FROM OUR BLOG

How Do Penalties and Interest work at the IRS?

April 15 is the officially recognized deadline for most taxpayers to file their tax returns and pay the IRS any tax that is owed. When processing these individual tax returns, the IRS examines each for mathematical accuracy and any other errors. At the completion of processing, the IRS will send a bill for any tax, […]

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Owe $50k or Less in Tax Debt? The IRS Fresh Start Program is for You!

The Fresh Start Program is a way the IRS helps taxpayers tackle their outstanding tax debt. This program has been available since 2011, with more refinements made over time. Overall, the program represents important changes in how the IRS evaluates and processes payment options and agreements. The basic premise is that most individuals with $50,000 […]

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Why Do So Many Offers in Compromise Get Denied?

An Offer in Compromise (OIC) is an agreement made with the IRS that settles your tax debt for less than the full amount you owe. An OIC can be a powerful way to reduce your tax debt to something you can manage. Offering an acceptable offer in compromise requires loads of work to find the […]

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What is Innocent Spouse Relief?

A large number of married taxpayers file a joint tax return in order to reap certain benefits allowable under this filing status. […]

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How to Fight Back When the IRS Says You Owe More Taxes

You are certain your taxes were paid in full. Then why is the IRS claiming you owe more? […]

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What Sets Reliance Tax Group Above the Rest?

Tax firms abound. Perform a Google search for ‘tax specialists’ near you and view the results. […]

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