Articles by Logan Allec, CPA
What Happens If You Owe the IRS More Than $50,000?
If you owe the IRS more than $50,000, the following nine things will happen:…
IRS Currently Not Collectible Status: What Does It Mean?
While the offer in compromise (OIC) is often sold as the be-all and end-all…
IRS SFR (Substitute For Return) Explained by a CPA
An IRS SFR — or substitute for return — is a tax return the…
IRS Notice CP501: What It Is and How to Respond
IRS Notice CP501 is the 1st Notice of a Balance Due. Now, this is…
IRS Letter 3219: What To Do When the IRS Sends You a Notice of Deficiency
IRS Letter 3219 is the 90-day letter issued by an IRS service center after…
IRS Letter 1862: How to Respond to an IRS Letter 1862
IRS Letter 1862 is a letter issued by an IRS tax examiner to a…
IRS Notice CP2000: What It Is and How to Respond
IRS Notice CP2000 is the Notice of Underreported Income. The IRS typically sends this…
Trust Fund Recovery Penalty Explained by a CPA
If you have employees, you know — or you should know — that you are…
IRS Substantial Understatement Penalty Explained by a CPA
The IRS substantial understatement penalty is the penalty described in Internal Revenue Code Section…
IRS Penalty Abatement: How to Get IRS Penalties Waived
IRS penalties can be onerous, adding thousands of dollars to a taxpayer’s balance with the…
IRS Crypto Audit: What to Do When the IRS Sends You a Crypto Letter
Did you receive an IRS letter proposing a HUGE amount due on your cryptocurrency…
CP2000 Response Letter Sample
Below are various CP2000 response letter samples that we have submitted to the IRS…