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LifeBack Tax

Considering Bankruptcy To Get Rid Of Your Back Taxes? 3 Alternatives to Explore Before You File

Although filing for bankruptcy may seem like the only viable option if you are up to your ears in debt, that is not always the case. While it is the most optimal resolution for some taxpayers, there are alternatives to filing for bankruptcy that can achieve the same results. If you owe back taxes to […]

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LifeBack Tax

Can I Pay Installments on Federal Income Taxes I Owe If I Can’t Afford to Pay it All at Once?

Although the COVID-19 pandemic has created discrepancies for the IRS and taxpayers this year, one thing has not changed– many Americans still owe the IRS for back taxes from previous years. With so many penalties and fees adding up for those unpaid taxes, it can become difficult to pay back the full amount owed at […]

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LifeBack Tax

Tax Day Is Now July 15, Here’s What You Need To Know.

With the Coronavirus pandemic affecting the entire country, the traditional April 15th deadline to file has been extended to July 15th. It can often be tempting to put off filing your taxes until the last minute. There are many reasons why taxpayers procrastinate doing their taxes. From compiling tax documents and financial records to the […]

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LifeBack Tax

How can you avoid becoming a victim to the IRS scams?

The imposters are out in every industry with one objective: MONEY! The following are some of things that you can be aware of in order to avoid become a victim to one of these IRS Scams: 1. Do not believe that someone from the IRS is calling you. The IRS will first always send you […]