Tax Tips
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First-Time Penalty Abatement: IRS Relief for Tax Penalties Explained
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...
The Taxpayer Advocate Service: Your Ally Against IRS Problems
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...
Gig Workers on the Radar: How on Demand Workers Can Reduce Their IRS Audit Risk
As the shift from traditional employment to self-employment and business ownership continues, many workers are finding themselves in a brand-new situation. The IRS has noticed the shift to gig work, freelancing and self-employment, and their auditors and agents are...
Tax Scams You Should Be Aware of That Could Get You in Trouble With The 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...
IRS Payment Plan Options
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...
What is the IRS Notice CP14?
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...
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