To file for an extension on your federal income taxes means that you are informing the Internal Revenue Service (IRS) that you will not be able to file your income tax return by the April…
IRS Transcripts: What Are They Are and Why Are They Important?
An IRS transcript is a record of your tax returns from previous years.[1] This summary or overview of your tax return information is available in five different types of reports. They include most line items…
Why Did The IRS Take My Refund?
Even though we are in the midst of the coronavirus pandemic, and the tax filing deadline has been pushed back, millions of Americans who are required to file their tax returns will get a surprise…
3 Reasons to Resolve Your IRS Tax Debt Now
Do you owe money to the IRS? If you do, you’re not alone. The Internal Revenue Service (IRS) found that more than 14 million Americans owed over $131 billion in back taxes, penalties, and interest…
How Do I Complete IRS Form 433-A?
In this episode, I discuss completion of the dreaded IRS Form 433-A. Additional Resources: How to Complete IRS Information Statement Helpful IRS Video on 433-A Referenced Form Form 433-A Collection Information Statement (OIC)
What’s a Partial Pay Installment Agreement?
In this episode, I discuss IRS Partial-Pay Installment Agreements (PPIA). Additional Resources: Online IRS Payment Plan Agreement IRS Form 9465 Instructions IRS Form 433-A Collection Info. Statement Additional Information Referenced Form Form 9465 Installment Agreement…
What’s an IRS Installment Agreement?
In this episode, I discuss IRS Installment Agreements. Additional Resources: Online IRS Payment Plan Agreement IRS Form 9465 Instructions Additional Information Referenced Form Form 9465 Installment Agreement Request
How to Qualify for First Time Penalty Abatement
The Internal Revenue Service imposes millions of dollars in tax penalties every year. In Fiscal Year (FY) 2018, the IRS collected more than $55.5 billion in unpaid assessments on returns filed with additional tax due,…
How to Handle Tax Bills When Money is Tight
For many of us, our budgets have been pushed to the limit due the impact of the coronavirus. Because of this, tax bills may present a challenge this year. However, many states and the federal…
U.S. Tax Court Practice & Procedure
U.S. Tax Court rules of practice and procedure.