IRS Audit Representation Services
October 25, 2023
IRS audit representation services provide individuals and businesses with crucial support and expertise when facing an IRS audit. These services offer several valuable benefits, including professional guidance and representation throughout the audit process, reducing the stress and time commitment for those being audited. Skilled tax professionals can help ensure compliance, minimize tax liability, and negotiate…
What Is An IRS Substitute For Return(SFR)?
October 20, 2023
Did you know that in situations where some taxpayers haven’t filed their federal tax returns, the IRS has the capability to step in? Through the Substitute for Return (SFR) program, as authorized by Internal Revenue Code § 6020(b), the IRS can take action to ensure that everyone’s tax obligations are met. If you find yourself…
IRS Offer In Compromise Forms And Supporting Documentation
October 19, 2023
An IRS Offer in Compromise (OIC) is a program offered by the Internal Revenue Service (IRS) in the United States, designed to provide taxpayers facing financial hardship with a potential opportunity to settle their tax debt for less than the full amount owed. This program allows eligible taxpayers to negotiate a compromise with the IRS,…
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…