Client Saves Almost $90K In Taxes After Losing Everything In A Market Crash.

Falling behind on federal taxes can bring a mix of dread and confusion, especially once notices from the IRS start arriving. Fortunately, the IRS offers resolution paths for taxpayers facing financial distress or limited ability to pay, including Currently Not Collectible (CNC) status and an Offer in Compromise (OIC). Learn how each program functions and […]

If you sell taxable goods or services in New York, then you need to identify the right rates to charge. However, it’s not as simple as charging one flat percentage. Rates shift depending on your product or service and delivery location. Incorrect payments can mean penalties, interest or an unwelcome audit down the road. Sales […]

Realizing you owe more in taxes than you can pay right now can be stressful, and you’re far from the first taxpayer to face it. Even so, the instinct to set the notice aside and hope for a solution later can work against you. The IRS or state taxing entity doesn’t pause the clock while […]

Gig work runs on 1099s, app records and bank deposits that the IRS can already see. A study co-authored by IRS researchers found that when gig workers stop receiving a 1099, self-reported earnings drop too, tied to $560 million in unreported profits over two years. This is a pattern the IRS built systems to catch. […]

A passport denial notice rarely arrives at a convenient time. Maybe a work trip is booked, a renewal is due, or a family visit abroad is on the calendar. For anyone who has received a CP508C notice or a Letter 6152, or who owes a significant tax balance and travels internationally for work, IRS passport […]