daily blog

You need a break! Students are famously broke. You have to seek flexible employment to go to school full time. This usually means a pay cut. When you finally graduate and get a good paying job, most of that income has to go towards paying off your student loans. So is there a break out there? Here are some things you can do to take the load off. 

Get the money back: School supplies are extremely expensive. The IRS gives you a break and actually lets you to deduct the following:  

-Tuition Fees

-Book Costs

-The cost of school supplies

-Laboratory fees

-Cost of correspondences courses

-The cost for formal training and research

-Transportation and travel expenses to attend qualified educational activities.

-Interest on student loans 

There are limits: The maximum deductible interest on a student loan is usually $2,500. However, this can vary. If you are filing as married filing separately, or you are claimed as a dependent, there is no deduction. 

Work Courses: A lot of jobs will require you take supplementary classes to improve performance. In some cases you can deduct the cost of the classes. The deduction will be subject to scrutiny, however. So make sure you can prove you really needed the class for work related purposes.  

Work it: The IRS doesn’t want you to know you qualify for these deductions. These days the IRS is trying to make money, not help people save money. But keep these lists in mind for when tax time rolls around. You could save yourself hundreds of dollars.

Now You Have The Smoking Gun…Use it!

Richard Close was an IRS-Hitman. He 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.

Death and Taxes: Benjamin Franklin said that the only two things we can be sure of are death and taxes. Each day, Taxpayers all across America are discovering just how true that statement is. If you’re behind on your taxes, it’s only a matter of time before the IRS catches up to you. And if you think the debt is the most of your worries, you probably haven’t even thought about the penalties and interest.

Penalties and Interest? If you are late filing, each month that passes tacks on an interest rate of 5%. That can rise up to 25%. Interest for unpaid taxes is 6% per year. That can add up very quickly, especially when you don’t file. In the IRS Hitman business, I’ve seen people with $50,000 dollars of tax debt that started at about $3000 dollars. If you don’t keep up to date with filing, your situation can jump from bad to worse almost instantly. But what happens if you’re already there?

Between a Rock and a Hard Place: You may already be dealing with a situation like this. Maybe you missed a few years of filing. Maybe you knew you were going to owe and you didn’t have the money to pay so you just didn’t file. But whatever the reason, you’ve fallen into a world of trouble. The best thing for you to do in this situation is to get help.

The Best Help: If you feel like you penalties and interest are unjust, you may qualify for penalty abatement. This is a program that the IRS offers that can remove a portion of the penalties and interest, as long as you can prove that you had a “reasonable cause” to not pay them. These include natural disaster, serious illness to family member, death of a family member, and more.

Who Can I Trust? If you need assistance getting this issue resolved, you’ll probably hear from several tax resolution companies. Picking someone to handle something as delicate as your finances is never easy. Some companies out there are built on empty promises. You need a company built on experience, knowledge, and integrity. Before doing anything with a company, check them out with the Better Business Bureau and Dun and Bradstreet.

Crunch Time: With interest and penalties, time is everything. You need to get your tax issue resolved as soon as possible. It’s not going to go away. So don’t be afraid to get the help you need. It’s about time you got back to living a normal, debt-free life.

Now you have the smoking gun…Use it!

Richard Close was an IRS-Hitman. He 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.

Busy, Busy, Busy: Always tired. Nurses are known for working very long hours. With so little free time, it’s very hard for nurses to get all their bills paid on time. It’s no surprise then, that Nurses and others in the medical field are often in debt to the IRS. But what happens when the IRS decides to get their money back no matter what?

Bye Bye, Paycheck! Nurses often work overtime. They sometimes have big paychecks. And the IRS will not hesitate to seize them! The IRS cannot take your whole paycheck (although they wish they could.) But the IRS can seize up to 75% of your pay. In addition to that horror, Wage Garnishments are ongoing. The IRS will take a percentage of your paycheck until your debt is paid.

Frozen: Goodbye, hard-earned savings! If a busy nurse forgets to pay Uncle Sam, she’ll be up for a rude awakening. The IRS has the power to freeze your bank account. You’ll have a mere 21 days to call the IRS and set something up. When time’s up, the IRS will seize all the money in your bank account. It’s not going to be easy to convince the IRS not to seize your cash. You had ample warning, and now the IRS wants the money.

Friendly Warning: As a former IRS Hitman, I know how relentless the IRS can be. I didn’t if I was calling a Nurse, a Surgeon, or Dentist. They usually had the money to pay and even if it was by force- I made sure they paid that money back. So what can a Nurse do when she owes the IRS and has no time to set up payments?

Step up to the plate: Obviously, the first step is to pay your IRS Debt on time. But if it’s too late for that, an Installment Agreement is a good option for a Nurse or anyone in the medical field. An Installment Agreement allows you to pay your IRS debt off by paying monthly. But it’s very hard to qualify for this program. You will have to list everything about your finances in detail and prove that you’ll go without basic needs (foods, clothing, work supplies, housing, transportation.) if you pay your bill in a lump sum.

Debt Free: It’s hard. When you call the IRS, they will want to discuss only one thing. And that’s when and how you’re going to make a payment in full. You may need the help of a Tax Professional. A good Tax Professional can negotiate with the IRS and set up a fair payment plan. With that out of the way, you’re one step closet to being IRS Debt Free. You’ll be able to concentrate on the thing you like. Helping people get well.

Now You Have The Smoking Gun…Use it!

Richard Close was an IRS-Hitman. He was a revenue officer who took out anyone that owed the IRS money. He left that behind and now helps thousands of Americans beat Uncle Sam and save thousands of dollars. The IRS-Hitman can help you with your tax debt problems. He has partnered with Tax Defense Network to offer free advice and tips on removing wage, bank, and tax levies; and arms you with the skills to slash your tax debt. Visit at: http://www.irs-tax-levy-hq.com Contact: http://www.taxdefensenetwork.com or call 1-888-248-9058