Facing an IRS audit is a scenario no taxpayer wants to experience. While audits are relatively rare, the idea of being scrutinized by the IRS can be stressful. The good news? There are practical steps you can take to significantly reduce your chances of being audited....
When starting a business, taxes play a significant role in determining how and when to form your company. Small businesses and sole proprietors often avoid corporations due to double taxation but also seek to minimize the risks associated with sole proprietorships or...
Filing your taxes might not be the most exciting task on your to-do list, but waiting until the last minute can turn a simple chore into a full-blown headache. It’s easy to tell yourself, “I’ll file as soon as my W-2 comes in,” but let’s be honest—life happens....
Let’s be honest—owing the IRS is stressful, and it’s no surprise that many people avoid addressing it. Often, it’s fear of the unknown that holds people back. The truth is, ignoring your tax debt doesn’t make it go away; it only makes things worse. You might think,...
Understanding the Offer in Compromise process with the IRS can be challenging, especially when even small missteps can lead to delays or rejections. Knowing the common mistakes that people make and how to avoid them can significantly increase your chances of a...
Nobody likes owing money, especially to the IRS. But sometimes, tax season doesn’t go as planned, and you end up with a tax bill. While it may be tempting to ignore the debt or delay dealing with it, that’s one of the worst things you can do. The IRS has a long... 
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