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If the IRS Accepts an Offer in Compromise, Is the Amount Forgiven Taxable?
If the IRS accepts an offer in compromise for a tax debt, is the…
If You Owe State Taxes Can They Suspend Your License?
Yes, if you owe state taxes, the state may suspend your driver’s or professional…
IRS Notice CP71C Explained: What It Is and What To Do
IRS Notice CP71C is the Annual Reminder of Balance Due the IRS sends to…
CP2000 Response Letter Sample
Below are various CP2000 response letter samples that we have submitted to the IRS…
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…
IRS Substantial Understatement Penalty Explained by a CPA
The IRS substantial understatement penalty is the penalty described in Internal Revenue Code Section…
How Much Interest Does the IRS Charge? IRS Interest Explained!
The IRS is increasing its interest rates beginning in October 2023! I’ll get into…
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…
Will the IRS Do Your Taxes For You?
Yes, the IRS will do your taxes for you if you file to file…
Can the IRS Levy a Joint Bank Account?
Yes, the IRS can levy a joint bank account, even if only one of…
What Is IRS One-Time Forgiveness?
Despite what you may have heard on the radio, IRS one-time forgiveness is not a…
IRS Hardship Program EXPLAINED By a CPA Who Knows
The IRS hardship program is a special tax relief program for those who cannot…