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Did You Receive an IRS Intent to Levy Notice?
You may soon receive or have received, depending on the date of your reading this blog, IRS Letter 1058 or LT11 that were sent out beginning...
2020 Unemployment Compensation Income Is Not Taxable
The IRS will begin issuing refunds this week to eligible taxpayers who paid taxes on 2020 unemployment compensation that the recently-enac...
US Tax Gap May Exceed $1 Trillion
On April 13, 2021, IRS Commissioner Charles Rettig testified before the Senate Finance Committee that the tax gap could exceed $1 trillion a...
Cannot Pay Your IRS Tax Debt?
Do you owe the IRS more than you can afford? An offer in compromise may be your solution. An offer in compromise [OIC] is settling a taxpay...
IRS Has Refunds Totaling $1.3 Billion On Unfiled 2017 Tax Returns
Unclaimed federal income tax refunds worth more than $1.3 billion await an estimated 1.3 million taxpayers who did not file a 2017 Form 1040...
2021 Due Dates for 2020 Tax Return
For most individual taxpayers the tax filing and payment deadline was postponed to May 17. Those who need more time to file beyond the postp...