IRS Resolution

How Accurate Records Protect You in an IRS Audit: A Tax Law Perspective   When it comes to IRS audits, the importance of accurate and comprehensive recordkeeping cannot be overstated. Whether you are a small business owner, a self-employed professional, or a corporate executive, maintaining proper records is not just good business practice—it is a...

    IRS OIC vs. Installment Agreement: Which Wins? When Tax Debt Looms: Comparing IRS Offers in Compromise and Installment Agreements If you’re facing an IRS tax bill you can’t pay in full, you’re not alone. Millions of taxpayers struggle with unpaid tax debt each year. The good news is that the IRS offers legitimate...

IRS Audit Triggers: What Puts Your Return at Risk Filing a tax return can feel stressful, especially with the fear of an IRS audit looming in the background. While most tax returns are processed without issue, certain IRS audit triggers can increase the likelihood that your return will be reviewed. Understanding these red flags—and how...

Innocent Spouse Relief: How to Avoid Paying Your Spouse’s Tax Debt     When you file a joint federal income tax return, both you and your spouse are generally responsible for the entire tax liability. This rule—known as joint and several liability—allows the IRS to collect the full amount of tax, penalties, and interest from...

Handling IRS Letters Without Getting Overwhelmed Receiving a letter from the IRS can be stressful, even for individuals who are generally organized with their taxes. Many taxpayers immediately worry that they owe more than expected or are under investigation. The good news is that not all IRS correspondence signals a serious problem. Understanding how to...

IRS Fines Explained: Tips to Lower Your Risk Paying taxes can be stressful, but the consequences of missteps can be even worse. IRS fines and penalties can quickly add up if you miss deadlines, underreport income, or make errors on your tax return. Understanding these penalties and knowing how to minimize your risk is key...

Protect Your Retirement Accounts from IRS Levies When it comes to safeguarding your financial future, protecting your retirement accounts from IRS levies is essential. An IRS levy is a legal seizure of your property or assets to satisfy a tax debt. Unlike a tax lien, which is a claim against your property, a levy actually...

  What to Do If the IRS Audits Your Small Business: A Practical Guide   Running a small business comes with many responsibilities—managing finances, paying employees, tracking expenses, and staying compliant with tax laws. One of the most stressful situations an owner may face is an IRS audit. But an audit does not automatically mean...

IRS Asset Checks: Key Triggers and How to Prepare When it comes to managing taxes, most taxpayers focus on filing accurately and on time. However, the IRS has tools beyond audits to ensure compliance, including asset checks. Understanding the triggers and knowing how to prepare can save you from unexpected financial scrutiny and potential penalties....

IRS Levies vs. Garnishments: Taxpayers Must Know Facing tax debt can be stressful, especially when the IRS takes collection actions like levies or garnishments. Understanding the difference between these enforcement tools is crucial for protecting your income, assets, and financial stability. This guide explains how each works, your rights, and strategies to respond effectively. What...