Myth # 5: There’s Nothing You Can Do About IRS Penalties and Fees Other Than Paying Uncle Sam
When it comes to paying IRS tax penalties and fees, many taxpayers simply throw up their hands in surrender, believing that there is nothing they
When it comes to paying IRS tax penalties and fees, many taxpayers simply throw up their hands in surrender, believing that there is nothing they
The Internal Revenue Service (IRS) has the authority to impose over 150 different penalties under the federal tax code. That’s a pretty significant number. And
You may have heard that fighting back can buy time or reduce your IRS debt. But battling the IRS instead of formulating a realistic plan
Perhaps you think the IRS will be desperate for you to make a payment and eager to accept a simple resolution, but this is far
When you’ve gotten far behind on your taxes, the debt can feel even more insurmountable than the first year you could not pay. As an
For the IRS, an Offer in Compromise strategy is a last resort. They will consider granting this relief only if you’ve exhausted all other options
After the Covid-19 pause, the IRS has roared back to life. The agency now has increased funding, and delinquent taxpayers may find an agent at
The Wall Street Journal recently reported that as of the end of 2022, there was an increase (from 2019) of nearly 2 million additional individual
In December, the IRS announced they would offer about 4.7 million taxpayers penalty relief for back taxes. Most of the impacted individuals make under $400,000
Although most mail is junk mail, and we look forward to receiving non-junk mail, mail from the IRS isn’t much of an improvement. Opening your
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