Top 7 Overlooked Tax Deductions for Small Business Owners in 2026 Running a small business means keeping a close eye on cash flow, profitability, and taxes. One of the easiest ways to overpay the IRS is by missing deductions you are legally entitled to claim. Most business owners remember obvious expenses such...
If you are self-employed and have not filed one or more required tax returns, it’s important to address the issue as soon as possible. Unfiled tax returns can lead to penalties, interest, loss of benefits, and even IRS enforcement actions such as substitute for return assessments or collection activity. Here’s what you need to...
If you owe federal taxes and have not paid after receiving IRS notices, you may face serious collection actions such as a federal tax lien or a levy. Understanding your rights in these situations is crucial to protecting your property and ensuring fair treatment. Here’s what every taxpayer should know about their rights when...
If the IRS has seized your property to collect a tax debt, and you believe the seizure was improper or wrongful, you may wonder if you have any legal recourse. The answer is yes: under certain circumstances, you can challenge the IRS’s actions and even sue for the return of your property or for damages....
Tax season can be stressful, especially if you need more time to gather your documents or finalize your return. Fortunately, the IRS offers a straightforward way to get extra time: Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. Here’s what you need to know to file for an extension...
Do I Need to File a Tax Return If I Had No Income in 2026? If you had no income during 2026, you may be wondering whether you still need to file a federal tax return. For most taxpayers, the answer is simple: probably not. Generally, individuals are only required to file...
How to Stop IRS Wage Garnishments in 2026 Receiving notice that the IRS is garnishing your wages can be stressful, especially when you rely on every paycheck to cover living expenses. The good news is that an IRS wage levy can often be stopped if you take action quickly and understand your available...
When your Offer in Compromise (OIC) is accepted by the IRS, it can feel like a huge weight has been lifted. But acceptance is not the end of the process—there are important steps and ongoing obligations you need to understand to ensure you keep the benefits of your agreement and avoid future problems. Here’s what...
Choosing the Right IRS Form 433: A Simple 2026 Guide If you’re trying to resolve IRS tax debt, chances are you’ve been asked to complete a Form 433. For many taxpayers, this is where confusion begins. The IRS uses several versions of Form 433 to evaluate your financial situation, determine your ability to...
If you’ve received an LT11 or Letter 1058 from the IRS, you’re facing a critical stage in the tax collection process. Both notices serve as a “Final Notice of Intent to Levy and Notice of Your Right to a Hearing,” but taxpayers often wonder: what’s the difference between LT11 and Letter 1058, and what should...
Copyright by Accu-Tax, Inc. All Rights Reserved.
Copyright by Accu-Tax, Inc. All Rights Reserved.
