It could be really difficult dealing with financial hardship particularly tax issues can be overwhelming and annoying. Rather than face the situation on your own, you may want to hire someone like a tax resolution specialist to help you through the trying time. You can hire an experienced IRS tax attorney by knowing what this type [...]

IRS Penalties When Your Tax Preparer Makes Errors It's unsettling to trust someone with your taxes, only to discover errors on your return and hear those dreaded words: "IRS penalties when your tax preparer" made a mistake. Facing potential IRS penalties due to your tax preparer's actions can seem overwhelming, conjuring up worst-case scenarios. No [...]

Every year, the IRS grants taxpayers until April 15 to correctly file and pay their federal income taxes. People who cannot meet up with this deadline to file due to certain reasons can request an extension until October 15 by filling out and submitting IRS Form 4868. This extension will offer taxpayers additional time to [...]

What happens if you marry someone who owes back taxes?Spouse Owes Back TaxesIf my spouse owes back taxes am I liable?Getting married is a beautiful commitment and it certainly means sharing your life with your spouse in so many ways than you planned. You may be joining two separate households, including your finances. If you [...]

Getting a letter from the Internal Revenue Service is certainly one that drives fear down your spine. You should not panic as not all notices completely victimize you.  If you receive the Letter 6174-A, it just implies that the IRS believes you may have faltered in your taxes because you didn't report cryptocurrency transactions accurately. [...]

The IRS constantly makes announcements to create awareness and put fear into the American taxpayer. The IRS has launched over 59 campaigns to date.  Recently, the IRS announced a slate of six compliance “campaigns” from its Large Business and International (LB&I) Division, which makes it seem like they are hitting just enterprises and companies offshore. [...]

If you have already filed your taxes for this year, you do not need to panic as none of the following applies to your tax return. But if you have not filed your taxes for this year, you still have time to make sure you minimize your chances to be chosen for an audit by [...]

IRS Notice CP05 The purpose of IRS Notice CP07 is to let taxpayers know that their tax refund is being held until the IRS can complete a more thorough review of the benefits claimed under a treaty and/or deductions claimed on the taxpayer’s Schedule A. This usually happens after the IRS has received your tax [...]

Letter 2257C means “Balance Due Total to Taxpayer”. This letters 2257C are responses to your oral or written request for a pay-off amount for any balance due you have to the IRS. The total amount reflected in your letter is how much the IRS is seeking so that you can close out your tax debt [...]

CP523 Installment Agreements If you have received a Notice CP253 from the IRS, it is informing your installment agreement is going to be terminated and will seize (levy) your assets. This is probably happened due to a missed payment, for example, missing a monthly payment could the reason. Take action before your installment agreement defaults. [...]