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5 Situations Warranting the Expertise of a Tax Resolution Specialist
Dealing with tax-related challenges can be intricate and overwhelming. When confronted with IRS issues or unmanageable tax debt, enlisting the help of a tax resolution specialist becomes crucial. These professionals are adept at guiding individuals and businesses...
read moreNavigating Tax Penalties: Strategies to Minimize and Avoid Financial Strain
Filing taxes accurately and on time is crucial to avoiding the financial strain of tax penalties and interest imposed by the IRS. This article aims to demystify the world of tax penalties, shedding light on how they accumulate and providing strategies to minimize or...
read moreTax Debt Relief and Back Taxes: Exploring Options and Eligibility
Discover How to Alleviate Your Tax Burden and Qualify for Relief Programs Taxation, while a civic duty that keeps our country running, can sometimes become a hefty burden for individuals and businesses, especially during challenging economic times. In this article, we...
read moreBusiness Owners: Owe Back Taxes? Actionable Steps for Facing IRS Debt
Entrepreneurship, you know, it's a real rollercoaster. Some years, things are looking up, and other years, well, not so much. But one thing you can always count on, like clockwork, is the IRS coming around asking for their share. Small businesses, we've all been...
read moreGig Workers on the Radar: How On Demand Workers Can Reduce Their IRS Audit Risk
As the shift from traditional employment to self-employment and business ownership continues, many workers are finding themselves in a brand new situation. The IRS has noticed the shift to gig work, freelancing and self-employment, and their auditors and agents are...
read moreIRS Puts Brakes on ERC Processing
According to the IRS, a moratorium on processing of new ERC claims through year's end will allow IRS to add more safeguards to prevent future abuse, to protect businesses from predatory tactics. The pandemic-era relief program is a refundable tax credit designed for...
read moreTax Scams You Should Be Aware of That Could Get You In Hot Water With The IRS
Tax season is universally stressful, and the escalating pressure and uncertainty can leave you wondering if you'll owe money to the IRS. Moreover, the evolving landscape of potential threats adds to the anxiety. In recent years, tax scams have proliferated, falling...
read moreUnderstanding a Notice of Federal Tax Lien and What to Do About It
Unpaid Taxes Consequences: Federal Tax Lien Explained Curious about the repercussions of neglecting your taxes? Brace yourself – a significant consequence is the federal government slapping you or your business with a legal claim known as a federal tax lien. Let's...
read moreDealing with Tax Debt: Taking Control of Your Financial Future
Facing tax debt can be an overwhelming experience, causing feelings of helplessness and anxiety. However, it's crucial not to let fear paralyze you. Delaying action only allows interest and penalties to accumulate, potentially wreaking havoc on your financial...
read moreUnexpected Tax Increases: Factors to Consider for Year-Round Tax Planning
Proper tax planning is a crucial aspect of financial management that should be addressed throughout the year. Waiting until April to assess your tax liability is a risky move. To ensure you keep more money in your pocket, it's essential to be aware of factors that can...
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