IRS

If the IRS is seeking payment for a tax understatement connected to a joint return filed during your marriage, the separation of liability relief can come in handy. It is applicable for the taxpayers of California or any other state under specific conditions and...

Sorting through a loved one’s finances can feel overwhelming, especially when an IRS notice arrives after the death. A family member may wonder if the debt disappears, whether they personally owe it or what happens if no one knows which returns were filed. IRS debt...

Missing a payment on your IRS installment agreement is a common obstacle that many taxpayers encounter, but it is one you can resolve with proper guidance. If you are a California taxpayer, you are working with agencies that follow very specific, systematic rules. As...

Unlike before, cryptocurrency is no longer flying under the radar. The Internal Revenue Service (IRS) has made digital asset enforcement a priority and if you hold or trade cryptocurrency, it is worth knowing what could put you on the IRS's radar. What tools does the...

Tax debt can feel overwhelming when balances grow beyond what you can realistically pay. You may wonder whether the IRS allows any structured way to resolve that debt for less than the full amount owed. An Offer in Compromise (OIC) gives some taxpayers a lawful option...

Unpaid federal taxes can create serious financial pressure, and concerns about losing property often follow. Federal law gives the IRS authority to collect overdue taxes, but strict rules control when and how seizures happen. Knowing these limits helps you understand...

You may feel uncertain when you claim business losses because you recognize that certain patterns can prompt IRS scrutiny. Losses can support your return when they reflect legitimate business activity, but specific indicators can signal potential concerns. When you...

Getting a rejection from the IRS after applying for a payment plan can feel discouraging. You may have counted on that plan to catch up on your tax balance and avoid collection actions. Fortunately, you still have options to resolve the situation and get back on...

Few things are more stressful than seeing your paycheck shrink because of an IRS wage garnishment. It can happen when you owe back taxes and don’t take steps to resolve the balance. Understanding why it happens and what you can do next helps you take control before...