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tax problems

IRS Sets Sights on Business Jets: Ensuring Tax Compliance for High-Income Individuals

Got some news from the IRS that might interest you. They're getting ready to conduct audits on business aircraft to ensure they're being used in compliance with tax laws. This move is part of their ongoing efforts to improve tax compliance among...

IRS Resumes Sending Collection Notices After Pandemic Pause

Starting this January, the IRS gears up to send automated collection notices and letters to individuals with tax debts predating 2022 and to businesses, tax-exempt organizations, trusts, and estates with debts before 2023. There are exceptions...

Avoid a Surprise and check your withholdings!

As we hurtle toward the grand finale of 2023, the IRS is doing its best impression of a friendly, not-so-subtle nudge, urging taxpayers to take a look at their tax withholding. Why, you ask? Well, they want to prevent the kind of surprise party...

6 Crucial Tips to Avoid an IRS Audit

Getting audited by the Internal Revenue Service (IRS) can be a stressful and time-consuming experience. To help you steer clear of this potential nightmare, I'm here to offer some valuable advice from my years of experience as an accountant. While...

What is Injured Spouse Relief

Injured spouse relief is a program that provides tax relief to spouses who have had to pay out-of-pocket expenses for qualifying medical expenses. These expenses can be related to the injury or illness of either spouse and can include things like...

Payroll Tax Debts And Personal Liability

Employers have a number of legal and financial obligations with regard to their employees. One such obligation is the payment of payroll taxes. Failure to pay these taxes can result in significant penalties and interest, as well as personal...

Innocent Spouse Relief Part 3 – Equitable Relief, 6015(f)

In our last blog post, we talked about Innocent Spouse Relief Part 2 – Injured Spouse Relief. This week, we will be discussing Equitable Relief, 6015(f). As the name suggests, this type of relief is meant to provide fairness in tax cases where one...

Innocent Spouse Relief Part 2 – Separation of Liability, 6015(c)

Separation of liability is a key part of the IRS's process for providing innocent spouse relief. This relief allows a taxpayer to be relieved of responsibility for paying taxes on a joint tax return if he or she can show that it would be unfair to...

Innocent Spouse Relief Part 1 – Innocent Spouse, 6015(b)

For people who are married and file a joint tax return, if only one spouse is responsible for the errors or omissions on that return, the IRS may be able to hold both spouses liable for any resulting tax deficiencies and penalties. This is known as...

Challenging A Tax Debt In Bankruptcy

Bankruptcy is commonly thought of as a way to get rid of debt. But what many people don't realize is that bankruptcy can also be used to challenge certain types of debts - including taxes. Challenging a tax debt in bankruptcy is complex, and it is...