IRS

If you receive a Statutory Notice of Deficiency (SNOD), you’ve likely received multiple notices already from the IRS that you owe back taxes – or at least they’ve been sent. SNODs are sent using certified mail, so they are more likely to get a taxpayer’s attention...

Knowing that you owe the Internal Revenue Service (IRS) money is a stressful experience, particularly if they start the collections process. There are several ways that the IRS may work to get the money it’s due, one of which is a levy.  A tax levy is a tool that...

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...

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...

The rise of gig economy work, including freelancing, ride-sharing, and other contract-based jobs, has drawn the attention of the IRS. As more workers join the gig economy, the IRS increases its scrutiny, which impacts how workers report taxes and meet compliance...

Taxpayers sometimes face penalties for filing their taxes late. These penalties can add up quickly, causing financial stress. Fortunately, taxpayers have ways to challenge these penalties if there is a reasonable explanation for the delay. Understand reasonable cause...

Digital nomads often earn income while traveling across different countries. Understanding how the IRS treats foreign income is crucial for tax compliance. The IRS rules can be complex, but knowing the basics helps digital nomads avoid penalties. What qualifies as...

When you owe a tax debt to the federal government, the IRS may place a tax lien on your property to secure payment. A tax lien can complicate your financial situation by affecting your ability to sell property, secure credit, or refinance.  If you've partially paid...