Have you ever wondered what happens if you don’t pay your taxes? A lot of people don’t fully understand the risk they are taking by not paying their taxes, and when I say “risk,” I actually mean inevitable problem. The IRS will eventually catch up with you, be it in a few months or a [...]
Major Fred Hackett returned from Iraq this past July after serving our country for a year in the National Guard. MAJ Hackett served as a Judge Advocate and Brigade Trial Counsel at COB Adder. He and TaxMasters’ CEO, Patrick Cox, coordinated a four day tour across Iraq which included exciting performances by musician Rick Trevino. [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]