Grownups are not supposed to be afraid of anything. Bugbears and bogeymen are something most of us get over. At a certain age, we stop looking under the bed or in the closet for imaginary monsters. But there is one monster almost all adults fear. We are speaking, of course, about the Internal Revenue Service [...]
Getting a letter from the IRS can and often will ruin your day. The massive government agency is responsible for collecting taxes and enforcing the Internal Revenue Code. With an annual budget of over 12 billion dollars, they have the resources and the legal authority to alter your financial future, seldom for the better. The [...]
Only working people pay income taxes. So it stands to reason that when you retire, the IRS should forget about you. But like the proverbial elephant, the IRS never forgets. If you owe them money, you owe it to them until the day you die, and after you die it becomes the problem of your [...]
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 [...]