Yes, the IRS will automatically apply your tax refund to your outstanding tax debt if you have an active installment agreement. This happens regardless of your monthly payment plan status and is required by federal tax law. If you’re dealing with complex tax...
It depends on which type of bankruptcy you’re filing. For Chapter 7 bankruptcy, you generally don’t need current tax returns filed beforehand, but you must provide your most recently filed return to the trustee. For Chapter 13 bankruptcy, you must have tax...
Tax consultants and tax lawyers serve distinct roles in addressing tax-related matters. A tax consultant is typically a CPA (Certified Public Accountant), EA (Enrolled Agent), or other tax professional who specializes in tax preparation, planning, and identifying...
Tax preparation is the systematic process of organizing financial records, identifying deductions, and filing accurate returns to minimize tax liability while ensuring legal compliance. For individuals, effective tax preparation delivers measurable benefits including...
IRS compliance means following all tax rules, maintaining accurate records, filing proper forms on time, and keeping supporting documentation. With the Inflation Reduction Act funding tens of thousands of new IRS agents and audits expected to increase dramatically by... 
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