Assigned an IRS Revenue Officer? Here’s What to Expect
A Step-By-Step Guide To Settling Tax Debt With The IRS
Tax debt settlement may feel like a burden you can’t shrug off. But trust us, it’s a situation that can be approached calmly, step by step, just like any other problem. You are not alone in this process. Our TaxRise experts can provide a free tax...
Can The IRS Tax Levy Be Issued Without Notice?
Imagine receiving an IRS tax levy out of nowhere. It sounds like a bad dream, a hard hit no one wants to face. However, the idea of an IRS tax levy without notice is a concern that disturbs the peace of many taxpayers. However, it’s time to lay these fears to...
What Does An IRS Audit Letter Look Like?
An IRS audit letter—a term that can send shivers down the spines of individuals and businesses alike. It’s when your financial affairs are scrutinized by one of the most formidable government agencies, the Internal Revenue Service (IRS). Characteristics of an...
What Is A Tax Resolution?
Tax issues can be overwhelming, but understanding tax resolution can provide a path forward. Tax resolution involves procedures and services designed to help individuals and businesses address and settle their tax debts with the IRS or state tax authorities. This...
What Are Back Taxes?
Back taxes are sums of money that people or companies owe to the government from past years. This money is from income that was not taxed properly when it should have been. Understanding what back taxes are is the first step for anyone who needs to pay them. Every...
How Far Back Can The IRS Audit You?
An IRS audit examines an organization’s or individual’s financial records and transactions to confirm that they have been accurately reported in compliance with tax laws and that the correct amount of tax has been declared. So, how far back can the IRS...
Detailed Guide on Tax Rate for Gambling Winnings and Casino Earnings
Experiencing a win at the casino or through a lottery can be exhilarating, but it’s essential to remember that these winnings are subject to taxation. The IRS mandates that gambling winnings are taxable income. This guide aims to demystify the tax rate for...
IRS 600 Dollar Rule: How It Affects You
There’s no doubt that ways to earn income online are growing, and companies like PayPal and Venmo are legally bound to report these payments. But, if you’re confused if paying taxes on third-party payment apps applies to you, along with what the IRS 600-dollar rule...
Does Tax Debt Carry Over From Year To Year (And How To Get Rid Of It)
2023 is right around the corner, and many Americans are planning their New Year’s resolutions. Exercise, spending more time with family and friends, and learning a new hobby may be at the top of that list — but what about tackling the tax debt that may carry...
