Dealing with the Internal Revenue Service (IRS) can be daunting, especially if it involves an audit. One common question many taxpayers have is about the extent of the IRS's reach into past tax years. Understanding how far back the IRS can audit can help taxpayers...
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Year: 2024
The latest criteria for IRS Offer in Compromise acceptance
Navigating tax issues can be complex. The Offer in Compromise (OIC) program by the Internal Revenue Service (IRS) offers a potential solution for eligible taxpayers to settle their tax debts for less than the full amount owed. The acceptance of an OIC depends on...
Understanding IRS penalty abatement
Dealing with the IRS can be stressful, especially when penalties are involved. However, there is a provision called "penalty abatement" that can provide relief in certain circumstances. When dealing with the IRS, you must understand what penalty abatement is, when you...
Do you need a collection due process request?
Receiving a letter from the IRS about unpaid taxes can be unsettling and create a great deal of uncertainty. You might wonder about your options and whether you need to file a Collection Due Process (CDP) request in California. What is a collection due process...
IRS bank levies and steps you can take to release them
The IRS has the authority to place a levy on your bank account if you owe back taxes, which allows them to seize funds directly from your account to cover the outstanding debt. Understanding the mechanics of bank levies and the steps required to release them is...
What to do when you receive a letter from the IRS
Receiving a letter from the IRS can evoke anxiety and confusion, often leaving taxpayers unsure of the reasons behind the correspondence and the appropriate actions to take. Understanding the various types of IRS notices and knowing how to respond effectively can...
What is a tax audit?
Receiving a notification for a tax audit can naturally cause some anxiety. Understanding what a tax audit involves can help alleviate your concerns and prepare you for the process ahead. If the IRS has notified you of an audit, it’s helpful to understand the process...
The consequences of ignoring tax wage garnishment notices
Ignoring tax wage garnishment notices can lead to serious consequences that may affect your finances and credit. It is important to understand what these notices are and what happens if you choose to ignore them. What is a tax wage garnishment notice? A tax wage...
How can identity theft cause tax issues with the IRS?
Identity theft is a serious and common concern. For example, the Bureau of Justice Statistics points out that it victimizes about 9% of U.S. residents 16 and older per year. One significant consequence of identity theft is the potential for tax issues with the...
The risks of ignoring IRS communications
Receiving a letter from the IRS can stir a mix of emotions, from mild concern to outright panic. While it is tempting to set aside that envelope unopened, hoping the issue will resolve itself or disappear, this approach can lead to serious consequences. The IRS...

