Skip to Content 
Tax disputes can be stressful and complicated. It takes time, money and energy to resolve these issues, so it is crucial to avoid mistakes that can delay or derail the process. For instance, if you wish to appeal a decision by the IRS, you may have the option to appeal. […]
Category: IRS Tax Collection
Sometimes, a change in life circumstances can affect your tax bill more than you realize. One of the most common examples of this is making the transition from being an employee of a company to becoming a self-employed person. Being your own boss requires you to take more responsibility over […]
If you didn’t file your taxes by the April 18 deadline this year, hopefully, you’ve requested an extension. An extension can give you extra time – up to six months – to file your return. It’s worth noting that for 2022, a six-month extension would push back your filing deadline […]
This is your year. Everything’s falling into place: you started dating a wonderful woman, you landed a great new independent contractor job, you got a considerable pay raise and you treated yourself to a new car. Now you’ve decided to take the plunge: you’re saying goodbye to renting, and you’re […]
Think about it: 155 million individual tax returns each year are processed by the Internal Revenue Service. That’s a lot of potential for error. When you take into account all of the people who contribute information to a tax return, that’s an incredible amount of opportunity for mistakes. Where mistakes […]
There is something known as innocent spouse tax relief which can relief one spouse from any IRS garnishment. However, there are several questions that need to be answered first. Five important questions Because of a reform of the Internal Revenue Code, the Internal Revenue Service Restructuring and Reform Act of 1998 (RRA […]
Despite the best intentions, some people are simply not ready to file their taxes when the deadline arrives. Whether a taxpayer is unprepared, willingly puts off filing, or is too stressed out by the situation to do anything at all, here are some of the consequences of not filing taxes […]
There are many ways that we may come into an unexpected windfall: an elderly aunt may leave us millions to show that she really did appreciate our kindness over the decades. Or, we may win the lottery. In this market, we may have the good fortune to sell a piece […]
A few years ago when cryptocurrency was in its infancy, tax reporting requirements were murky at best, and many who profited off of Bitcoin, Ethereum and other digital currencies did so without ever receiving a tax bill. The landscape has changed dramatically in 2021. If you have bought, sold, or […]
Constructive dividends are how the IRS classifies a common practice of a company officer, using company assets for personal gains for tax purposes. A typical scenario – in small businesses – may be the use of a company credit card to purchase groceries. In larger corporations, it could be using […]