Common Frustrations When Dealing with the IRS over Back Taxes

Common Frustrations When Dealing with the IRS over Back Taxes

It can be intimidating and unpleasant to deal with the IRS, particularly if you’re trying to settle a sizable tax bill on your own. Many taxpayers are caught up in a maze of bureaucracy and difficult-to-understand processes. This post will highlight the main...
IRS Reports: Gap in U.S. Taxes Owed vs. Paid Continues to Grow

IRS Reports: Gap in U.S. Taxes Owed vs. Paid Continues to Grow

The Internal Revenue Service (IRS) has recently unveiled some alarming statistics that have far-reaching implications for both tax compliance and government revenue. In 2021, the IRS estimated a colossal $688 billion gap between the taxes owed and the actual IRS debt...
IRS Tax Penalties May Be Waived Using This One-Time Tactic

IRS Tax Penalties May Be Waived Using This One-Time Tactic

According to tax professionals, there are some circumstances in which you may be able to have IRS tax penalty notice fees waived. Otherwise compliant taxpayers can receive relief under the less well-known first-time penalty abatement. “It’s like a get out...
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