Americans are often warned about the dangers of starting a new business. We are told that ninety percent of them fail within the first year. But even so, new businesses open each day in America. There are nearly thirty million of them, according a recent estimate by the Office of Advocacy. Most of these businesses, [...]
When we retire, we expect to be able to enjoy our golden years. After decades of hard work, that isn’t too much to ask, is it? According to the IRS, it is. The federal agency that is responsible for collecting tax revenues can garnish the Social Security checks of taxpayers who are in arrears. How [...]
Americans have always been tough and courageous. The world’s longest running current democracy has survived crises and perils in its relatively short history. The question of taxes has been a constant bone of contention. Though some residents claim that income taxes are unconstitutional, the fact is that the Sixteenth Amendment gave the U.S. Congress the legal [...]
Does the IRS have a bone to pick with small businesses? While politicians prattle on about small business being the backbone of the American economy, the Internal Revenue Service is going after them with a fervor that borders on mania. It doesn’t make much sense, since the IRS has been roundly criticized in the past [...]
An awful lot of Americans owe an awful lot of money to the federal government. Recent estimates put the total number of tax debtors at over twenty million and the total tab at two hundred billion dollars! In spite of these astronomical numbers, the Internal Revenue Service, the federal agency whose job it is to [...]
Political conspiracies are as American as apple pie. Since the nation was founded, people have been spreading rumors at a breakneck pace. Some of these rumors turn out to be true, most do not. One recent rumor that is all but undeniable at this point is that the government is desperate for fast cash. With [...]
The Department of the Treasury was established by an Act of Congress in 1789. Its raison d’etre is to manage the revenue of the federal government. This revenue is collected from tax-paying citizens on an annual basis by the Internal Revenue Service (IRS). The most feared federal agency in America has the resources and authority [...]
In the wake of what some are calling the Great Recession, the government is putting more pressure on taxpayers. In order to pay for historic budget gaps, they must collect more money from taxpaying citizens. The agency that is responsible for tax collection is the Internal Revenue Service (IRS), and they have received their marching [...]
Fifteen percent of Americans owe back taxes. That’s over twenty million people! The government agency they must deal with is the IRS. More feared than the FBI or the CIA, the Internal Revenue Service is responsible for collecting all federal taxes. Though tax debt is quite common in America, it is nonetheless serious business. The [...]