You are unsure about how you can resolve your tax issues. And this uncertainty causes you a lot of stress because any second you may face additional penalties and interest. We understand your situation and can help you. Precision Tax Relief (PTR) guided thousands of similar cases through the process of managing tax debts, providing […]

Most US taxpayers overlook one critical factor, which can quickly turn a manageable tax bill into a financial headache: interest. If you do not pay your federal taxes on time, the IRS will start charging interest immediately, and unlike penalties, interest is rarely waived or reduced. What is worse, the longer your balance remains unpaid, […]

According to the latest TIGTA report, the Inflation Reduction Act (IRA) has funneled significant resources into the Internal Revenue Service (IRS) to strengthen its operations and enforcement efforts.  Recently, the Treasury Inspector General for Tax Administration (TIGTA) report shed light on how these funds are being allocated and used. These details are essential for taxpayers […]

You have been looking forward to your tax refund all year—the money that could help you catch up on bills, buy groceries, or pay off a small debt. Then, a letter arrives from the IRS titled “Notice of Intent to Offset.” What does this mean? What happens now? A Notice of Intent to Offset is […]

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 […]

If you can’t afford your tax bill, ignoring it will only make the problem worse. The IRS charges daily interest, penalties, and can eventually garnish wages or seize assets. The good news: you have several options to manage your tax debt and protect yourself. What Happens If You Don’t Pay Your Taxes? Immediate penalties and […]

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 […]

When a business receives a cash payment exceeding $10,000, it is required to file Form 8300, titled “Report of Cash Payments Over $10,000 Received in a Trade or Business,” with the IRS and FinCEN. This form assists federal agencies in tracking large cash transactions to combat money laundering, tax evasion, and other illicit activities. Any […]

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 […]