What is IRS Reasonable Cause for a Penalty Abatement?
Taxpayers who owe the Internal Revenue Service (IRS) know that their total balance owed includes tax, penalties, and interest. As…
2020 Tax Filing Deadline
Changes to the 2020 Tax Filing Season will affect your 2019 federal income taxes. Most of the changes were input…
Other Types of Offers in Compromise
In our previous posts about the Offer program, we first discussed the basics of the Offer in Compromise (abbreviated as…
Doubt as to Collectibility Offers
In a previous post, we discussed the basics of the Offer in Compromise (abbreviated as Offer or “OIC”) program as…
Offer in Compromise Basics
One option the Internal Revenue Service (IRS) created for taxpayers who owe back taxes is their Offer in Compromise program,…
What Is Tax Liability Resolution and Do I Need It?
Whenever I introduce myself to somebody and mention my profession – “I work in the field of tax liability resolution”…
Coronavirus $1,200 Stimulus Check, Do You Qualify?
Due to the coronavirus (COVID-19) pandemic, many of us are suddenly facing financial difficulties we never dreamt of. The federal…
Business Tax Credits to provide leave to employees during COVID-19
On March 20, 2020 the U.S. Treasury Department, U.S. Department of Labor along with the Internal Revenue Service revealed a…
Emergency relief plan for taxpayers
With the unanticipated coronavirus pandemic, COVID-19, currently in the United States, The Trump Administration has approved an emergency relief plan….
The IRS Updated Form W-4
The IRS has revised and updated the 2020 Form W-4, Employee’s Withholding Certificate. They chose to redesign Form W-4, disallowing…