Articles by Logan Allec, CPA
What Does CP Stand For in IRS Notices?
CP stands for “computer paragraph” in IRS notices. In Internal Revenue Manual § 20.1.3.1.5,…
IRS Notice CP501: What It Is and How to Respond
IRS Notice CP501 is the 1st Notice of a Balance Due. Now, this is…
How to Fight the IRS and Win in 10 Steps
When people talk about “fighting the IRS,” they generally have in mind one of…
Does Bankruptcy Clear Tax Debt?
Bankruptcy can clear certain kinds of tax debt. However, bankruptcy does not clear all kinds…
What the IRS Fresh Start Program Is…And Isn’t (Explained by a CPA)
If you have tax debt, you’ve probably heard about the IRS Fresh Start Program…
Trust Fund Recovery Penalty Explained by a CPA
If you have employees, you know — or you should know — that you are…
What Happens If You Don’t File Taxes?
Every day I talk to people who haven’t filed their taxes — sometimes for…
How Much Should I Offer in Compromise to the IRS?
So you’ve read up a bit on what an offer in compromise is and…
How to File Your Back Taxes, Avoid Penalties, and Get Your Life Back on Track
Every day, my team and I speak with people who have not filed their…
IRS Statute of Limitations: How Far Back Can the IRS Go?
Over 10 million Americans owe back taxes to the IRS — but do they…
Divorce and Taxes Owed: What to Do When the IRS Is Coming After You For Your Ex’s Problem
For many divorced spouses, their divorce did not mean the end of their mutual…
What Is a Federal Tax Lien?
An IRS tax lien is the IRS’s legal claim to your property — including…
