Tax Articles

4 Things To Do When The IRS Sends You A Notice Or Letter

The 2023 tax season is here! Taxpayers all over the nation are gathering necessary documents to file, collecting documentation to claim...

Caught In The California Storm? IRS Grants Filing Extensions For CA Storm Victims

Since New Year's, California has been hit with powerful storms and high winds affecting many cities and residential homes and businesses,...

6 Potential Consequences Of Having Tax Debt

If you owe taxes to the government and do not pay them, you may face serious consequences. The Internal Revenue Service (IRS) can take...

What The IRS Is Really Doing With The 87K IRS Agents They Hired.. And It's Not Just For Tax Auditing

The buzz has been going around for months ever since Biden passed the Inflation Reduction Act of 2022 into law on August 16, 2022,...

I Have State Tax Debt! What Are My Next Steps?

You've received a letter from your state tax authority and now you have two choices for settling your tax debt: pay now in full or enter...

Everything You Need To Know About Unemployment Taxes

Unemployment compensation is considered taxable income by the IRS and some states and must be reported on your federal tax return. Each...

What Is The IRS Collection Process?

If you do not pay your tax in full when you file your tax return, you will be issued a bill for the amount owed. This bill initiates the...

Understanding Innocent Spouse Relief

The term "innocent spouse relief" refers to the IRS's authority to reduce or eliminate taxes for married couples. The IRS is authorized...

What Is The Collection Statute Expiration Date (CSED)

The Collection Statute Expiration Date (CSED) marks the end of the collection period, the time period established by law when the IRS can...

What Do I Do After Receiving The CP523 Notice From The IRS?

Ignoring IRS notices is never a good idea, especially if you've already reached an installment agreement with the IRS. If you enter into...

4 IRS Installment Agreements That You Should Know About

The IRS recommends individuals pay their tax debts in full to avoid further fees. The IRS permits taxpayers who are unable to pay their...

Is Requesting For Currently-Not-Collectible Status The Right Tax Bill Option For Me?

The IRS is sending you tax bills, but you're not able to afford to pay them so the IRS threatened a tax lien or tax levy on your...

The IRS Reminds Taxpayers With Eligible Dependents That They Can Qualify For 2021 Child Tax Credit

On October 17, 2022, the IRS sent out an announcement regarding the Child Tax Credit (CTC). Taxpayers who claim at least one child as...

The Florida Motor Fuel Tax Relief Act Of 2022 Effective October 1 - October 31

The Florida Legislature passed the Florida Motor Fuel Tax Relief Act of 2022 on Saturday, October 1. The total amount of tax reduction...

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