When it comes to running a business, one of the key goals is to minimize expenses and maximize profits. One often overlooked avenue for achieving this is by taking advantage of tax deductions. Section 179 of the Internal Revenue Code offers a powerful tool for business owners to significantly reduce their tax liability while investing […]
Article from November 2025
IRS Revenue Officer vs Revenue Agent: What’s the Difference?
The IRS plays a critical role in ensuring that taxpayers comply with U.S. tax laws. Within the IRS, various professionals are tasked with different responsibilities, including revenue officers and revenue agents. While these roles may sound similar, they have distinct functions and purposes within the IRS. Understanding the difference between an IRS revenue officer and […]
What is Audit Reconsideration?
When the IRS completes an audit and assesses additional tax, penalties, or interest, many taxpayers feel trapped by the results, especially if they missed deadlines or didn’t have the documents needed during the audit. Fortunately, the IRS offers a remedy called audit reconsideration, which allows taxpayers to challenge the outcome of a completed audit without going through Appeals or Tax […]
How to Stop an IRS Levy
Facing an IRS levy can feel overwhelming, especially when your wages, bank account, or other property is at risk. Because a levy involves actual seizure, not just a claim, it is one of the most serious actions the IRS can take. Fortunately, taxpayers have several options to halt levies and negotiate a more manageable resolution. Understanding these options and taking […]
10 Warning Signs of Tax Identity Theft You Shouldn’t Ignore
Tax identity theft is one of the fastest-growing forms of fraud, and most victims don’t realize anything is wrong until the IRS rejects their tax return or sends a notice about income they never earned. Because scammers often strike early in the filing season, your best defense is being able to spot the early signs of tax identity […]