Did you know that the Internal Revenue Service (IRS) issues over 40 million penalties to taxpayers each year? This staggering number highlights how common it is to encounter tax issues that result in penalties, leading to unnecessary financial stress. You might find yourself in a similar situation, facing IRS penalties or needing to correct a […]
Florida Sales Tax Rate Slashed on Commercial Property Rentals
The Florida sales tax rate decreased from the current 4.5% to 2.0%, a substantial 2.5 percentage point cut. The Florida sales tax rate is imposed on rentals, leases, or licenses to use real property, commonly known as commercial rentals The Florida legislature’s Florida state sales tax rate reduction aims to give money relief to companies […]
IRS Form 433-F: Key Information You Need
Navigating IRS Form 433-F for Tax Relief IRS Form 433-F is helpful for people facing financial trouble. It lets them explain their situation clearly to request tax relief. By providing financial disclosure and detailing their income, expenses, and assets, taxpayers can effectively communicate their financial hardships to the IRS. This form is used to request […]
About Form 9465, Installment Agreement Request
Life happens – job loss, medical bills, miscalculations. Suddenly, you can’t afford to pay what you owe in taxes. It’s an awful feeling that weighs you down. But don’t worry. The IRS gets it. They know stuff comes up that you can’t control. That’s why they let you set up an installment plan using Form […]
Form 433-B OIC Explained: A Complete Guide for Business Collections
What exactly is Form 433-b used for in financial and tax matters? Filling out IRS Form 433-B, the Collection Information Statement for businesses, is important. It shows your business’s transparency and compliance with tax laws. This guide will help you fill out Form 433 B correctly. It ensures you meet your responsibilities and protect your […]
Form 656 (Offer in Compromise)
Unlocking the Secrets of Form 656: Your Crucial Manual for IRS Offer in Compromise What is IRS Form 656? What is IRS Form 656? Form 656 is the official IRS form used to submit an Offer in Compromise. An OIC allows eligible taxpayers to settle their tax debts for less than the full amount they […]
Expert Advice On IRS Payment Plans For Tax Debt Relief
Learn how to set up an IRS payment plan and effectively manage your tax debt.
Handling Nasty Letter from the IRS | IRS Resumes Collection
Have you received a letter from the IRS? Don’t be surprised if you get a letter from the Internal Revenue Service (IRS). They have started sending automated collection notices to taxpayers again. This collection process was paused due to the COVID-19 pandemic. Beginning January 1, 2024, individuals, businesses, trusts, estates, and tax-exempt organizations started receiving […]
Navigating the Intricacies of Tax Resolution: A Journey of Art and Science
If you have tax problems or got a tax notice from the IRS and don’t know what to do, tax resolution can assist.
Taxes can be complex, with rules and regulations that might be confusing. That’s where tax resolution can help. It’s a specialized field that combines legal expertise, strategic planning, and a deep understanding of tax laws to solve various tax problems.
Whether it’s negotiating with tax authorities, resolving tax debts, or handling audits, tax resolution professionals work towards achieving the best results for their clients.