The basics of tax evasion

  Tax evasion in the United States is more common than you might think. However, most people don’t know that it is a serious crime. This article will take a comprehensive look at everything you need to know about tax evasion, including what it is and the different...

IRS audit letters: What you need to know

Each year, every US citizen is required to submit their tax reports to the Internal Revenue Service (IRS). You end up either owing money or requesting a refund.  After tax day, the IRS analyzes the submitted reports, and often, that’s it. But if the system finds...

When does the IRS freeze taxpayer assets?

  The Internal Revenue Service (IRS) has a variety of methods to address taxpayers who do not file accurate tax returns or do not submit a return.  Among them, the federal agency can deny an application for a U.S. passport or revoke an existing one. The IRS can also...