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…
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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…
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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…
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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…
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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…
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To help struggling taxpayers affected by the COVID-19 pandemic, the IRS is providing penalty relief to most people and businesses who file or filed certain 2019 or 2020 returns late. This includes nearly 1.6 million taxpayers who will automatically receive…
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Dealing with tax issues can often be a challenge and feel overwhelming for many people. Choosing to work with a tax resolution specialist is often a great choice if you are dealing with the IRS. These tax relief specialists can…
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We regularly receive emails from taxpayers with questions regarding their IRS tax problems. Since many taxpayers face similar issues, we have decided to share one question and our response on a monthly basis, in the hope it can help others…
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Do you own investment property or a small business? Sooner or later, you will probably want to sell. One of the downsides of selling a business or investment property is the huge tax bill at the end. Profits are likely…
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Although the economy has improved, we still receive a steady stream of phone calls from business owners throughout Palm Beach, Broward and Miami-Dade counties needing help resolving payroll tax problems. When facing a cash flow problem the owners of a…
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