Tax Tips
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What to Do If You Receive a Collection Letter from the IRS
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,...
The 2022 Inflation Reduction Act: How Will It Impact You If You Owe Money to the IRS?
Working with the IRS has never been easy, and tax settlement agreements are always complicated affairs. If you are currently working to pay off your tax debt, you may wonder what the recently passed 'Inflation Reduction Act of 2022' has in store for you. There has...
5 Critical Reasons to Hire a Tax Resolution Professional
Dealing with tax issues can often be a challenge and feel overwhelming for many people. Choosing to work with a tax resolution professional is often an excellent choice if you are dealing with the IRS. These tax relief specialists can guide you throughout the entire...
BREAKING NEWS! TAX RELIEF IS COMING
The IRS has authorized widespread AUTOMATIC penalty relief for certain 2019 and 2020 tax returns due to the pandemic resulting in $1.2 billion in penalties being refunded to 1.6 million taxpayers! To help struggling taxpayers affected by the COVID-19 pandemic, the IRS...
IRS Sends Erroneous Bills (CP14)
On July 27, 2022, The IRS issued a statement regarding erroneous tax due notices that have been sent to thousands of taxpayers. The statement is as follows: The IRS is aware that some payments made for 2021 tax returns have not been correctly applied to joint taxpayer...
Small Business Owner: Owe Payroll Taxes? Here’s What to Do
Unpaid payroll taxes are a serious matter to the IRS and are some of the worst kinds of back taxes you can owe. If you’re a small business owner with a payroll tax problem, read on to learn what you can do to avoid the IRS crippling your business or worse, shut your...
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