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 [...]

 It takes a great deal of professionalism for your tax expert to prepare your tax returns accurately and without mistakes. When errors occur, however, this might get you wondering how they can affect you as a taxpayer and the steps you ought to take to remedy them. You can avoid serious IRS penalties and fines [...]

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 [...]

If 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 did not discuss it before you gave your consent in marriage [...]

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 Letter Holding Refund for ReviewThe 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 [...]

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 [...]

IRS Notice 0757cInstallment AgreementsIRS letter 0757C informs taxpayers that their installment privilege (agreements) has been terminated. Installment agreements are used to repay taxes owed to the IRS. United States Taxpayers who fail to file a tax return or fail to pay taxes by the deadline are subject, by law, to penalties assessed by the IRS. [...]