Category: Tax Help

A Deep Dive Into Form 14653

22 July, 2024 | FBAR Tax Help Tax Issues

Living outside the United States while still a citizen can be challenging, as you still have legal obligations and requirements you must fulfill with the U.S. government. It’s easy to fall behind on tax filings and other legal obligations, and in fact, many people don’t even realize they have these obligations until they have lived abroad for years. Luckily, the IRS understands that errors resulting from non-willful co... CONTINUE READING

Is the IRS Fresh Start Program

5 May, 2024 | Tax Debt Tax Help

Is the IRS Fresh Start Program Legitimate? What to Look Out For If you’ve struggled with past due taxes, an ever-growing tax bill, and more interest and penalties than seem fair, you’ve likely come across information on the IRS Fresh Start program. Depending on your sources, you may have heard that it’s a way to pay less than what you owe on your taxes, a way to spread payments out over time, or a way to delay payments until you are able to ca... CONTINUE READING

When the IRS Files for You: Substitute for Return (SFR)

8 April, 2024 | Tax Help Unfiled Tax returns

IRS Substitute for Return: What Happens When the IRS Files a Return for You? Statistics from 2023 show that individual taxpayers collectively owe over $316 billion to the IRS in overdue taxes. Many of these taxpayers failed to ever report their taxes, and in these situations, the IRS has the right to generate a substitute for return on their behalf. These tax return estimates often greatly over... CONTINUE READING

IRS Automated Collection System (ACS)

7 April, 2024 | Payment Plans tax collections Tax Help Tax Issues

What to Expect When the IRS's Automated System Tries to Collect Your Back Taxes If you have outstanding tax debts your account is typically sent to the IRS Automated Collection System (ACS). The ACS is a system used to manage the collection of outstanding IRS tax debts from individual taxpayers and businesses. If you have received a notice from IRS ACS and are unsure what to expect, here’s everything you need to know. What is the IRS Automated Collection System?... CONTINUE READING

Mastering Tax Filing: A Comprehensive Guide to Correcting Errors in Your Tax Return

27 January, 2024 | Tax Help Tax Issues

Introduction: Filing taxes annually is an inevitable task that often induces anxiety, compounded by the fear of making errors that can add an extra layer of stress. Despite one's diligent efforts, mistakes can manifest on a tax return, ranging from simple math miscalculations to more intricate issues. Swiftly addressing these errors is paramount to avoid potential repercussions. This article delves into the nuanced impact of tax errors and provides a co... CONTINUE READING

Tax Identity Theft and the IRS IP PIN

11 June, 2023 | Tax Help Tax Issues

Tax ID Theft It has been become very common to hear news about identity theft where confidential information is being stolen and used to steal a person’s money by taking over the identity of that person. Most often the start of that process begins when sensitive data is stolen by a data breach. There are many forms of identity theft. For tax purposes, this occurs when a person or entity obtains your social security... CONTINUE READING

What Does IRS Notice CP501 Mean & What to Do?

3 June, 2023 | Tax Debt Tax Help

CP501 is one of the first notices that you will receive if you owe taxes to the IRS. Usually, the agency sends out CP501 notices to taxpayers whose accounts are in the automated collection system (ACS). In contrast, other notices, such as the CP14, may come from the ACS or a revenue officer. This notice is a demand for payment. It doesn't threaten any advanced collection... CONTINUE READING

IRS Tax Relief Forms and Instructions

26 April, 2023 | Tax Debt Tax Help

IRS Tax Relief Forms: Resources for Taxpayers The Internal Revenue Service has many different options for people who get behind on their taxes. But to request help, you need to file the right forms. This guide provides an overview of the relief forms you need to file based on the resolution option you want to pursue. Keep in mind that in some cases, you may need to apply for multiple programs. IRS Penalty Abatement If you file or pay late, the IRS will assess penalties on yo... CONTINUE READING

Tax Emergency? Guide to Form 911 for Taxpayer Advocate Help

2 April, 2023 | Tax Help

You can request help from the Taxpayer Advocates office by filing Form 911. This form allows you to get help from a neutral division of the IRS if you're unable to resolve your issue through normal channels. However, it's important to note that while the advocates can help with many issues, they aren't the right answer for every IRS problem and will not advocate for you in the same manner as an Attorney would. This guide is your introduction to the Taxpayer Advocate Serv... CONTINUE READING

NY State Tax Warrant: What to Expect and How to Resolve

4 December, 2022 | Tax Debt Tax Help

What Is a Tax Warrant in NY? How to Resolve New York Tax Liens The New York Department of Taxation and Finance (NYS DTF) can file a tax warrant against you if you have delinquent income tax, sales tax, or other New York State taxes. This is the first collection action taken by the state, and it creates the legal pathway for the NYS DTF to seize your wages, bank accounts, and property. If New... CONTINUE READING

A Deep Dive Into Form 14653

Living outside the United States while still a citizen can be challenging, as you still have legal obligations and requirements you must fulfill with the U.S. government. It’s easy to fall behind on tax filings and other legal obligations, and in fact, many people d...