by Elizabeth Holladay | Jan 9, 2025 | Business, IRS, Tax Tips
Facing tax penalties? The IRS offers relief through its First-Time Penalty Abatement program, designed to help eligible taxpayers reduce penalties for late filing, payment, or deposits. What Is First-Time Penalty Abatement and How Does it Work? The First-Time Penalty...
by Elizabeth Holladay | Jan 2, 2025 | IRS, Tax Tips, Updates
Dealing with tax issues can be overwhelming. When the IRS sends letters or collection actions seem unavoidable, taxpayers often feel stuck with no way forward. Thankfully, there’s a free, independent resource available to assist you—the Taxpayer Advocate Service...
by Elizabeth Holladay | Sep 13, 2023 | IRS
Tax filing season is a source of stress for just about everyone. That extra stress and uncertainty ramps up and up, and you never know if you must write a check to the IRS. You also do not know which threats will loom, and that lack of knowledge could put you at real...
by Elizabeth Holladay | Jun 9, 2023 | IRS, Tax Tips
There may be times when taxpayers cannot pay what they owe in full, but remember the IRS has numerous payment plan options available. The only problem many of our clients have ran into is their system is glitchy and cannot always verify your identity. If you have run...
by jason | May 11, 2023 | IRS, Uncategorized
Balance Due Season is here and we have some interesting news coming out of the IRS this week! Every year the IRS sends taxpayers who filed a return that year, and owe, a balance due notice as statutorily required after tax season. Recently Darren Guillot (IRS Deputy...
by Elizabeth Holladay | Mar 6, 2023 | Business, IRS, Tax Tips
Tax season can be an unpleasant time of year for a lot of taxpayers, especially if you owe money to the IRS or State. The one thing you can do is, be proactive, prepared, and engage a tax resolution specialist to help guide you. If you owe back taxes to the IRS, then...
