Latest News

Last week on this blog, we talked about First Time Penalty Abatement relief. As one can see in our discussion in that post, that type of Internal Revenue Service tax penalty relief is aimed towards a very particular set of circumstances. The tax penalty relief type that we will be discussing today, reasonable cause relief, can […]

As anyone will tell you, when it comes to taxes, it is all in the details. The information you provide has to be accurate and, to the best of your knowledge, truthful. Even the smallest mistake can have massive repercussions in the form of a tax audit or a tax lien. No one wants to

Among the things a person could face in connection to a tax problem is a tax penalty. Now, in some circumstances, a taxpayer may be able to receive relief from such penalties. There are multiple forms of tax penalty relief that the Internal Revenue Service can grant taxpayers. Each particular type has its own particular

One of the things a person with a tax debt can find themselves facing is a tax lien from the Internal Revenue Service. It is important to not confuse liens with one of the other types of tax collection mechanisms the IRS has, levies. An IRS levy is a tax-related seizure of a property, so

A common desire a person can have upon discovering they are being audited by the Internal Revenue Service is a desire to get the process over and done with as quickly as they can. This is a natural response to a stressful situation, which audits most certainly can be. However, it is important for a

Physical property is not the only thing the Internal Revenue Service could issue a levy against in connection to an unpaid tax debt. Levies could also be issued against a person’s bank accounts or wages. Bank levies and wage levies can have significant impacts on what financial resources a person has access to in their

Individuals vary quite a bit in the types of emotions they experience in relation to filing their taxes. Some feel fear, such as fear of making a tax mistake. A recent survey indicates that one age group among which fear regarding filing taxes is particularly common is the millennial age group. In the survey, 80

Sometimes, when a person is done with their tax returns, they are a bit surprised by the results. In some instances, these surprises are of the pleasant variety. A person may be getting a refund that they weren’t expecting or they may be getting a larger refund than they had anticipated. Unfortunately, unexpected tax return

With the general tax filing deadline coming up soon, many people will be filing their taxes over the next couple of weeks. Whether one is filing their taxes well in advance of the deadline or is doing their taxes right before the deadline, exercising care when it comes to one’s tax returns is important. There