Dealing with back IRS tax debt can be a daunting task, but it is important to take action and address the issue as soon as possible. The Internal Revenue Service (IRS) is known for its strict enforcement of tax laws,…
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If you owe back taxes to the IRS, you may be wondering what actions they can take to collect the money from you. The truth is, the IRS has a wide range of options when it comes to collecting back…
Have you received a notice from the IRS regarding a tax debt? If so, what should your next steps be? An IRS tax settlement is one of the best ways to resolve your tax debt. Let’s look closely at tax…
We often meet with taxpayers that would like to have their tax problems solved with an offer in compromise. While an offer in compromise is an excellent way for qualified taxpayers to settle back tax debt for much less than…
If you owe taxes to the Internal Revenue Service, you are probably already aware that they are going to be aggressive when trying to collect. That said, it is important to be proactive and find ways to get the tax…
When you take advantage of the tax law’s offset game, your stock market portfolio can represent opportunities to reduce your 2022 income taxes. The tax code contains the basic rules to follow, and once you know the rules, you can…
The IRS allows taxpayers with a clean compliance record to request first-time penalty relief under the First Time Abate (FTA) policy. FTA covers penalties such as Failure to File (FTF), Failure to Pay (FTP), and Failure to Deposit (FTD). While…
Have you seen those ads on television or received email solicitations promoting a large tax credit? The large tax credit they are referring to is the employee retention tax credit (ERTC). The ERTC is a government-sponsored program to keep workers…
Working with the IRS has never been easy, and tax settlement agreements are always complicated affairs. If you are currently working to pay off your tax debt, you may wonder what the recently passed ‘Inflation Reduction Act of 2022’ has…
Filing your taxes is never a fun thing to do, but if you don’t file a return you can expect the IRS will come calling. They have the authority to file a return on your behalf, with results that typically…