Can I Stop My Tax Refunds From Being Applied to My Debt?
If you’re behind on your taxes, you may already know that the IRS has the power to collect what you owe in different ways. One of the most common surprises … Read more
IRS problems typically are rooted in your tax returns – be it errors, claiming invalid deductions, or not even filing a return in the first place. Your tax return (or lack thereof) is often the seed the causes a tax problem to sprout and grow. As such, we have created the following blog posts to discuss tax returns and the various aspects related to them – getting them right the first time, or amending and correcting your returns in order to get compliant and address any concerns from the IRS.
If you’re behind on your taxes, you may already know that the IRS has the power to collect what you owe in different ways. One of the most common surprises … Read more
If you’ve ever filed your taxes expecting a refund, only to get a notice saying the IRS kept it, you’re not alone. One common reason this happens is because of … Read more
Understating your income on a tax return, whether by mistake or intentionally, is a serious issue in the eyes of the IRS. When income goes unreported, the IRS sees it … Read more
Missing the IRS tax deadline can feel stressful, but you’re not alone, and more importantly: it’s not the end of the world. Every year, many taxpayers find themselves in the … Read more
If you had no income last year, you might be wondering: “Do I need to file a tax return?” Since there’s nothing to report, skipping tax season might seem like … Read more
Sometimes life gets busy and tax season sneaks up on you. If you need more time to prepare your federal tax return, the IRS offers a solution: IRS Form 4868, … Read more
With the IRS expected to lay off thousands of employees, the 2025 tax season is shaping up to be a challenging one for both taxpayers and the agency. These workforce … Read more
If you’re a self-employed individual with unfiled tax returns, you’re not alone. Many freelancers, contractors, and small business owners miss tax deadlines for various reasons. While the IRS takes tax … Read more
Filing unfiled tax returns is an important step in addressing IRS compliance issues. If you’ve missed filing in previous years, catching up on these returns can help prevent further penalties … Read more
Falling behind on filing tax returns is a common issue that affects millions of taxpayers. Whether it’s due to life events, financial struggles, or simply feeling overwhelmed, unfiled returns can … Read more
When it comes to taxes, many people worry about the statute of limitations, especially if they haven’t filed a tax return. While this should be the least of their concerns, … Read more
Tax season often brings a flurry of forms and documents, each serving a specific purpose in the complex landscape of tax filing. One such form, often a point of confusion … Read more
Tax season can be overwhelming, but failing to file your tax return can lead to even bigger issues. If you don’t file your return, the IRS might step in and … Read more
Have you recently moved homes? Or perhaps your business has relocated to a new address? In either case, making sure that the IRS has your updated mailing address is crucial … Read more
Exciting news for taxpayers! Tax season is officially over, marking the end of a period of anticipation and preparation. As we reflect on this tax season, the IRS has shared … Read more
*** Read the recent IRS update on ERC processing as of June 20, 2024 Many business owners who submitted ERC claims and are still waiting on their credit to be … Read more
When exploring the process of claiming the Employee Retention Credit (ERC), also known as the Employee Retention Tax Credit (ERTC), it’s essential to understand that it revolves around the revision … Read more
If you are like so many other Americans, filing taxes and meeting all deadlines can be a major source of stress. For months leading up to each tax season, the … Read more
Tax planning is a critical aspect of running a successful small business. It involves making strategic decisions and taking proactive measures to optimize your tax liability, maximize deductions, and ensure … Read more
It’s no secret that filing your taxes can be complicated and daunting, but anyone who has ever filed taxes for a business knows that there is even more room for … Read more
Ⓒ 2024 Steven N. Klitzner. All rights reserved. | Privacy Policy | Terms of Service | Website by Vocational Media