Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    What Is the IRS and What If I Owe Taxes?
    What Is the IRS and What If I Owe Taxes?
    What Is the IRS and What If I Owe Taxes?
    Ebook22 pages15 minutes

    What Is the IRS and What If I Owe Taxes?

    By Heidi Duran

    ()

    Read preview

    About this ebook

    Written by an Enrolled Agent with over a decade of IRS negotiation experience, the "Tax Problem? NO Problem!" series is a must-have for anyone suffering from back taxes.

    "What Is the IRS and What If I Owe Taxes?" answers such questions as, "Will the IRS put me in jail?", "Can the IRS take my house?" "Will a tax lien ruin my life?" and many more!

    LanguageEnglish
    PublisherHeidi Duran
    Release dateFeb 16, 2013
    ISBN9781301630097
    What Is the IRS and What If I Owe Taxes?

    Related to What Is the IRS and What If I Owe Taxes?

    Related ebooks

    Law For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Entrepreneurs Pay Too Much in Taxes Because They Don't Do This

      Mar 29, 2019

      As we head deeper into tax season, we're starting to hear from more and more Americans experiencing sticker shock as they file their returns. Gone is the comforting and often sizable refund check they've come to expect every year. Instead, they're fi

      2 min read

    • Article

      Should You Do Your Own Taxes or Hire a Professional?

      Jan 30, 2020

      For some people, tax season poses little worry, and the process occurs painlessly. Simply populate the requisite fields on your 1040 with info from your W-2, claim the standard deduction, sign on the dotted line and e-file. After that, the check is

      4 min read

    • Article

      Changes To Trust Legislation

      Apr 2, 2020

      It has often been considered that the role of trustee of a trust is an onerous one, with trustees exposed to liability claims by beneficiaries if financial decisions don’t work out. This has led to increasing reluctance by professionals to offer them

      2 min read

    • Article

      Why Do I Need a Trust?

      Aug 31, 2022

      There are some simple estate planning techniques that you can use, such as adding beneficiaries to your retirement accounts or adding transfer on death (TOD) designations to after-tax accounts. When you pass away these assets will avoid probate and c

      3 min read

    • Article

      HOW TO... Get Off A Blacklist

      Sep 23, 2019

      HOW TO... Get Off A Blacklist
      2 min read

    • Article

      Repo Risk: Beware Illegal Car Repossessions

      Jun 13, 2022

      Used cars are suddenly so much more appealing than they used to be. With prices near historic highs and inventory near record lows, some officials are warning people with car loans that unscrupulous lenders may use more aggressive - and possibly ille

      4 min read

    • Article

      Are You Ready for Longevity? 4 Steps to Take Now

      Aug 13, 2018

      Did you know that a non-smoking 65-year-old woman today has a 50% chance of living until 88? A non-smoking 65-year-old man has a 50% chance of living until 85? That's how life expectancy works - the longer you live, the more likely you will live lon

      4 min read

    • Article

      What To Consider When A Trust Is Involved In Legal Action

      Oct 17, 2020

      ANY LEGAL action by a trust must be properly brought in the names of the trustees. Since a trust is not a person and cannot act, when litigation is initiated the action must be brought (or defended) by its trustees. Although it is desirable to cite t

      3 min read

    • Article

      Busting Trust Myths

      Sep 3, 2020

      “Trust busting” is the term often used to describe instances where a court finds in favour of a claimant trying to access trust assets. Here, though, I do not want to talk about “trust busting”. Instead I want to bust some trust myths. There has been

      2 min read

    • Article

      Give the Money, Keep the Tax Break with Donor-Advised Funds

      Jul 10, 2019

      I doubt many people would say that getting a deduction on their income taxes is their main motivation for charitable giving. It's more likely they've been inspired to support a cause they believe in or an organization they respect -- a children's ho

      3 min read

    • Article

      20 IRS Audit Red Flags

      Nov 14, 2019

      20 IRS Audit Red Flags
      11 min read

    • Article

      Trustees Are Accountable To The Master Of The High Court

      Jan 16, 2021

      A TRUSTEE of a trust is accountable at all times to the Master of the High Court and to beneficiaries. If trustees’ actions (a single or multiple trustees) contravene either the provisions of the Trust Property Control Act or the trust instrument, th

      3 min read

    • Article

      Give Cash Now, Cut Your Estate Tax Later

      Dec 1, 2021

      Are you having trouble finding gifts those "hard to shop for" relatives? Don't waste any more time trying to find something they might want – give 'em cash! Everyone likes money, right? Plus, giving money to family or friends can also be a smart tax

      2 min read

    • Article

      How To Add Treasury Bonds, Bills And Notes To An IRA

      May 16, 2019

      [Question]Can you purchase Treasury securities for an IRA directly from the U.S. Treasury through TreasuryDirect? How can you add them to an IRA? [Answer]TreasuryDirect.gov is intended as a way for individuals to buy securities from the Treasury and

      1 min read

    • Article

      Don’t Throw Away a $12.06M Estate Tax Exemption by Accident

      Apr 14, 2022

      The federal estate tax exemption and gift exemption is presently $12.06 million. A married couple can transfer $24.12 million to their children or loved ones free of tax with proper planning. The exemption is tied to inflation, so it will continue to

      3 min read

    • Article

      Old Decision in Tax Lawsuit Gets New Spin

      Apr 6, 2019

      A website known for spreading misinformation writes that a man who cited religious reasons for not paying his income taxes "has won an historic lawsuit against the IRS." That's misleading. One charge was dropped, but four others have yet to be determ

      2 min read

    • Article

      Tax-Free Investment Strategies

      Sep 23, 2019

      "There's one for you, 19 for me, cuz I'm the tax man" was from the first tax protest song as performed by the Beatles. You see, Britain imposed the 95% tax bracket on the Fab Four, leaving them with 1 pound for every 19 pounds paid in taxes. In the

      4 min read

    • Article

      15 Best Foreclosure Sites for Finding Properties

      Jan 6, 2021

      You may remember that foreclosures were a big part of the Great Recession. As the economy cratered, foreclosure filings soared. In the first half of 2010 alone, 1.65 million U.S. homes spun into foreclosure, according to data from ATTOM Data Solution

      3 min read

    • Article

      IRS Form W-4: How Many Allowances Should I Claim?

      May 9, 2019

      My son recently sent me a text asking, "Is it better to claim 1 or 0 allowances?" He was starting a new job that day, so I instantly knew he needed guidance on how to fill out a W-4 form. That's the IRS form you use to let your boss know how much fed

      6 min read

    • Article

      Is Your 401(k) or IRA a Sleeping Tax Bear?

      May 7, 2019

      Plenty of retirements these days are built in large part by stashing away money week by week into tax-deferred accounts, such as traditional IRAs or 401(k)s, among other options. And certainly, such accounts can provide a wonderful feeling of confid

      4 min read

    • Article

      Social Security: 8 Must-Know Facts About Your Benefits

      Jul 14, 2022

      If someone offered you a million bucks to put toward your retirement, chances are you'd want to get the best use of this windfall. But David Freitag, a financial planning consultant and Social Security expert for MassMutual, finds retirees don't thin

      5 min read

    Related categories

    Reviews for What Is the IRS and What If I Owe Taxes?

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      What Is the IRS and What If I Owe Taxes? - Heidi Duran

      TAX PROBLEM? NO PROBLEM!

      Vol. 1: What Is the IRS and What If I Owe Taxes?

      By Heidi Duran, EA

      Achievable Dream Tax Resolution, LLC

      P.O. Box 563

      Lafayette, CO 80026

      (855) MY-IRSHELP

      www.adtaxresolution.com

      For my husband, who taught me that challenges are meant to be overcome, answers are often a book away and for giving me a last name that means, Enduring.

      Thank you for believing in me.

      This Book is For…

      …anyone who has or knows someone with tax problems and is looking for the confidence and basic knowledge to overcome them. Think of this series as a homeopathic remedy for many basic IRS aches and pains. Armed with the right information, there are many things you can do yourself.

      This Book is NOT For…

      …people looking for a way to get out of paying or filing taxes. The advice and procedures herein are not meant to instruct you on how to get out of anything – rather, they are intended to instruct and boost confidence in areas that can be intimidating and confusing. Tax evasion is not condoned, nor tolerated by the U.S. Government and unless you really like creepy roommates and bologna sandwiches,

      Enjoying the preview?
      Page 1 of 1