By now the chips have fallen where they may. If you find yourself owing the IRS money on back taxes for this past year or previous years, the financial burden is certainly creating stress in your life. Unfortunately, the IRS is relentless in pursuing tax debts so there is no getting away from the letters and phone calls. And you can bet that when the IRS says they will take legal action against you, they plan to do just that. Fortunately, there are some things you can do to deal with this financial problem once and for all. End the letters, the phone calls and the stress.
If you have procrastinated and not filed one or more of your tax returns, you can still file and should do so immediately. Not filing your taxes can lead to a huge slew of issues including tax penalties and interest fees, forfeiture of any refund you are owed and you can even have a tax levy placed on your property, bank account or wages. The sooner you take action the better off you will be.
With tax day over and many Americans awaiting their refunds, you may be thinking about all the things you can buy with that check. But is it a good idea to buy the latest big-screen TV or some other item with your tax refund? Or would that money be spent better some other way? If you are looking for a more productive and responsible way to use your tax refund, here are five smart ideas for you to consider.
If you are in a position to put aside money for your children's education, one option you should look into is a 529 plan, an investment vehicle with tax advantages that are designed to save for your children's future college needs.
Filing business tax returns can feel like a major ordeal, especially if you're not great with paperwork or numbers. Don't assume you have to file in the spring. Here are the basics of business taxes, when to file and other things you should know. 
According to Time Magazine, bankruptcy filings are up 35% from the year before. Many people have found relief in short sales and debt forgiveness, but this can lead to concerns about the tax implications. Not to worry, Uncle Sam has your back when it comes to default debt resolution.
Tax changes that became part of the tax code in 2009 could eliminate your federal income tax, and in some cases increase federal tax refunds. These 2009 tax changes take the form of new tax deductions, credits and changes to existing tax rules. To save money when filing your tax return involves not only knowing what these changes are, but being aware of how to apply them to your unique financial situation.
With the lean economy, sometimes it pays to learn to do things for yourself. Like fixing a leaky faucet instead of calling a plumber. Or changing your car’s oil yourself. 
you actually have to pay into the IRS. Not long after, the disappointment may be replaced by the fear you can not afford to pay your taxes back, especially in a lump sum with your prepared return.
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