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 | 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 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...
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...
