What Is Innocent Spouse Relief?
October 27, 2023
Innocent Spouse Relief is a legal provision that allows a taxpayer to be relieved of the responsibility for paying taxes, interest, and penalties resulting from a joint tax return when their spouse or ex-spouse improperly reported or underreported income or engaged in fraudulent activities without their knowledge or consent. This relief is designed to protect…
What Is A Penalty Abatement And How Do I Get One?
October 26, 2023
Taxes can be tricky, especially when you owe money. When you do your taxes, sometimes you have to pay extra because of interest or penalties. These extra charges are like a message from the IRS saying you didn’t pay everything or made a mistake on your taxes. If you ignore these charges, the extra money…
IRS Payment Plan: How It Works & How to Apply
October 17, 2023
The IRS payment plan, often referred to as an installment agreement or a tax payment plan, is a financial arrangement designed to assist individuals and businesses in meeting their federal tax obligations over time. This option is offered by the Internal Revenue Service (IRS) to help taxpayers who may be unable to pay their tax…
Tax Relief and Resolution: 5 Ways to Deal with Tax Debt
October 16, 2023
If you find yourself in a tax predicament, whether it’s falling behind on your taxes or grappling to pay off a tax liability, you might be wondering what solutions are available to you. Here are five resolutions that may be available for individuals who are seeking assistance with federal and state tax obligations, past due…
BC Tax Review: Here Are The Details
August 7, 2023
We did the research. Here is the BC Tax review. BC Tax was established over 21 years ago. According to the company’s website, bctax.com, BC Tax has years of experience offering income tax services in Denver and Westminster, Colorado, as well as surrounding communities. The company is headquartered at 10385 Westmoor Dr. Suite 310 Westminster,…