Tax Blog

Category: Blog

Text-Image---Havent-Filed-in-Years-How-to-File-Unfiled-Tax-Returns-1200x628

Haven’t Filed in Years? How to Fix Unfiled Tax Returns

Millions of people each year have unfiled tax returns. If you have IRS tax debt, you can be sure that the IRS wants their money. However, even if you’re owed money, you still need to file your tax returns. It’s always better to file your taxes late than not to file them at all. The

Text-Image---Tax-Fraud-Ways-the-IRS-Detects-Fraud-1200x628

Wondering if the IRS will find out? Ways the IRS Detects Tax Fraud?

$496 billion. That’s the latest IRS tax gap estimate. The IRS tax gap is the difference between the amount of tax the government believes it should collect and the amount of tax actually collected.  That’s a large gap! Whether (1) illegally obtaining a relief loan under the Coronavirus Aid, Tax Relief, and Economic Security (CARES)

Understanding the IRS Trust Fund Recovery Penalty and How to Get Help

By Mia Khattar   COVID 19 has had a profound impact on the lives of business owners globally. Some businesses flourished while others crumbled under the ever-increasing struggles brought forth by the pandemic. The latter case attributed to many businesses cutting their costs in ways such as, letting go of their employees or employing more

Check to IRS for all my money

How to Get an Offer in Compromise During Covid-19 Times

By Mia Khattar, guest blogger   Covid-19 has had a profound impact on the lives of all Americans for better or for worse. Some of us may have seen positive changes in our life such as taking up a new hobby or spending more time with family. However, despite the positives, these difficult times have

Woman noting important tax filing dates in planner

What to Know About Filing Your Taxes Late & How to Get Help

Your life is in a whirlwind right now. Not only are you juggling your job and your children’s schooling, but it’s also tax season. On top of that, if you’re reading this in Spring 2020, it’s tax season during an international health crisis. In light of the coronavirus pandemic, the Internal Revenue Service (IRS) has

Paperwork for taxes

Understanding the Difference Between Tax Liens and Tax Levies

You either forgot to pay your federal income tax debt or you refused to pay your debt. Either way, now you’re in hot water with the IRS. And you can’t stop panicking. The reality is, it is within the legal rights of the United States government to collect your owed tax amount via two extraordinary

Covid19 IRS response and its tax effects

IRS’ Response to COVID-19: What Taxpayers Need to Know

The COVID-19 virus continues to spread across the world. Every affected country has implemented measures to not only curb the spread of the virus but to also mitigate the economic impact of the pandemic. The United States government has held regular press conferences over the past several weeks, updating the American people about the latest

audit by the IRS image

Getting Audited by the IRS? What to Do Next

You’ve received correspondence from the Internal Revenue Service (IRS) stating that you’ve been selected for a tax audit. Lucky you. Suddenly, your palms begin to sweat. You feel a knot in your stomach. And you wonder why you couldn’t be as lucky with the Powerball as you have managed to be with Uncle Sam. Getting

tax calculator among several tax papers

Receive an IRS Summons Enforcement? Here’s What to Do

When opening any correspondence from the IRS, it’s natural to feel anxious. This is especially true when you realize you’ve received an IRS summons. How exactly do you tackle IRS summons enforcement? And what should you do if you’re confronted with a summons enforcement hearing? Here’s a look at what IRS summons enforcement entails and

Attorney with client in meeting

How Attorney-Client Protects You During Tax Season

Perhaps you’re concerned about your tax situation—specifically, you’re worried about getting into hot water with the IRS. Enlisting the help of a tax attorney before you prepare your tax return this spring is a sure-fire way to help you navigate the process, particularly if your tax situation is complex. Your hope is that an attorney

REQUEST A FREE CONSULTATION

Ready for some peace-of-mind & to get started? We are here to help & would love to talk to you.

Scroll to Top