply with tax laws. A recent case serves as a stark reminder of
June 25, 2024
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Business
The Tax Court denied equitable relief to a taxpayer seeking Innocent Spouse Relief after his ex-wife improperly claimed deductions on their joint tax return. Despite meeting several conditions, the court ruled that the taxpayer’s lack of involvement in reviewing the return and claiming a refund undermined his claim of innocence.
June 24, 2024
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Back Taxes
As a business owner, keeping your finances in order is crucial not just for your company’s success but also to stay compliant with tax laws. A recent high-profile case serves as a cautionary tale about the severe consequences of neglecting tax obligations.
June 21, 2024
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Back Taxes
Did you know the IRS can charge you up to a 25% penalty for filing your tax return late? Many people don’t realize that you can avoid this hefty penalty by filing on time, even if you can’t pay the full amount you owe. At IRSProb.com, we’ve seen countless individuals save thousands by simply filing on time.
June 7, 2024
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Back Taxes
Owed Back Taxes? How to Settle with the IRS in Texas,Back Taxes
April 18, 2024
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