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How to Get IRS Penalties Removed
You get a letter from the IRS and it says you owe a penalty for various reasons. The IRS...
Beware of DIY Offers in Compromise
So, you owe a lot of money to the IRS. Perhaps you have heard or seen the online ads...
IRS Latest Debt Collection Tactics
The IRS has hired 80,000 new agents. Many of these new agents are working collection cases. The new agents are untrained and unsupervised....
Why You Should Always Report Your Income
We may feel that if we do a cash sale, we really do not have to report it on our income tax return. We may feel the IRS will have no real chance of...
The Different Types of IRS Tax Scams
Scams are everywhere these days! You get random emails and phone calls from scammers trying to steal your identity or your money! Unfortunately,...
What is Reasonable Compensation for an S Corp?
So, you got tired of being a Schedule C sole proprietor and paying all that self-employment tax! So, you formed an S Corporation and now you have no...
What is an IRS IP PIN?
The IRS has instituted a new tactic to add to your confusion and pressure. The IRS is sending out special IP PIN numbers to specific taxpayers. You...
What is an IRS Cap Appeal?
If you received one of those CP504B threatening to levy your bank account and if you manage to read through it, it says in the letter you can file a...
What is an IRS Notice CP504B?
So, you got one of those threatening CP504B letters. It says Notice of intent to seize (levy) your property or rights to property. This is a scary...