No one looks forward to the tax season; it brings so much stress and anxiety. While some people can breathe after the filing season, many taxpayers end up with tax issues that extend through the entire financial
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New Jersey Tax Liens and Judgments: What You Need to Know
The NJ Division of Taxation can issue a Certificate of Debt when you’re behind on your tax obligations. This can lead to seizure of funds in your bank account and blocking the sale or refinancing of your
Best Company for Tax Relief: Understanding Real and Fake Tax Relief Programs to Avoid Scams
Federal and state tax codes are so complicated that tax problems are abundant. Unfortunately, finding help isn’t always easy. There are a lot of companies that engage in aggressive and often misleading marketing to bring in clients.
Personal Liability for IRS Business Tax Debt?
What Happens to Payroll Tax Debt When a Business Closes?
Closing a business does not automatically wipe out its payroll tax debts. The IRS will still expect those taxes to be paid, and it has tools to
United States Tax Court: A Strategic Guide for Taxpayers and Business Owners
Introduction
The United States Tax Court exists to give taxpayers and business owners a fair forum to challenge IRS determinations. Unlike most courts, it allows you to dispute a tax deficiency before paying. That unique feature makes
IRS Form 9297: What It Means, Why It Matters, and How To Respond The Right Way
You opened the mail and found IRS Form 9297, the Summary of Taxpayer Contact. That single page means an IRS revenue officer has been personally assigned to your case. It’s no longer just the Automated Collection System
IRS CP2000 Notice: What It Is, Why You Got It, and How to Respond
What Is a CP2000 Notice (and Why Did You Get One)?
A CP2000 notice is an official letter from the IRS informing you of a discrepancy between the income reported on your tax return and what third
IRS Unlimited Statute of Limitations on Unfiled Returns
Dealing with unfiled tax returns can be daunting. Many taxpayers wonder how long the IRS can pursue them or whether there’s a time limit after which tax issues expire. This article breaks down the rules in plain
What to Do After the IRS Rejects Your Offer in Compromise
If the IRS rejected your Offer in Compromise (OIC), you’re not alone—the IRS rejects a large portion of OIC applications. In fact, out of 30,163 OIC proposals in FY 2023, the IRS accepted only 12,711, representing approximately
IRS Options for Tax Debt Under $50,000: Payment Plans & More
If you’re struggling with IRS tax debt under $50,000, you’re not alone—and the good news is that the IRS offers several tax debt resolution options to help. Owing a large tax balance can be stressful, but the