Are You Audited by the IRS?
In order to stay compliant with the IRS you need to file your tax return on a yearly basis. People with complex tax situations, or that are simply a bit unlucky, could end up facing an audit from the IRS.
Tax Trouble in 2020 – What Are Your Options?
Nobody likes to be in tax trouble, it is rarely a good thing when you receive a letter from the IRS. One of the worst missives to get from them is called CP90 – Final Notice Before Levy. It is a final warning shot to scare you into paying up and should not be ignored at all – a clear sign of tax trouble.
What Is An Offer In Compromise? Tax Resolution And Your Finances
Owing money to the IRS can be scare to say the least. It is easy to feel helpless in such a situation but you should not let fear and feelings of helplessness freeze you into inaction. There are ways to manage the storm with the proper help of a tax resolution firm, for example Offer in Compromise.
What Is Currently Not Collectible Status From The IRS?
If the IRS agrees you can’t both pay your back taxes and cover your reasonable living expenses, it may place your account in Currently Not Collectible status. It’s based on your current financial situation.
What To Do If You Have Unfiled Tax Returns
No one likes filing their taxes, but not filing them at all is the worst idea. The IRS is a powerful collection agency, and an unforgiving one. Getting on the bad side of the tax agency is not fun at all, and having years of unfiled returns is one of the worst moves you can make.
8 Reasons To Work With A Tax Resolution Professional To Resolve Your Back Taxes
When you owe money to the IRS, it is hard to think about anything else. While being in debt is never fun, no matter who the creditor is, the IRS in fact have almost unlimited power to collect the money they are due. Let us tell you about options to resolve your back taxes.