A Trust Fund Recovery Penalty assessment is a tool the IRS uses to enforce the collection of unpaid payroll taxes. These taxes include federal income taxes and employee contributions to…
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On December 21, 2023, the Internal Revenue Service (IRS) introduced a new Voluntary Disclosure Program. This program is designed to help businesses that have mistakenly filed claims for the Employee…
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An IRS Bank Levy is one of the ways the Internal Revenue Service (IRS) can collect unpaid taxes. If you owe back taxes and have not made arrangements to resolve…
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An IRS Notice of Deficiency, also known as a "90-day letter," is a notice that no taxpayer wants to receive. It was sent to you because the IRS is proposing…
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To understand IRS lien subordination, you must first know what a tax lien is. Simply put, a federal tax lien is the U.S. government's legal claim against your property when…
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If you've been notified that your tax return is subject to an Internal Revenue Service (IRS) audit or examination, you may have received an IRS Information Document Request or IDR.…
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Getting a letter from the Internal Revenue Service (IRS) can be a source of anxiety for many individuals. One particular letter, IRS Letter 1058, frequently causes confusion and worry. It…
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Sometimes unforeseen circumstances can create financial hardships that make it difficult for individuals and businesses to meet their tax obligations. To alleviate some of the financial strain, the IRS offers…
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Facing IRS tax problems can be a stressful and complex situation, and you might think you need the help of a tax attorney. While tax attorneys can provide valuable assistance…
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Tax audits are often the stuff of nightmares for many taxpayers. The idea of the Internal Revenue Service (IRS) combing through your financial records and scrutinizing your tax returns can…
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