When you find yourself facing IRS debt collection, you might feel panicked and overwhelmed. Knowing how to communicate with the agent can make a significant difference in resolving the situation. With a few helpful tips on what you should and should not say, you can...
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Federal And State Tax Collections
How to plan for tax season following a divorce
If you have just filed for divorce, or gone through a divorce recently, you may be wondering how this will affect your taxes in 2024. Taxes can indeed be daunting in normal times, and a divorce can change things considerably. Of course, it is important to address...
How to plan for tax season following a divorce
If you have just filed for divorce, or gone through a divorce recently, you may be wondering how this will affect your taxes in 2024. Taxes can indeed be daunting in normal times, and a divorce can change things considerably. Of course, it is important to address...
How do IRS payment plans work?
If you find yourself facing a tax bill that you are unable to pay in full, the IRS offers payment plans as a viable solution. These plans allow you to settle your tax debt over time, providing financial relief while ensuring compliance with your tax obligations. Every...
4 actions to avoid during an IRS audit
Facing an IRS audit can be a daunting experience for any small business owner. To navigate this process successfully and minimize potential consequences, it is important to be aware of actions to avoid during an IRS business audit. 1. Neglecting recordkeeping...
New businesses need to plan for taxes
Starting a new business in New York can be an exciting endeavor, but it also comes with a host of responsibilities, including understanding and managing various tax considerations. Taxes play a crucial role in the financial health of your business, and being...
An overview of the Taxpayers Bill of Rights
Understanding your rights as a taxpayer is important. The Taxpayers Bill of Rights establishes the rules and expectations to ensure fair, transparent tax collection. Many taxpayers are unfamiliar with their rights, which can lead to complications and costly mistakes....
Approaching bank levies logically and systematically
Serious tax law matters are often complex, and their resolution tends to involve large private and public bureaucracies. Because of this, certain processes can seem to result in paradoxes or inescapable situations. One example that is frustrating for many taxpayers is...
Understanding why you should avoid tax evasion
Even if you have good reason to believe the IRS requires you to pay more than you should, evading your responsibilities can have costly repercussions because it is against the law. Your understanding of why this practice could have consequences may give you the...
Your guide to New York tax collections
When you get a state tax bill, you want to pay it on time to avoid any penalty fees. However, when you do not pay your tax bills on time, New York's Department of Taxation and Finance will contact you before beginning the collection process. Here is what you need to...