If your business owes back taxes or you’ve fallen behind on payroll deposits, you may wonder what the IRS will target first. Will they levy your business bank account? Your personal account? Your receivables? Your wages? Once the IRS decides to enforce collection, they want fast money with minimal effort. Understanding how they prioritize levies…

When you file a joint tax return with your spouse, you’re both saying to the IRS: We’re in this together. That means both of you are jointly and severally liable for any tax owed—even if the unpaid balance, errors, or fraud were entirely your spouse’s doing. It’s one of the most misunderstood and frightening parts…

The mere mention of an IRS audit is enough to send shivers down the spine of most taxpayers. An audit can be stressful, time-consuming, and nerve-wracking. However, with the right approach and professional guidance, you can handle an audit confidently and minimize potential financial consequences. Here, we’ll break down the steps to handle an IRS…

If you’re overwhelmed by tax debt and struggling to see a way out, the IRS has a program that might be the lifeline you need. It’s called an Offer in Compromise (OIC), and it allows taxpayers to settle their tax debt for less than the full amount owed. While this program can offer significant relief,…

Congress and President Trump enacted a new tax law, generally called the OBBBA (One Big Beautiful Bill Act), that has made several changes to the tax code.  This post summarizes some of the key changes it made.  Much of how the law will be applies remains to be decided, so if you have questions on…

Tax penalties can significantly increase the amount you owe to the IRS or state tax agencies, turning an already challenging financial situation into an overwhelming one. However, you might not have to pay those penalties in full. The IRS offers penalty abatement programs that can reduce or eliminate penalties in certain situations. In this blog,…

The One Big Beautiful Bill appears likely to limit the ability of partners to get some relief from the SALT cap through the pass-through entity workaround.  This workaround and credits, discussed in detail in our post here, allow partners to pay state income taxes at the entity level rather than on their personal return.  This…

An IRS appeals hearing can be an intimidating experience, but it’s also an opportunity to resolve tax disputes without going to court. If you’ve received a notice to attend an IRS appeals hearing, preparation is key to achieving a favorable outcome. This blog outlines the steps you can take to prepare effectively and increase your…

Has the IRS sent you a notice of a tax lien or tax levy? Or has it started taking a portion of your paycheck every pay cycle? These actions are harrowing ones we help out clients stop every day. Here, we will outline what these actions are and what to do next if you are…

Do you have that sinking feeling in your gut when you see an envelope from the IRS?  It happens to all of us.  Rarely does an IRS letter have good news.  Here, we outline the common reasons the IRS writes and some key points to think about when you read the letter. Do not Procrastinate:…