Thursday, July 2, 2009

Paying the IRS Back - The Truth About Your Options

The IRS took my tax refund for this year and applied it to my tax debt. The thing is the debt doesn't seem to be going down any. Am I just crazy or is something fishy going on here?

You're not crazy, but the IRS doesn't exactly play fair when they apply money to your tax debt. Basically the IRS applies the money to the penalties and interest first, and if there's any money left over that goes towards the principle. It's the same with an IRS payment streamyx broadband package Your payments always go towards the penalties and interest before it goes to the principle.

Why can't I just pay the principle on my IRS tax debt and be done with it? Why dsl internet service I dial up internet providers to pay interest and penalties on something that streamyx 118 even a loan?

Like any other debt the IRS gets to assess penalties and interest on your tax debt. The penalties are for not paying off your debt and the interest gets added on top of that. The IRS claims this encourages people to pay off their debt faster, but it can feel like they're doing it so you'll never pay off your debt, and the IRS will be collection on your tax debt forever.

I'm already streamyx speed test a payment plan with the IRS and I haven't missed a payment. If I've already agreed to a monthly payment amount why garmin malaysia the IRS still take my tax refund?

Even though you're paying them every month that tax refund belongs to the IRS until your debt is paid off. The IRS can apply your tax refund to any tax debts business internet connection have before you'll even see it. Better luck next year.

I received a lump sum disability payment after fighting 4 years to get it. The IRS knows I'm on disability and they know what my normal income is. So why is it that I get pushed into a higher tax bracket and now owe the IRS because the government held back my disability payments?

That does seem unfair, but unfortunately disability is taxable income and there are no special deductions or credits available for that. And since it is taxable income it does put you into a higher tax bracket for that tax year.

Now you have the smoking gun...Use it!

Richard Close was an IRS-Hitman. About Streamyx Combo with WiFi@Home worked as a revenue officer for the IRS and his father was the head of the collections branch for 30 years; so it runs in the family. He left that behind and now he's partnered with Tax Defense Network to help thousands of Americans with their tax problems. He gives the tips and tricks for you to fight the IRS and win! Visit him at: http://irs-hitman.blogspot.com or http://www.taxdefensenetwork.com, or contact: email irs-hitman@taxdefensenetwork.com or 1-888-248-9058.

I do some paid posts on my other blogs and I know some friends who are into it also. But lately, we have noticed a downturn in the paid posts opportunities in the various paid post sites.

Could this be a sign that it is coming to an end? Some people have predicted that this type of monetizing blogs is just a fad and will not last very long.

There are some indications that this could be right. For speed of broadband thing, I have read that Google abhors this activity because Google believes that the majority of paid posts are written poorly and do not really provide any value. I personally believe that the search giant is going to make some changes in its algorithm so they can limit blogs with such paid posts from appearing in the top search results, or even in the results at all.

Has this already happened? Can anybody tell me if it has?