1,454 plain-English guides on us tax, each one ending in what to do next.
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Self-employed truckers can shelter $60,000 or more per year from tax with the right retirement plan.
US TaxEach mechanism has different dollar limits, different income limitations, and different consequences when you eventually sell or trade the truck.
US TaxWhen a business withholds federal income tax, Social Security, and Medicare from employees' paychecks but does not send those withheld amounts to the IRS.
US TaxWhen you bill the federal government for costs incurred on a contract, the government does not pay for everything.
US TaxThe bank is required to hold the funds for 21 calendar days before sending them to the IRS. That 21-day window is your window to act.
US TaxA CP2000 is not an audit. It is not a bill. It is a proposed adjustment from the IRS's Automated Underreporter (AUR) program.
US TaxCurrently Not Collectible (CNC) is an IRS designation that pauses all collection activity on your account.
US TaxThe IRS first-time abatement waives failure-to-file and failure-to-pay penalties if you have a clean three-year history.
US TaxThe four types of IRS installment agreements, which one fits your balance, the setup fees, and the traps that extend your debt.
US TaxAn Offer in Compromise lets you settle an IRS tax debt for less than the full amount owed. That much is true.
US TaxThe RCP formula sets the minimum the IRS will accept in an Offer in Compromise. The calculation, worked examples, and the variables you can influence.
US TaxThe IRS assesses penalties on roughly 40 million returns per year. It also abates millions of those penalties when taxpayers ask.
US TaxHow IRS wage garnishment works, the exempt amount you keep, the CDP hearing window, and how to get the levy released or reduced for US-Canada dual filers.
US TaxHow to petition the US Tax Court after a notice of deficiency. The US Tax Court is the only court where you can dispute a tax assessment before paying it.