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How to Tell Whether Communication from the IRS is Real or a IRS Tax Scam

Tax identity thieves are paying attention. They listen to the Internal Revenue Service (IRS) warn the public that the agency will not call or send emails to discuss tax issues. Instead, the IRS always first contacts taxpayers via old-fashioned snail-mailed letters. So, that’s what tax criminals are doing now, too. In fact, even the IRS […]

Trump’s Proposed Tax Policies and How They Affect You if You Owe Money to the IRS

Donald Trump’s tax proposal is detailed, but it doesn’t necessarily match what he said it would do. He proposes a three-bracket system – with rates of 12 percent, 25 percent and 33 percent – down from the current system, and the removal of the head-of-household tax-filing category. The standard deduction would be $15,000 for single […]

5 Character Traits to Look for When Retaining an IRS Tax Specialist

Clients expect their IRS tax specialists to boast a degree of precision and have great organization skills, but there is more to being an exceptional tax preparer than these two traits. The most successful IRS tax specialists tend to have vast amounts of practical knowledge, and they are simultaneously extremely precise with a sharp eye […]

Happy New Year from Highland Tax Group, Inc.

Hello!! I hope everyone is having a great start to 2017. I wanted to write today to thank each and every one of you, who have assisted or helped in some way, to make my business more successful in 2016. Not only was my business more successful, but I was also more successful on a […]

The 20-Mile March: A Powerful Way of Thinking About How to Pay Off a Substantial IRS Debt

You’re in debt to the IRS. Whether you owe $5,000 or $50,000, the fact remains the same – they want your money, and there is no way around it. When bills are piling up, the mortgage needs to be paid and the holidays are quickly approaching, any IRS debt can feel significant, and you’re now […]

The Modernization of the IRS Offer in Compromise Process: What’s Happening and What it Might Mean for You if You Want an OIC!

The Internal Revenue Service (IRS) will make all IRS offers in compromise cases available online instead of just having hard copies available at local offices, according to a new report from the Treasury Inspector General for Tax Administration (TIGTA). Following several high-profile scandals throughout the early 1950s, the IRS was forced to provide the public […]

First Time Penalty Abatement Accepted Saving Client $35,000!

Our client came to us this summer with a hefty tax liability, (over $125,000) along with IRS penalty and interest charges, stemming from a broken relationship. She mentioned her now estranged husband managed to cash in most of their joint retirement accounts, not pay the tax, and then proceed to file separately from her. Thus […]

IRS Offer In Compromise Saves $20,000!!

Our client came to with a tax bill totaling just over $22,000. He needed to file a few tax returns and also needed to deal with the outstanding issues facing him from the IRS. He was scared, unsure as to where to go, and moreover what to do about his IRS tax situation. He knew […]

On an Installment Plan to Pay the IRS? Here’s 5 Things You Need to Know

You negotiated an installment plan with the IRS, and they have been leaving you alone. As long as you continue to make that payment, IRS calls and letters are on hold, and everything is okay. To keep things running smoothly throughout the length of your installment plan, here are five things to keep in mind: […]

7 Statistics about the IRS Self-Employment Tax

IRS self-employment allows for an element of freedom and independence rarely enjoyed in the standard workforce. However, there are definite downsides, including a much higher tax rate. Highlighted below are a few things you should know about the IRS self-employment tax: IRS self-employment taxes are based on approximately 92 percent of self-employment income. This reduced taxation is […]