Expert Tax Relief Blog


When and How to File FBAR or First Time FinCEN 114 Forms

Many of us have forgotten a deadline or two throughout our lifetime, but the dates we absolutely do not want to miss are the filing deadlines for the Internal Revenue Service (IRS). Mainly because the Financial Crimes unit of the Treasury Department and the Justice Department are on the hunt for people who have neglected [...]

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Truckers May Face Tax Trouble Due To HVUT 2290

More than two years ago, the Internal Revenue Service (IRS) gave those in the trucking industry, what appeared to be, a tax break. Now, years later, the law is becoming a problem, according to the American Trucking Association's State Laws Newsletter. "A break the IRS gave to trucking over the filing of the Heavy Vehicle [...]

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This Small City Owes the IRS $90,000

The city of Bull Shoals, Arkansas owes the Internal Revenue Service (IRS) big bucks, but the amount of money owed seems to be up for debate. "Mayor Bruce Powell says the city doesn't know the exact figure owed for funds not paid on employee payroll withholding. The money, according to Powell, has been withheld from [...]

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Illegal Alien Owes Uncle Sam $22 Million in Back Taxes

Being a non-U.S. citizen does not mean you do not have to pay taxes. At least that is the case for illegal immigrant Lee Ang who owes the Internal Revenue Service (IRS) $22 million in back taxes, interest and fines. To most people, Ang seemed to have achieved the "American Dream" - he was a successful [...]

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Taxes On Marijuana Sales May Be Useful for Denver

Colorado has become a test tube of sorts for the legalization of marijuana. Americans are watching from afar, as Colorado brings in millions of dollars in tax revenue for their state each month. “From the single month of January 2014, the city of Denver is expected to receive 3.5 million in tax money generated from [...]

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Wedding Season Tax Tips

With the average wedding costing almost $30,000 before the honeymoon, it is understandable why many brides and grooms are looking for ways to save money. While it is not guaranteed that the photographer and wedding cake will come cheap, you may be able to deduct some of your wedding expenses and save some cash when [...]

Times Are Changing: Watch Out for These Tax Scams

Taxes look much different than they did before World War II. Tariff and excise taxes, now have been replaced by income and payroll taxes. Additionally, federal and property taxes have become less important to state and local governments than they once were. Just as the tax landscape has changed throughout the decades, so have tax [...]

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Learn From Conan O’Brien and Pay Your Tax Debts

Famous talk show host and comedian Conan O'Brien has had his home removed from a Rhode Island auction, after finally paying the back taxes he owed on the property. It was reported that 51-year-old O'Brien, known to fans as ‘Conan' paid his $8,000 debt on Friday of last week. "The property near the Westerly shore [...]

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Toby Keith’s ‘I Love This Bar’ Comes Clean and Settles Tax Debts

When Toby Keith's I Love This Bar & Grill paid back taxes owed to New York last week, they finally were able to wipe their slate clean. As reported earlier this season, Toby Keith's I Love This Bar & Grill location at Destiny USA mall in New York owed more than $250,000 in sales taxes to [...]

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Tax Tips for Those New To Self-Employment

Today it is easier to start a business more than ever before. Business resources have flooded the Internet, and business gurus, brand experts and accountants offer business owners free advice on blogs and social sharing sites. With access to such knowledge, it is not surprising that businesses by self-starters are popping up everywhere, from Etsy [...]