Advices

If you are choosing between an LLC and an S corporation, the tax answer is not really “entity versus entity.” It is usually a choice between: an LLC taxed under the default rules, often as a sole proprietorship or partnership, and an LLC or corporation that has elected S corporation status. That matters because an...

  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....

If you’re facing an IRS wage garnishment in 2025, you’re not alone—and you have options. Wage garnishment (also called a wage levy) is one of the IRS’s most powerful collection tools, but there are several ways to stop or release a garnishment if you act quickly and understand your rights. Here’s what you need to...

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...

If you’re struggling to pay your tax debt or need to work out a payment arrangement with the IRS in 2025, you’ll likely encounter IRS Form 433. But with several versions—Form 433-A, 433-B, 433-F, and 433-A (OIC)—how do you know which one to use? This guide breaks down the differences and helps you choose the...

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...

The IRS has broad authority to collect unpaid federal taxes, including the power to levy (seize) property and rights to property. Under Internal Revenue Code, if a taxpayer neglects or refuses to pay a tax debt after notice and demand, the IRS can collect the tax by levying on “all property and rights to property”...

Choosing the right accountant or accounting firm is critical for your business’s financial health and tax compliance. But what if your current provider isn’t meeting your needs—or worse, is putting your business at risk? The IRS, under Internal Revenue Code, requires every business to keep accurate records and comply with all tax rules (Source: Sec....

For entrepreneurs and small business owners, it can be tempting to blur the lines between personal and business finances—especially in the early days. But mixing your personal and business money isn’t just a bookkeeping headache; it can lead to serious tax, legal, and financial consequences. Here’s what you need to know about the real cost...