8 Common IRS Tactics You Need To Know
The Internal Revenue Service (IRS) has earned a formidable reputation for tax collection and pursuing taxpayers who fail to comply. Nevertheless, at Cotts Law, we help you become familiar with the widespread misunderstandings regarding the magnitude of their...
IRS Delays Reporting Rules For Users Of Venmo, Cash App, And Other Payment Apps
Navigating tax obligations can be complex, especially with evolving regulations. Recent changes in Venmo tax reporting and cash app file tax requirements have left many users uncertain. Fortunately, the IRS has announced a delay in implementing new reporting rules,...
Navigating the 2024 IRS Tax Bracket Changes: What It Means for Your Wallet in Texas
Introduction: As we enter the tax year 2024, the IRS has unveiled a new set of tax brackets, bringing changes that will significantly impact your financial situation in Texas. These alterations have been introduced to address concerns related to “bracket creep” and...
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
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...Recent Posts
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