Do you owe the IRS a lot of money, and they have not contacted you for a long time? That is great! But now they are back with LT38. It was just because they had suspended some notices during the pandemic.  In February 2022, the IRS stopped sending some collection notices while they continued to […]
Tax time is here, but you cannot afford your taxes? Ignoring it is definitely not a solution. What you need right now is proper tax planning that fits your financial situation. What Happens If You Do Not Pay Taxes? If you miss even one day of tax day, the IRS will immediately start collecting interest […]
The IRS tax debt is the worst one that you can have. Because you can never run away from the citizenship responsibilities. And, never-ending IRS notices can be your nightmare. This daunting situation gets worse with garnishment or seizure possibilities. But getting a tax attorney on your side can make things easier. Their expertise can […]
Many taxpayers do not fully understand what Form 8300 is or why it is important. This form is essential for reporting large cash transactions to the IRS, but it may cause confusion and anxiety, especially for those encountering it for the first time. Many businesses (and sometimes individuals) deal with large amounts of cash transactions. […]
Let’s agree on this. No matter how much money you owe, the IRS will eventually collect your tax debt. And the total unpaid taxes will keep increasing each month until you pay.  Of course, the best thing is to pay the debt on time, but taxpayers may be unable to pay their debts for many […]
What happens if a deceased person owes taxes to the IRS? Are unpaid taxes automatically forgiven at death, or do the heirs inherit the debt? Settling IRS Tax Debt from the Estate After Death An estate is a person’s total collective property after their death. When someone with IRS tax debt dies, the debt doesn’t […]
A delinquent tax is a tax that hasn’t yet been paid to the IRS, which includes various types of federal taxes, such as income tax, payroll tax, or excise tax. Whether you’re an individual or a business, failure to file your taxes will lead to delinquent status once you have missed the filing deadline, and […]
Haven’t filed your tax return yet? If not, sooner or later, the IRS catches up with you. More importantly, not filing your tax return will end up costing you more. Filing your returns on time is the only way to avoid tax-related nightmares. Do I have to file taxes? Not everyone is required to file […]
Various tax relief options can resolve many tax issues, but when we talk about tax evasion or tax fraud, the things are different because the IRS may refer your case to federal courts. If you’re deliberately evading taxes, you should know that the result may end in prison. Still no need to panic. To make […]
Dealing with the IRS can feel like you’re in a labyrinth, where every turn brings a new complex rule or deadline. The possibility of an audit can be scary, or an unexpected tax bill can cause anxiety. Even so, understanding the IRS’s statute of limitations can be your guiding light. What Is a Statute of […]

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