Why do people owe the IRS? Identity Theft.
Identity Theft is a Big Deal with Billions of dollars per year being paid out in fraudulent refunds. So you file your tax return and everything seems fine. What...
Month: January 2016
Why do people owe the IRS? Failure to file
What happens when you fail to file your tax returns? Every year the IRS receives W-2s and 1099s representing wages and other incomes which you have received. Th...
Why do people owe the IRS? Under Withholding & Retirement Accounts
If your employer is withholding money for income taxes from your check how do you end up owing the IRS. Your employer withholds based on the information you pro...
Why do people owe the IRS? Self Employed part 2
So the Self Employed can owe the IRS because they didn’t make sufficient Estimated Tax payments. The Self Employed use a Schedule C to declare their incom...
Why do people owe the IRS? Self Employed
I am an Enrolled Agent and have represented hundreds of people with Power of Attorney before the IRS. This had led me to think about why people owe. Today we...