No one enjoys dealing with a tax audit. But each year, thousands of people are selected for review. The IRS checks tax returns to find errors or missing information. This applies to both individuals and business owners. Audits often happen when the IRS spots something...
A tax settlement is a legal agreement that allows a taxpayer to resolve their debt for less than the total amount owed. This arrangement is typically considered by tax authorities when a person faces financial challenges that prevent them from paying the full amount....
Consulting with tax lawyers is a smart first step when considering an Offer in Compromise to resolve tax debt issues. The Offer in Compromise program gives taxpayers the chance to settle IRS debt for less than what they owe. However, understanding how this process...
Filing your tax return and organizing your tax documents every year can be an anxious process, especially when you worry about making mistakes. Many people dread the idea of their tax documents being scrutinized by the IRS. If your return gets flagged for review, it...
Tax return mistakes happen more often than you think. The good news is they’re completely fixable. The IRS created Form 1040-X specifically for taxpayers to correct errors. This form helps you fix mistakes on previously filed returns. Common tax corrections...
Tax liens happen when you owe money to the IRS. These liens give the government legal rights to your property. Filing and paying taxes on time prevents these problems entirely. Many people struggle with tax payments and accumulate debt over time. The IRS responds by... 
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