BLOGS

What should you do if the IRS comes looking for you?  Should you fear being contacted by the Internal Revenue Service? Not if you’re an informed taxpayer who knows your rights and responds to the first notice you get from them. The nightmare scenarios you hear about stem from situations that get out of hand…

It’s an interesting way to deal with backlogs; how are taxpayers affected Imagine that your job involves the processing of huge amounts of paper records. Now imagine you find yourself backlogged for various reasons, some out of your control. Yet your pending file won’t stop stacking up. You’re going to drown in the paper if…

2020 was one of the strangest years in modern times. The pandemic caused millions of people all across the world to take a step back, minimize their lives, and spend an immense amount of time cooped up inside their homes. The year came with a unique set of challenges that spanned everything from financial difficulties,…

One of the biggest tax changes that was made this past year is the adoption of a new child tax credit that can be claimed in monthly amounts or at an annual level. This tax credit comes after a flurry of new initiatives aimed at helping low to middle-class households bounce back after the financial…

Running a business is extremely difficult, especially when it comes to tax information for domestic and international business transactions. This complexity is only further compounded when you consider that many companies are formed as partnerships, with each member of that partnership having to file and claim their share of the tax liability. In order to…

2020 and 2021 have thrown a lot at all of us. From the world shutting down due to the COVID-19 pandemic to us moving into the “New norm” of how we do business, things have changed at a breakneck pace. The IRS has done its best to keep up with the constant changes from the…

2020 taxes were some of the most difficult to prepare in years. With so many updates and changes to the tax code due to the COVID-19 pandemic, millions of Americans found themselves confused by these last-minute updates. Even some tax preparers had trouble keeping up.  All of this has led to what will likely be…

Dealing with the IRS can be difficult, and when most people receive something from the IRS, an immediate panic sets in. That feeling of panic is something that scammers have taken notice of, and year after year, we have seen thousands of scammers trying to grift millions of dollars from the taxpaying public.  There are…

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…

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…