IRS Tax Resolution Client Testimonials!

As some of you know, I had the opportunity to travel to Ecuador to take in some hiking last month. Pictured is the active Volcano Cotopaxi, my last hike of the trip. I stared at this mountain from my Hacienda for 3 days before attempting to summit. I fell ill with a cold and needed […]

Owe the IRS? Options Other Than ‘Currently Not Collectible’ For Dealing With Your IRS Debt Safely And Strategically

While ‘Currently Not Collectible’ (CNC) status can provide considerable financial relief to some struggling taxpayers, it’s not a viable option for everybody. What’s more, CNC comes with its fair share of downsides. Whether you fail to qualify for CNC or prefer to take a different route, it’s important to get a better sense of your […]

Do’s And Don’ts When Setting Up Your IRS Payment Plan

If you’re behind on your taxes and struggling to pay up, a payment plan with the IRS may be your best option for avoiding stiff penalties. Unfortunately, setting up such a plan can prove surprisingly difficult. Below, we offer a few key do’s and don’ts to help you navigate the payment plan process: Do: Determine […]

What Happens When You Miss an IRS Installment Payment?

The financial issues that made it impossible for you to file or pay your taxes on time have not gone away — and now, you’re struggling to make your monthly IRS installment payments. Keep these next steps in mind as you determine how to proceed: Don’t Ignore the Problem Missing even one installment could cause your account […]

Will the IRS Automate Penalty Abatement?

Every year, millions of Americans fail to file or pay their taxes on time. These individuals face harsh repercussions, but those with a history of compliance sometimes qualify for penalty abatement. The process for securing abatement is notoriously confusing, but a solution may be just around the corner: an automated system. The Potential For an […]

Examples of “Reasonable Cause” the IRS Accepts to Grant Penalty Relief

Even the most responsible people can occasionally get into trouble come tax season. Thankfully, the IRS recognizes this, and more importantly, provides options for relief in select circumstances. Not sure if you qualify? Keep reading for insight into how the IRS establishes reasonable cause — and common examples of situations in which penalty relief may […]

Everything You Need to Know About the IRS First-Time Penalty Abatement Waiver

You didn’t file or pay your taxes on time, and now you’re panicking. Late taxes can prompt harsh penalties from the IRS — but it might not be so bad if you typically pay on time. The IRS offers a penalty abatement waiver to select taxpayers; read on to learn more: What Is the First-Time […]

Take a Deep Breath — How to Handle Your Delinquent Payroll Taxes the Right Way

You’re ages behind on your payroll taxes and well aware of the harsh consequences that could result from your failure to pay up. Naturally, you’re freaking out. Panicking won’t make the problem go away, but it is possible to resolve your tax concerns if you take these simple steps: File Employment Tax Returns And Make […]

The Absolute Worst Things That Can Happen If You Screw Up Your IRS 941 Taxes

The IRS can sometimes be surprisingly forgiving of those who fail to file or pay taxes on time, particularly if they actively make arrangements for extensions or installment plans. This mercy does not always extend to those who struggle with unpaid or incorrect payroll taxes. The following are among the harshest repercussions you’ll face if […]

More True-Life 941 IRS Horror Stories

Our collection of IRS horror stories may have resonated with you, especially if you’ve been audited. Unfortunately, we only scratched the surface. Now, we’re back with several additional cautionary tales, this time outlining the perils of IRS Form 941: Publishing Company Payroll Taxes The IRS can be surprisingly forgiving when individual employees fail to file […]