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If You Owe the IRS Money, Here’s What You Should Know About the Statute of Limitations on Collection

The Internal Revenue Code (IRC) Section 6502 provides that the IRS has a maximum of ten years from the...

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IRS to Provide Automatic Penalty Relief to Normally Compliant Taxpayers

Most taxpayers don’t plan to get hit with an IRS penalty. Usually, it happens because life got in the...

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Did You Repay Money You Paid Taxes on in a Prior Year? There is a Solution to Provide Tax Relief.

If you've found yourself in a situation where you've repaid income that you initially reported as taxable...

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The IRS Is Cracking Down on “Creative” Tax Strategies—What It Means for You

The IRS is successfully challenging aggressive tax strategies using the economic substance doctrine....

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A Surprise Refund Opportunity? Millions of Taxpayers May Be Owed COVID-Era Penalty Refunds

A recent federal court decision could open the door for refunds of certain IRS penalties and interest...

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This NBA Insider Stole Millions — And It’s a Warning for Every Business

A former NBA executive was sentenced for embezzling millions. Here’s what the case reveals about...

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The IRS Is Paying Attention Again: Why More Taxpayers Are Getting Notices

IRS enforcement is increasing with more data-driven reviews and notices. Learn why and what steps to...

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Landmark US Court Ruling May Let Taxpayers Reclaim Penalties and Interest

If you paid the IRS tax penalties and interest during the COVID-19 pandemic, this article includes important...

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Received an IRS Letter? Here’s What Not to Do

An IRS or state tax notice is stressful—but panic makes it worse. Learn what not to do if you receive...

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What To Do When You Get an IRS Notice (And Why You Don’t Need to Panic)

IRS notices can be confusing, but they don’t have to be scary. Learn what common notices mean, what...

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Tax Ramifications for Scam Victims

Learn how scam-related losses may qualify as deductible when tied to a profit motive. Understand IRS...

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Owe the IRS? How Individuals and Business Owners Can Fix Tax Problems Before They Spiral

Behind on taxes or owe the IRS? Whether you’re an individual or a business owner, learn how to...

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