Collection Information Statement News Today

In an earlier blog post, we discussed options available to taxpayers facing a tax balance with either the Internal Revenue Service or one of the states.

Utilizing Form 656, Offer in Compromise, you may be in a position to negotiate a settlement with the IRS. Here are the IRS basic guidelines for making an offer.

It might be tempting to put off filing taxes because you expect a big bill, but the IRS has several options to make a tax bill less burdensome.

The Employee Retention Credit is a legitimate pandemic-era credit designed to encourage businesses affected by the pandemic to avoid laying off…

Payment extensions, settlements and status reclassification can help with tax debt.

On December 21, 2023, the Internal Revenue Service ("IRS") announced (IR-2023-247) a voluntary disclosure program ("VDP") for employers that received questionable employee retention tax credits ("ERTC").

A detailed breakdown of the ERC voluntary disclosure program, its benefits, the potential risks involved, and how you can navigate the process seamlessly.

On December 21, 2023, the Internal Revenue Service (“IRS”) announced (IR-2023-247) a voluntary disclosure program (“VDP”) for employers that received questionable employee retention tax...

As we discussed in our September 25 alert, Everybody’s Got Something to Hide Except Me and My Monkey: IRS Issues Moratorium on Processing New Employee Retention Credit Claims, the...

On December 21, 2023, the Internal Revenue Service ("IRS") announced a much anticipated, and soon to be short lived, voluntary disclosure program for employers who believe...