Tax Problems
Common problems taxpayer’s with back taxes grapple with
Tax Problems
Tax problems that lead to IRS and state back taxes can arise from a variety of reasons. Most often they arise when the taxpayer hasn’t paid the total amount of taxes they have due to the IRS and or state. It can also be a result of unfiled tax returns and numerous other cases in which the taxpayer is not in compliance with the IRS and or State taxing authorities.
Business
Small Business owners need to make sure they avoid the common problems Small Businesses run into with the IRS.
Foreign Bank Disclosures
Every year, taxpayers must disclose their foreign accounts and balances to the IRS via a Report of Foreign Bank and Financial Accounts, known as FBAR.
Forgiven Liabilities
This guide provides an overview of what to expect when you save money through a debt settlement. It also covers a lot of FAQs.
IRS Letters & Notices
Did you receive an IRS letter or notice? Most of these letters can be resolved through a few steps. Here are some normal IRS letters that the IRS sends.
IRS Levy
A tax levy is a legal seizure of your property by the IRS or state taxation authorities. They can levy your property if you have delinquent tax amount due.
Penalties
We understand the tax code and how to use it to minimize your federal income tax liabilities. Find out more.
Tax Audit
Has the Internal Revenue Service notified you that you have been selected for an audit? Then, you’re probably wondering what to expect.
Unfiled Tax Return
If you have a tax liability and you don’t file, you will face consequences. Here’s an overview of what can happen if you have not filed and you owe a tax bill.
Unpaid Back Taxes
Unpaid taxes can be stressful and frightening. What happens if you can’t pay? Will the IRS take your assets? Close your business? Can you go to jail?
Tax Liens
A tax lien, either a state tax lien or federal tax lien, is a legal claim against your property that helps to secure payment of back taxes owed.
Tax Identity Theft
Could you be the victim of tax identity theft? If so, you might receive a letter from the IRS to confirm your identity or a notice informing you about unusual activity regarding your taxes. There are things you can do to prevent someone from stealing your tax identity and actions you can take if someone already has.
Cryptocurrency Tax Issues
The IRS requires you to report crypto received as income as well as realized crypto gains. The rules are complicated, and if you don’t report your crypto transactions correctly, you can incur penalties.Â
