The IRS began processing tax returns Monday, January 23, 2023. This officially kicked off the tax season and we are in full return preparation mode here at Tax Debt Services. The IRS is expediting nearly 168 million returns to be filed this year, so don’t delay if you are ready to file. File, File, File […]
Tag Archives: tax return
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We are often asked, “what causes tax debt?” Easy answer: underwithholding. Debt is a topic that most of us try to avoid discussing. When we individually owe debt, there are often feelings of shame. How did I let this happen? These same emotions arise with tax debt, especially when that tax debt sticks around for […]
From about mid January through April, taxes are on everyone’s mind. Everyone is after the most prized accomplishment, a large tax refund. To many practitioners, we find this pursuit comical, as it would be better for most if they withheld less during the year and attempted to owe the less to the IRS. But that […]