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What Happens If You Ignore Tax Debt?

2024-03-20T19:07:49+00:00

What Happens If You Ignore Tax Debt? Paying taxes and, if necessary, finding solutions to your tax debt are essential aspects of managing your finances. Ignoring tax debt can lead to serious consequences with the IRS and other agencies that can impact your financial stability and future. But you can keep your situation from potentially [...]

What Happens If You Ignore Tax Debt?2024-03-20T19:07:49+00:00

Injured Spouse vs Innocent Spouse

2023-11-28T17:24:55+00:00

Injured Spouse vs Innocent Spouse Tax Relief for Spouses Receiving a notice indicating that you owe additional tax on a joint return can be a bit scary. Fortunately, when the IRS mails out this notice, commonly known as the Notice of Offset, it includes clear instructions and enough information to help you understand whether you [...]

Injured Spouse vs Innocent Spouse2023-11-28T17:24:55+00:00

Income Tax Audit Penalty

2023-11-30T12:09:50+00:00

There's always the risk of an audit, and if you're discovered to have lied about your income, tax audit penalties can be severe. The penalties vary from severe fines to criminal charges, and you may be buried behind a pile of paperwork.Find out what happens if you are audited and can't prove you filed your [...]

Income Tax Audit Penalty2023-11-30T12:09:50+00:00

Filing Taxes After Moving States

2023-11-30T12:00:40+00:00

Have you relocated within the last year? If this is the case, it is critical to understand how your relocation may affect your taxes. While moving to another state is unlikely to have an impact on your federal taxes, it may have an impact on your state taxes. If you haven't moved but live in [...]

Filing Taxes After Moving States2023-11-30T12:00:40+00:00

CP504 Form

2023-11-30T12:02:45+00:00

The Internal Revenue Service (IRS) has a single mission as a branch of the federal government: it collects and accounts for all tax monies owed to the government. The IRS gets all of its authority from the United States Tax Code, and all actions are carried out through a variety of notices and forms. One [...]

CP504 Form2023-11-30T12:02:45+00:00

IGNORING THE IRS NOTICE OF DEFICIENCY | Old Forge New York

2023-11-30T11:58:18+00:00

IGNORING THE IRS NOTICE OF DEFICIENCYThe IRS notice of deficiency is a legal willpower by the IRS of a taxpayer’s tax deficiency. It is an authorized written claim that a taxpayer owes additional income tax (and often interest on that amount, as well as additional penalties). It is issued when the IRS recommend a change [...]

IGNORING THE IRS NOTICE OF DEFICIENCY | Old Forge New York2023-11-30T11:58:18+00:00

IRS Sent me an Adjusted Refund Amount of $0.00 – What does this mean?

2023-11-30T12:04:25+00:00

Receiving an adjusted refund Notice by the IRS Can Be Confusing Receiving an adjusted refund of $0.0 can definitely be confusing and raise questions. Don’t worry, this doesn’t mean you are in trouble. When the IRS makes an adjustment like this, it can mean the IRS made a math error, there is an outstanding debt, [...]

IRS Sent me an Adjusted Refund Amount of $0.00 – What does this mean?2023-11-30T12:04:25+00:00

The IRS Solution To Tax Liability | Tallahassee, Florida

2023-11-30T09:22:46+00:00

The IRS Solution To Tax Liability Having a full understanding of the basic underpinnings of your taxes gives you the opportunity to develop better financial literacy. In this regard, you can more precisely expect what taxes you will owe at the end of the year, instead of being met with an unpleasant shock in the [...]

The IRS Solution To Tax Liability | Tallahassee, Florida2023-11-30T09:22:46+00:00

APPEALING IRS TAX PENALTIES | Jacksonville Florida

2023-11-30T11:36:55+00:00

Appealing IRS Tax Penalties Any kind of mail received from the IRS, with the exception of your long-awaited tax refund, can be a disturbing experience. It could likely be that you didn’t file your taxes on time, or maybe you have an outstanding tax bill that needs immediate payment. Either way, the IRS has hunted [...]

APPEALING IRS TAX PENALTIES | Jacksonville Florida2023-11-30T11:36:55+00:00

What to Do If You Owe the IRS and Can’t Pay | Tampa Tax Relief

2023-11-30T11:41:22+00:00

What to Do If You Owe the IRS and Can’t Pay The IRS would prefer working with you to ensure you’re meeting your legal obligations than punish you regardless of their status as a federal institution that instills fear and collects debt. If you’re in a state where you’re unable to pay your tax debts, [...]

What to Do If You Owe the IRS and Can’t Pay | Tampa Tax Relief2023-11-30T11:41:22+00:00