BLOGS
What Should You Do If You Owe $10,000 Or More To The IRS?
If you have been notified by the IRS that you owe over $10,000 or more in back taxes, you need to act quickly and decisively. Within four to six weeks of receiving a notice like this, the IRS can escalate your balance due to collections where they will take action against your assets and/or your…
What Can You Do If Your Property Has Been Seized?
There are several steps that both the Federal and State taxing authorities can take to recover delinquent taxes. One of the most drastic and jarring ways that your debt can be collected is through property seizure. With everything from wages to bank accounts to investments to real estate, you could find yourself in a bind…
COVID-19 Tax Penalty Relief
2020 was a tough year for all of us. The COVID-19 pandemic turned our world upside-down, with millions of Americans losing their jobs, becoming displaced, or being quarantined and working from home. The pandemic made every aspect of life more difficult, and taxes were not exempt from those changes and difficulties. The new relief provisions…
New Identity Theft Risks To Watch For In 2021
We all live in fear of having our identities stolen and used against us, incurring enormous costs and headaches along the way. The reality is that even though identity theft is down year over year, the costs of these threats keep going up. We have watched as over the years cybercriminals have become more effective,…
Business Tax Updates For 2021
Let’s be honest, 2020 threw all of us for a loop. From sudden and drastic changes to the way we live to financial strains put on all of us from the COVID-19 pandemic, many of us have been left reeling from the sudden upheaval. The tax code and tax laws for businesses were far from…
What To Do If You Receive A Letter From The IRS
We’ve all heard the horror stories, and most of us live in fear of finding the dreaded envelope from the IRS lingering in our mailbox. The IRS sends out letters for a number of different reasons, but the most common letters deal with inconsistencies that the IRS is trying to clarify or a balance due…
Changes To Payroll Taxes For 2021
With everything that has happened in 2020, it is hard to think about what could possibly be on the horizon for 2021. Although there may be no way to prepare for the curveballs that may be ahead of us as we rise through the end of the COVID-19 crisis and the economy begins to bounce…
The Art Of An Offer In Compromise
The IRS is an intimidating governmental body; believe us, we get it. As far as intimidating governmental agencies go, the IRS has to be in the top three. We often ask ourselves, “Why do people find themselves so intimidated by the IRS?” For millions of Americans, the IRS is intimidating because they are so inaccessible…
The Benefits Of Choosing An Enrolled Agent
Tax law is super involved and difficult to understand, and if you have found yourself in a bind with the IRS, you need to take the time to choose the right team to represent you or your company. There are a lot of tax practices to choose from, but the reality is that most companies…
The Inside Out Tax Difference
Taxes can be overwhelming enough in a normal year, but throw in all the craziness of 2020 and the potential complications that could come along with all of the frantically passed legislation, and you or your company’s tax issues can be more difficult than ever. When taxes get overly complicated, and problems arise, you need…