Top 5 Most Common IRS Tax Issues and How to Resolve Them
Introduction
Taxation is an integral part of any functioning society, and in the United States, the Internal Revenue Service (IRS) is responsible for managing and enforcing tax laws. Understanding common tax issues and their resolution is crucial for every taxpayer to successfully navigate the complex world of taxes. This...
A Beginner’s Guide to Tax Resolutions
Introduction
Tax resolutions are a vital aspect of personal finance that demands attention and comprehension. Many individuals find themselves overwhelmed by the complexities of tax obligations and often need help understanding the significance of tax resolutions. However, acquiring knowledge in this domain is crucial for maintaining financial stability, avoiding...
Gig Workers on the Radar: How On-Demand Workers Can Reduce Their IRS Audit Risk
Introduction
As the shift from traditional employment to self-employment and business ownership continues, many workers are finding themselves in a brand-new situation. The IRS has noticed the shift to gig work, freelancing, and self-employment, and their auditors and agents are increasingly focusing on those brand-new small business owners.
What Do Tax Resolution Companies Do?
Introduction
Taxation is a fundamental aspect of any society, serving as the lifeblood that fuels government operations and public services. However, navigating the complex world of taxes can be an overwhelming and daunting task for individuals and businesses alike. When faced with tax-related issues such as outstanding debts, audits,...
Understanding a Notice of Federal Tax Lien and What to Do About It
Introduction
In the intricate realm of taxation, few things can be as perplexing and unnerving as receiving a Notice of Federal Tax Lien (NFTL) from the Internal Revenue Service (IRS).
For taxpayers who find themselves in this precarious situation, understanding the implications and potential courses of...
Tax Resolution and Your Finances
Handling tax debt can be extremely daunting. Feeling overwhelmed and helpless in such circumstances is normal, but it is crucial not to allow fear and helplessness to immobilize you.
As each day passes without taking action, interest and penalties continue to accrue, potentially causing your financial obligations to soar...
What is Income Tax Resolution?
Introduction
Tax resolution plays a fundamental role in the financial landscape for individuals and businesses. It refers to the process of resolving tax-related issues with government tax authorities, typically involving the Internal Revenue Service (IRS) in the United States.
These issues can range from unpaid taxes...