What If I Cannot Afford to Pay? IRS Currently Not Collectible (CNC) Status
You owe the IRS a ton of money. You want to enter into a payment plan, but you are barely getting by. After paying all of your monthly...
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The Difference Between an IRS Lien and an IRS Levy
You have owed a significant tax debt for some time now. Thus far you have not received any threatening notices from the IRS; however,...
Can I Pay My Taxes Online?: IRS Online Payment Options
Writing and mailing a check to pay bills is becoming a phenomenon of the past. Today, most individuals and businesses opt for the ease of...
Do I Have to Pay the Entire Amount of My Tax Debt at One Time? IRS Installment Agreements
The 2018 tax season has left you with an enormous tax liability. The debt is so big that you cannot possibly pay it all at once and...
Will the IRS Really Settle My Tax Debt For Pennies on the Dollar? The Truth about IRS Offers in Comp
Owing the IRS is scary. The debt coupled with hearing what could possibly happen if the debt is not paid is downright terrifying. Then a...
Tax Relief: How do I Choose a Professional to Help with My Tax Debt?
Now that tax season is over, some taxpayers are forced to deal with the reality of a significant amount of tax debt. Whether from a...
“I’m Not Ready to File”: What You Need to Know about Filing an Extension to File Your Tax Return
Tax season is winding down. The April 15th deadline is rapidly approaching. Those who have yet to file their tax returns are starting to...
The Qualified Business Income Deduction
The Qualified Business Income Deduction Defined- An individual taxpayer who is also a small business owner may deduct up to 20% of...
When Does a Senior Citizen Stop Filing Tax Return?: The Over 65 Myth
There is a common misconception that once an individual reaches the age of 65 that they are no longer required to file an income tax...
When am I Required to File an Income Tax Return?
The starting point to determine if you are required to file a tax return is “taxable income”. Taxable income is the amount of income that...
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