Posted on June 11th, 2025.

Sometimes assets can diminish in value or disappear entirely, leading to potential issues with the IRS.

This phenomenon, known as dissipated assets, can occur due to various reasons, such as misuse, negligence, or mismanage…

Posted on June 10th, 2025.

An IRS appeals hearing can feel daunting, but it’s also a valuable opportunity to resolve tax disputes without stepping into a courtroom. If you've received a notice from the IRS to attend an appeals hearing, the key to succes…

Posted on May 13th, 2025.

You're running your business, managing day-to-day activities, when suddenly, you're faced with a financial surprise that seems daunting—a bank levy freezing your account, capturing your attention with its icy grip on your fina…

Posted on May 08th, 2025

Dealing with tax debt can feel overwhelming. Whether you owe a small amount or a significant sum, finding the right resolution option is essential to avoiding penalties, interest, and enforcement actions from the IRS. Fortunatel…

Posted on April 7th, 2025.

Dealing with tax debt can be a significant source of stress, particularly when the timeline for IRS collection efforts is unclear. Fortunately, the IRS operates under a statute of limitations, which restricts the time it must …

Posted on March 21st, 2025.

In the world of taxes, the thought of being hit with penalties can be daunting. However, there is a little-known solution that can effectively ease this burden: penalty abatement. With penalty abatement, you can correct mist…

Posted on February 21st, 2025.

Think about the feeling you get when you open your mailbox and spot a letter from the IRS. That initial jolt might range from surprise to worry, and that's perfectly normal. After all, getting audited isn’t about meeting …

Posted on January 23rd, 2025.

The beginning of a new tax season can bring a mix of anticipation and anxiety for business owners. As they navigate through the complexities of their business, it is important to plan and strategize for the 2025 tax prepar…

Posted on December 23rd, 2024. 

Every small business owner knows the weight that settles in your stomach when tax season comes around and tight budgets clash with looming obligations. It's a stressor that can dominate your thoughts and inputs unexpecte…

Posted on November 26th, 2024.

Navigating the world of taxes and the IRS can be daunting for small business owners. However, understanding the dynamics of IRS collections and implementing proactive measures can transform this experience into a tool for…

Posted on October 24th, 2024.

Managing back taxes can seem like a daunting task, with various factors and unexpected circumstances adding to the complexity. However, by understanding the root causes and seeking professional guidance, it is possible to …

Posted on September 26th, 2024.

Have you ever found yourself caught off guard when dealing with tax liabilities that weren't even a result of your own actions? It's a situation no one wants to be in, yet it happens more often than one might think.

Ty…

Posted on July 3rd, 2024. 

Finding the right resolution strategy for your tax debt can be a daunting task. The Offer in Compromise (OIC) and installment plans are two options offered by the IRS to ease the burden of tax debt. Deciding between these tw…

Posted on June 3rd, 2024.

Tax season can be a stressful time for many, especially when faced with an unexpected tax bill. 

The shock of owing more than anticipated can cause financial strain and worry. 

Various factors, such as insufficient withholding, …

Posted on April 22th, 2024.

Tax debt can quickly spiral out of control, leaving you and your businesses feeling overwhelmed and uncertain about your financial future. How did you get here and what are your options?

Let’s explore the web of tax debt, an…

Posted on April 22th, 2024.

Tax season is a time of heightened stress for many individuals and businesses grappling with the complexities of their financial obligations. Amidst this anxiety, the Offer in Compromise (OIC) program emerges offering a poten…

Dealing with the IRS can be a daunting and frustrating experience, especially when attempting to resolve substantial tax debt independently.

Many taxpayers find themselves entangled in a web of bureaucracy, with confusing and complex procedures.

In this …

Paying taxes is a civic responsibility that every working American is subjected to. However, millions of Americans find themselves in hot water with the IRS. Some intentional and others are inadvertent but understanding the common ways people get into ta…

Entrepreneurship can be hard. Some years are good, others are not so great. But every year, like clockwork, the IRS comes calling and asks you for what’s theirs.

Small businesses often face unexpected financial challenges. Among the scariest of these cha…

Limited liability companies (LLCs) are a popular choice of entity for small businesses and investment activities.

LLC owners are called members.

· Single-member LLCs have one owner, although spouses who jointly own an LLC in a community property state ca…