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 | 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 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...
by jason | Nov 5, 2022 | IRS, Tax Tips, Uncategorized
When you owe back taxes and can’t afford to make any payments, then it may be time for a special tax status known as currently not collectible. This means that your debt is still considered valid even though there is no chance at recovery right now. When you’re...
by Elizabeth Holladay | Oct 10, 2022 | IRS, Tax Tips
You open up the mailbox, expecting the usual mix of bills and catalogs, but what you find is a collection letter from the IRS. It can feel like you are living in a nightmare that you can’t wake up from when you receive a collection letter from the IRS. Even worse,...
