Category: Internal Revenue Service (IRS)

How to Stop an IRS Tax Levy

How to Stop an IRS Tax Levy

FINAL NOTICE! If you do not respond to the final notice sent by the IRS authorities within 30 days, a tax levy will be imposed on you. It is advisable to immediately respond after you receive the first notice. The IRS (Internal Revenue Service)1 website defines levy as a legal seizure of your property to ...

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IRS Tax Deductions List

IRS Tax Deductions List

The Internal Revenue Service, which is commonly known as the IRS, is a Federal agency and is also a part of the Department of Treasury. This agency is responsible for collection of Federal Tax. In the United States, income tax is collected by filing of the income tax returns. This filing is done with the help of ...

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IRS Mileage Reimbursement Rules

IRS Mileage Reimbursement Rules

The United States federal taxation system takes your car travel expenses into consideration and offers tax deductions based on your vehicle usage. If you have used a car, pickups, vans or panel trucks for business, charity or moving related travel, you are eligible for tax deduction. While filing your tax returns, ...

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IRS Mileage Rate 2012

IRS Mileage Rate 2012

They say, there are only two inevitable things in life - death and taxation. While there is no escape from the former, the impact of the latter can be mitigated through tax deductions, which you can claim for certain expenses and investments. In the USA, the rules regarding taxation are handled by the Internal ...

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IRS Debt Forgiveness

IRS Debt Forgiveness

Taking into consideration the recent economic recession, the administration has made some vital reforms to the federal tax tables. These reforms, also known as the IRS debt forgiveness act, were made to provide some relief to tax payers who were already facing the full brunt of the economic downturn. The ...

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