By Kelly Hanley, Esq. In an unprecedented move to alleviate the financial strain caused by the COVID-19 pandemic, the Internal Revenue Service (IRS) has announced a significant penalty relief initiative. This initiative aims to aid…
By Kelly Hanley, Esq., Tax Attorney Introduction Dealing with tax issues can be challenging, especially when faced with a CP504 Notice from the Internal Revenue Service (IRS). This notice, formally titled “Notice of Intent to…
Introduction E-commerce has seen a significant shift recently, especially concerning the IRS reporting rules. This change affects millions of Americans who engage in business transactions through popular e-commerce platforms like PayPal, Cash App, Venmo, and…
Did you know that a staggering 14 million Americans owe back taxes to the IRS? Yeah, you read that right. Fourteen million. If you’re one of them, you’re probably feeling like you’re drowning in a…
The Internal Revenue Service (IRS) is undergoing a digital transformation with its Paperless Processing Initiative, aiming to make tax filing and correspondence entirely digital by 2025. While this initiative promises to streamline the tax filing…
Can You Settle with the IRS? Remember when we all thought it was impossible to put a man on the moon? Well, we did it. And now, I’m going to show you how settling with…
Overview The Internal Revenue Service (IRS) has introduced a unique feature allowing businesses to retract their Employee Retention Credit (ERC) claims. This move aims to protect small enterprises from the pitfalls of aggressive marketing and…
The October 16, 2023, tax filing deadline is just around the corner, and you need to understand what this means, especially if you have unfiled taxes. The Internal Revenue Service (IRS) has issued a reminder…
If you’ve missed the tax filing deadline 2023, you’re likely feeling a mix of stress and uncertainty. Whether you’re expecting a refund or owe money to the IRS, unfiled taxes can lead to complications. This…
Decoding the IRS Notice of Deficiency and The Deadline Dilemma The world of taxes is complicated, yet imperative to navigate. Let’s delve into the latest shift, specifically regarding the Tax Court petition deadlines – a…