Blog
IRS Penalty: How to Avoid Tax Penalties with Abatements
The term “tax season” is a bit dubious, as taxpayers and business owners, especially, know that there’s no off-season for safeguarding against IRS issues and penalties. It takes year-round defense, and it's crucial for taxpayers and business owners to be...
Tax Levy Notice! If You Received a Notice, the Levy is Coming…
Not paying your taxes has serious consequences, and one of the most financially intrusive is the IRS levy. With a levy, the federal government seizes funds from your bank account, garnishes your income, or takes possession of physical assets you...
When Should You Hire a Certified Tax Resolution Specialist? | How to Identify When It’s Time to Hire One
As a business owner or individual taxpayer, you may encounter a tax situation that requires specialized professional help to resolve. Knowing when you’re in hot water with the IRS beyond what a standard Certified Public Accountant can handle is crucial...
Tax Resolution Specialist: Why You Need a Certified Tax Resolution Specialist
“I need help filing my taxes” is much different from “I need help getting out from under IRS debt that has accumulated from years of delinquency with penalties and interest.” While a Certified Public Accountant (CPA) provides valuable services and...
Tax Liens in Louisiana | The Consequences of Avoiding Taxes
What happens when you have unpaid taxes? Delinquent taxes are not something you want to leave to linger and resolve themselves, as the tax collector will always come to take what is owed on delinquent tax bills, one way or...
How Do You Handle IRS Non-Filers Who Failed to File Taxes for Multiple Years? | What Every Tax Practitioner Should Know About Clients Who Missed Filing Their Tax Return
If you practice as a tax practitioner for any length of time, you will undoubtedly encounter taxpayers who have not filed tax returns for multiple years or terms. While some tax practitioners are quick to pass on this type of...
Don’t Let the Grinch or IRS Steal Your Christmas (and Future) | Protect Yourself from the IRS Final Notice of Intent to Levy
There are few things in life more alarming and devastating than having your hard-earned money and property taken, especially when it could easily be avoided. That’s exactly what happens when the IRS issues a Notice of Intent to Levy. Many...
The Implications of Tax Debt | Can You Buy a House If You Owe Taxes to the IRS?
How Does Owing the IRS Affect Buying a House? Buying a home can be difficult and stressful, especially if you’re not in good standing with the IRS, owe tax debt, or have tax liens against your property. Most folks understand...
Am I Liable for My Spouse’s Tax Debt? | 10 Tax Questions to Ask BEFORE You Say “I Do”
There’s nothing as certain and enduring as true love… except for the federal government and your tax obligations to them. The pitfalls of future joint tax returns and potential loss of tax benefits and tax refunds are probably somewhere near...
IRS Audits | What to Do If You Get Audited
It’s an old saying that “there’ll never be anything that’s guaranteed except death and taxes.” While Ben Franklin (and any CPA) said you should timely file your tax returns each year, sometimes law-abiding citizens find themselves facing IRS scrutiny of their...
IRS Abatement: Relief from Failure-to-File Penalties for Some
You may have heard the recent news from the IRS, and you may be eligible to benefit from it. Due to the lingering effects of the global pandemic, the IRS, in an effort to aid struggling taxpayers, issued Notice 2022-36, which provides penalty...
Remove an IRS Bank or Wage Levy – Claim Financial Hardship
Did you know that IRS will release a wage levy or bank account seizure if you can prove that you’re experiencing financial hardship? It’s true – IRS will not levy if the action causes a financial hardship that prevents maintenance of a...
Benefits of IRS Account Monitoring Service
What are the benefits of having comprehensive ongoing IRS account monitoring service? Before we get into the benefits, let’s talk about what IRS account monitoring is. What is IRS Account Monitoring Service? Tax Crisis Rescue is committed to helping taxpayers better understand...
You Filed Your Tax Return and Now You Get a Surprise Bill
After all the effort you put into getting your tax return complete and filed on time, you find out that now you owe a huge amount of tax. We see it often, and we know it feels like a kick...
The CP2000 Notice – Proposed Amount Due: What You Need to Know
What is an IRS CP2000 notice? IRS sent you a letter proposing changes to a tax return you filed AND charged additional tax, penalties and interest. This is actually a type of IRS audit initiated by the automated under reporter...
How Can I Get an IRS Penalty Abatement?
“I sure wish I could pay just the tax I owe instead of all the penalty and interest charges on top of the tax?” Have you ever had this thought? Well, you may be able to avoid the penalty if...
Avoid 2021 Tax Refund Delay
It’s the inevitable: TAX SEASON While we can’t avoid the inevitable, we can prepare for it, and there’s much to consider when filing for 2021. For tax year 2020, IRS held millions of tax returns for manual re-calculation because the...
How Do I Get Out of Payroll Tax Trouble with IRS?
Times for most of us have been tough lately, and cash flow shortages are commonplace. Sometimes business owners avoid paying in their employee’s federal withheld taxes as a short-term solution to cash shortages, choosing instead to fund other critical business...
Why File When You Can’t Pay the IRS
Lately, there has been an increased focus on the importance of filing all required tax returns, including those from prior unfiled years. Most of us are acutely aware of the recent increased spending by our federal government; consequently, our leaders...
Tax Compliance – 3 Key Tips to Resolving Your Tax Debt
Hiding from accumulated IRS debt might sound like an option for those struggling with seriously delinquent tax debt, but it’s really no solution to the back taxes you owe. If I’ve said it once, I’ve said one thousand times: you...