IRS Settlement San Diego One of the benefits of the 2021 IRS Fresh Start Initiative is that tax payers owing up to $50,000 often become eligible for a streamlined installment agreement, which can be secured with negligible financial information and can have a settlement term of up to 72 months.  For businesses owing as much as [...]

How to Deal with Tax Scams Tax scams are one of the most usual schemes that criminals cook up. These crooks steal your personal information for different intents, ranging from posing as phony IRS agents to taking money for fake charities, tax scams can take many forms and lure hardworking taxpayers all over the United [...]

IRS Adjusted Refund Letter Adjustment Refund CP12 Meaning Going through your mail and seeing a letter addressed from the IRS can send you into a state of anxiety. You may be asking yourself a lot of questions as you slowly tear open the envelope. If you discover that the IRS sent a notice claiming they [...]

Federal Tax Lien Statute of Limitations A tax lien is a legal claim laid by the government against your property such as financial assets, real estate, and personal property. There are other collection methods that the IRS has at its disposal and this is just one of them. When your delinquent tax account is liable [...]

Every year, the IRS collects more than $2 trillion in tax revenue. In spite of this massive sum of money, the IRS will at eventually notice if you do not report your own income to the government. It may be even more enticing to avoid reporting your earnings if you are self-employed. However, before you decide [...]

IRS Tips Reporting People who work in companies or organizations as tipped employees, ought to report both their regular income and their tips from each shift as income. If you are employed as a waiter or waitress, a casino poker dealer, a valet, bus boy, or as another commonly tipped worker, it is essential that [...]

Revenue Officer Responsibilities A variety of professionals are usually employed by the IRS whose sole duty is to collect on delinquent taxes, penalties, and other monies owed to the government. IRS revenue officers play a vital role in the collection process. The revenue officers is the one who educates taxpayers on their tax filing and [...]

Form 13711 Offer in Compromise Appeal (OIC) An Offer in Compromise or OIC can significantly reduce the effect of tax burdens on taxpayers. However, the IRS puts each OIC into consideration individually and it is capable of turning down offers for different reasons. Instead of accepting the rejection as the IRS' final determination, you can [...]

Owing back payroll taxes puts you and your business in a complex situation with the IRS. Instead of hiding away from your debts, you can deal with this duty efficiently and in a timely manner by using any of the ways to resolve unfiled payroll taxes.  The Likely Effects of Unpaid Payroll Taxes  Unpaid payroll taxes [...]

There is a feeling of satisfaction in owning a business. When you own and manage your own business, you are required to be in control of every last data. This includes filing and paying your business's taxes on time without failing.  However, when you find yourself taken aback by the task of paying your business's taxes, [...]