Comprehensive Tax & Legal Solutions
If you have heard of liens, levies and garnishments, you might feel like you’re stuck in a complicated mess. After all, the tax code is complicated and dealings with the IRS can seem even more so. It is important to understand what these mean, though, and to know how...
If you are facing collection action from the Internal Revenue Service (IRS), you need to take action. This is not a time for avoidance. There is typically a path to negotiation. The following tips can help you create a workable payment plan that will get you current...
An IRS tax audit is not anything a business person or individual wants to deal with. However, sometimes, an audit notice letter may arrive unexpectedly. This means the IRS has selected someone’s tax return for review. If this happens to you, there is no need to panic....
When the IRS conducts an audit of your tax return, it thoroughly examines your financial records and transactions to ensure accuracy and compliance with tax laws. After completing the audit, the IRS issues a report detailing its findings, which may include adjustments...
Tax laws and forms are complicated, especially if you’re a business owner. You understand that claiming deductions is a common practice to reduce taxable income and lower tax liabilities. However, if the IRS disallows certain business deductions during an audit or...
There are few experiences as intimidating as dealing with the IRS. The IRS can intercept your wages, seize or put liens on your property or even freeze your bank account. If you owe unpaid taxes, it is in your best interest that you figure out how to resolve the...
It’s nearly that time of the year when you have to file your taxes. You’ve likely been expecting it, but you’re not necessarily prepared for it. You aren’t alone. Tax season is often the most feared time of the year because taxpayers don’t want to know what they owe...
No one enjoys a tax audit. It can cause a lot of stress even if you are sure your books are correct. There is no guaranteed way of avoiding a tax audit. Each year, the IRS does a certain amount of random auditing in addition to those it implements because an...
Tax debt is arguably the most intimidating financial obligation a person can face because the Internal Revenue Service (IRS) has the power to take more aggressive collection actions than many other entities. Tax debts could lead to wage garnishment or government...
Individuals and businesses often seek creative solutions to alleviate their financial burden when dealing with tax obligations. One such option is the offer in compromise (OIC), a program administered by the Internal Revenue Service (IRS). An offer in compromise is a...