When you get that IRS audit letter, your first thought is probably: “Where do I even start?” Scattered receipts, missing 1099s, and untracked mileage can cause deductions to be denied or delay your audit resolution and, in some cases, may result in penalties. The truth? Many audits go wrong not because of fraud, but because […]

Receiving an IRS audit letter is stressful. Add back taxes or unfiled returns, and it becomes the worst-case scenario. Facing all three at once is one of the toughest situations for any taxpayer. The fear is normal, but you’re not out of options. Your response will shape the look. This guide gives you the clearest, […]

When IRS notices start arriving, most people search for one thing: a clear answer.  What can actually be reduced?  What will the IRS never remove?  And where do you even start when penalties, interest, and old returns are stacked together? This guide gives you a reliable roadmap. No fear. No jargon. Just structure. What’s Realistically […]

When you owe the IRS, it’s easy to feel cornered. But finding the right payment plan can stop enforcement actions, stabilize your finances, and give you space to plan for long-term relief. Why Resolving Tax Debt Is Part of Smart Retirement Planning If you’re between 45 and 65, or already retired, IRS debt can hit […]

Federal payroll tax debt is the moment a business problem becomes a personal financial nightmare. The IRS does not forgive this liability. Their biggest weapon? The Trust Fund Recovery Penalty (TFRP). This penalty allows the government to directly seize your personal savings, attack your home equity, and even empty your retirement funds like your 401(k).  […]

Receiving an inheritance often brings both gratitude and worry. For many, this financial security is masked by one urgent question: Can the IRS take this money?  We understand this stress and want to clarify the confusion with this article. This guide offers clear facts about inherited assets and tax debt. The short answer is yes, […]

When facing difficulties paying your taxes in full, the fear of IRS collections can be overwhelming. It’s natural to wonder whether the IRS is willing to negotiate when covering your entire balance feels out of reach. Understanding Tax Payment Challenges If you’re struggling financially, unable to clear your full tax balance, the IRS has several […]

Life happens. A difficult business venture, a personal health crisis, messy records, or a family emergency can easily push tax filing to the back burner. Falling behind is far more common than you might think. Many of our clients are successful, hardworking people who simply found themselves in a difficult spot. The most important thing […]

Facing IRS collection notices is scary — but knowing how the agency discovers your assets and what to do next puts you back in control. Below is an optimized, detailed version of your draft that aligns with Precision Tax’s services, explains how levies work, and gives clear, actionable next steps your readers can take (and […]

You have spent decades building a life and saving for a comfortable retirement. The finish line is in sight. But an existing tax debt can feel like a shadow threatening to ruin all of your hard work. The fear that the IRS could touch your 401(k), IRA, or even your Social Security checks is real, […]