An offer in compromise can be a game-changer if you are struggling with unpaid taxes. Many people feel overwhelmed by tax debt and don’t realize real help exists. One powerful solution is settling your taxes for less than the full amount. This is exactly what an...
A tax break can be one of the easiest ways to lower what you owe to the government. Paying taxes is a part of everyday life, but that doesn’t mean you should pay more than necessary. Whether you are an individual, a business owner, or simply planning your finances,...
A tax preparer specializes in calculating, preparing, and filing income tax returns for both individuals and businesses. There are different types of tax preparers—some hold certifications from professional organizations, while others do not. Knowing their credentials...
If you’re concerned about a tax audit and its consequences, you’re not alone. Failing an IRS audit may lead to penalties related to your tax return. Though it can be a stressful situation, the impact of a tax audit doesn’t always result in disaster. The...
No matter if you’re a business owner or an individual taxpayer, receiving a tax audit notice from the IRS can be an unsettling experience. In the 2023 fiscal year alone, the IRS audited 582,944 tax returns, uncovering nearly $31.9 billion in additional taxes....
Missing an IRS installment payment can lead to serious repercussions. The IRS will send you Notice CP523, notifying you that your installment agreement is at risk of termination if you don’t act swiftly. In addition to missed payments, your agreement can be revoked if... 
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