CP2000 notices, penalty abatement, installment agreements, offers in compromise, liens and levies, innocent spouse relief, collection due process hearings, and the statutes of limitations.
22 guides, each written by a CPA licensed in the US and Canada.
The estimated tax underpayment penalty can be avoided entirely using the prior-year safe harbor, the annualized income installment method.
US TaxHow the IRS 20% accuracy-related penalty works under IRC 6662, when it applies, and the reasonable cause defense that can remove it.
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 TaxWhen and how to request a Collection Due Process hearing from the IRS, the 30-day deadline, what you can challenge. Covers key rules, filing requirements,.
US TaxHow to respond to an IRS correspondence audit (CP2000, CP2501, letter 566). Most IRS audits are not the sit-down-with-an-agent kind.
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 TaxThe line between a civil IRS audit and a criminal investigation is the most consequential boundary in the tax system. Covers key rules, filing.
US TaxCurrently Not Collectible (CNC) is an IRS designation that pauses all collection activity on your account. The IRS does not seize your bank account.
US TaxEquitable relief is the third type of innocent spouse relief, and it is often the only option available. legally separated.
US TaxThe IRS first-time abatement waives failure-to-file and failure-to-pay penalties if you have a clean three-year history.
US TaxWhen one spouse's tax problems create a joint liability, Form 8857 offers three types of innocent spouse relief. Covers key rules, filing requirements,.
US TaxThe four types of IRS installment agreements, which one fits your balance, the setup fees, and the traps that extend your debt.
US TaxThe difference between an IRS federal tax lien and an IRS levy. A lien and a levy are not the same thing, and confusing them leads to wrong decisions.
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 TaxSince 2018, the IRS can certify a taxpayer's seriously delinquent tax debt to the State Department, which then denies passport applications.
US TaxThe IRS assesses penalties on roughly 40 million returns per year. It also abates millions of those penalties when taxpayers ask.
US TaxIRS statutes of limitation for assessment and collection. The 3-year, 6-year, 10-year, and unlimited rules, plus the tolling events that extend each one.
US TaxWhen and how to use the IRS Taxpayer Advocate Service. It is not a shortcut, not an appeals process, and not a complaint hotline.
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 TaxAn Offer in Compromise lets you settle an IRS tax debt for less than the full amount owed. That much is true. That much is true.
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 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.