We've probably all heard about the lengths the U.S. government will go to in order to collect unpaid taxes. This is especially the case when it comes to money held abroad. The U.S. has not only made it mandatory to disclose foreign assets of $50,000 or more, but it...
In 2014, the IRS made clear that it considers Bitcoin and other cryptocurrencies to be property, not currency. These convertible virtual currencies, or CVCs, are therefore taxed as capital gains.In other words, when you sell CVCs, exchange them for other CVCs, or use...
When people go through a financial deficit, it can make it hard to pay bills. For those who owe taxes on top of other financial obligations, it can become burdensome.Thankfully, the IRS provides the Fresh Start program to aid in resolving tax debt matters....
Many taxpayers in Georgia have questions about their tax returns. You may find the answers you need online, but in some cases, you need to reach out to the IRS privately. From there, you need to decide whether you want to pursue a tax ruling or just an opinion on...
If you owe the IRS over $52,000 in back taxes, including penalties and interest, you could lose your passport if you're not involved in a good faith attempt to resolve the debt. This is considered a "seriously delinquent" tax debt under the Fixing America's Surface...
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