Let Morgan Sebastian Law Help Solve Your Tax Problem
The IRS sends a notice of deficiency when it believes a taxpayer owes additional taxes. This letter, also called a "90-day letter," gives the recipient 90 days to respond before the IRS assesses the tax. Ignoring this notice can lead to penalties, interest, and...
If you owe taxes to the IRS and can’t pay the full amount right away, you have options to set up a payment plan. The IRS offers several choices that can help you pay off your taxes over time. Understanding these options will make it easier to manage your payments and...
Getting a tax decision from the IRS that you disagree with can be frustrating. Fortunately, you have the right to challenge it through an appeal. Understanding the process helps you take the right steps and increases your chances of a favorable outcome. Review the IRS...
If you are facing a tax audit and are unable to pay the full amount owed, you may wonder if there is a way to settle your tax debt for less than what the IRS claims. One possible solution is an Offer in Compromise (OIC), a program that allows taxpayers to settle their...
The IRS’s Fresh Start Program provides relief for taxpayers struggling with unpaid tax debt. It offers a structured way to manage tax obligations and avoid severe penalties. Understanding the program’s components and qualifying requirements can help individuals regain...
Tax shelters may seem like an appealing way to lower tax obligations, but participating in improper or abusive tax shelters can lead to serious penalties. The IRS enforces strict rules to discourage underpayment of taxes tied to these schemes. Accuracy-related...
