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Tax Tips & News

Clear guidance and practical insights for your tax questions.

Can You Get Money Back If the IRS Levies Joint Bank Accounts?

When the IRS levies a bank account, it can freeze all of the funds in that account, up to the amount owed in back taxes. Unfortunately, it doesn't just affect taxpayers' own accounts – the IRS can also levy joint bank accounts. If you fi...

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Understanding What’s Next if You Owe the IRS $20,000

Owe the IRS $20,000? Understanding What To Do Next Owing $20,000 (or more) to the IRS is a substantial financial problem that's likely causing you a lot of stress and uncertainty. As insurmountable as these back taxes might seem, it's im...

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What the LT11 Notice from the IRS Means and What to Do

LT11 Notice: How to Protect Your Assets From IRS Seizure IRS Notice of Intent to Levy (LT11), which is very similar to Letter 1058, informs you that the IRS is about to take action against your unpaid tax debt. It’s a jarring notice. Typ...

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Fear Versus Fact: Can I Go to Jail for Unpaid Taxes?

Will I Go to Jail for Unpaid Taxes? Separating Fear from Fact If you owe money to the IRS for back taxes , you already know that you face the prospect of IRS collection actions, such as liens and levies. But you might also wonder if you...

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Navigating a FL Sales Tax Audit as a Business Owner

Navigating a Florida Sales Tax Audit: A Business Owner’s Guide If you file sales tax returns in Florida, there's always a chance that you could be selected for a sales tax audit. The better you understand how the audit process works, the...

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How Government Shutdowns Affect the IRS and Tax Payments

Taxpayer Guide to Government Shutdowns Why You Still Need to File and Pay on Time U.S. law requires Congress to pass an annual budget – and if one isn't passed by October 1, the government shuts down. That puts millions of federal employ...

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Florida Sales Tax for Businesses Explained

Florida Sales Tax: A Guide to Compliance for Businesses Every business in Florida that sells products or services must understand the state’s sales tax laws. As a business owner, you are responsible for collecting sales tax at the time o...

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What Happens If You Ignore IRS Notices About Tax Debt?

The Escalating Consequences of Ignoring IRS Notices Nobody likes getting mail from the IRS. However, burying your head in the sand and ignoring the notices can quickly land you in trouble. From accelerated IRS enforcement to compound pen...

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What Can the IRS Take If You Don't Pay Your Taxes?

What the IRS Can and Cannot Take: Your Complete Guide to IRS Seizure Power Receiving an IRS notice about potential asset seizure can be frightening, especially if it’s unexpected. However, while the IRS does have significant collection p...

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What if You Don't File Taxes? Penalties to Legal Charges

What Happens If You Don't File Taxes? From Loss of Refund to Jail You've been procrastinating on filing taxes, and you eventually missed the deadline. And now you're panicking, and you have questions like: What will happen to me? Can I g...

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Enrolled Agent vs. Attorney: Who Should Handle Your Tax Problem?

Facing a tax issue—whether it’s an alarming IRS notice, audit, or unpaid balance—is overwhelming and mentally all-consuming. When taxpayers look for help with these issues, they often wonder who they should call for help—an Enrolled Agen...

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IRS Penalty Abatements

In the intricate world of federal and state taxes, on misstep can lead to daunting consequences. The Internal Revenue Service (IRS) is known for its strict guidelines, and when individuals or businesses fall behind on their tax obligatio...

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What is "Tax Resolution"

"Tax resolution" refers to the process of resolving tax-related issues and liabilities with tax authorities, particularly with the Internal Revenue Service (IRS) in the United States. When individuals or entities face challenges such as...

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