While having any debt can stress you out, owing money to the IRS can become a nightmare if you don't understand the potential ...

The IRS can issue you a warning if you owe back taxes, but what’s next? Fees, fines, and penalties? The short answer: Maybe.

They also may file a return in the victim’s name and snatch the refund. Another scary tax-time scam involves so called, “ghost preparers.” They will take care of the return, but they won’t ...

Every taxpayer can take advantage of strategic tax planning to avoid overpaying on taxes. But as these methods become more aggressive, the line between legal tax avoidance and illegal tax evasion ...

Michael, from North East Lincolnshire, said his own “scary” dealings with bailiffs began only a few months after he ran into trouble with a council tax payment. The 25-year-old’s nightmare ...

I was terrified of taxes when I started my first side hustle. I don't know which was worse: the anxiety-fueled dread that kicked in each time I thought about managing my freelancer taxes or the ...