Understanding tax liens is essential for anyone who owes taxes, whether to the federal government or a state taxing authority. A lien can have serious implications for your finances and even your ability to sell or refinance property. While the term “tax lien” is often used broadly, not all tax liens are the same. There […]
Article from May 2025
When Does the IRS Pursue Criminal Charges?
Tax evasion and tax fraud are federal crimes. Both involve the willful attempt to either evade the assessment or the payment of taxes. But at what point does the IRS pursue criminal charges for these actions? What consequences are included in the criminal charges? How does one prevent these charges from being brought upon them? […]
Owe the IRS? Expect More Collection Notices This Year
If you owe the IRS, you could be facing revenue officers, private debt collectors, or ACS (Automated Collection Services). CEO David King and Lead Tax Attorney/Chief Tax Officer Philip Hwang break down what to expect from the IRS in 2025, what your IRS notice means, and how to resolve your tax debt before it escalates. […]
How LLC Owners Should Pay Themselves to Minimize Taxes
Choosing how to pay yourself as an LLC owner is one of the most important financial decisions you’ll make as a business owner. While the LLC structure offers flexibility, that flexibility can be confusing without clear guidance. The way you pay yourself depends on how your LLC is taxed. Selecting the right strategy can make […]
How to Renew Your ITIN
The Individual Taxpayer Identification Number (ITIN) is a crucial identification number used by individuals who are required to have a U.S. taxpayer identification number but are not eligible to obtain a Social Security Number (SSN). It’s primarily used for tax purposes. If your ITIN is set to expire or has already expired, renewing it is […]