Receiving an IRS collection notice can be stressful, especially when the notice includes unfamiliar terms or references the IRS Automated Collection System. Many taxpayers are unsure what ACS is, why their account is being handled by it, or whether the IRS is about to take more serious collection action. The IRS Automated Collection System (ACS) […]
What is Form 1099-K?
If you sell products online, run a side hustle, accept credit card payments, or receive payments through certain third-party platforms, you may receive a Form 1099-K at tax time. The form can be confusing because the amount listed on it is not necessarily the same as your taxable income. A 1099-K is an IRS information […]
What You Need to Know About State Tax Audits
We often discuss IRS tax audits, but state tax authorities can also examine your tax returns and business records. Like an IRS audit, a state tax audit can be stressful and intimidating. However, understanding why audits happen and what to expect can help you prepare for the process. A state income tax audit may involve […]
Do I Need a Tax Attorney?
Tax problems can range from a simple question about a tax return to a complicated dispute involving the IRS, substantial tax debt, or potential legal consequences. If you are wondering, do I need a tax attorney? The answer depends largely on the complexity of your situation, the amount of money involved, and whether your tax […]
What Tax Bracket Am I In? Complete 2026 Guide
If you’re wondering what tax bracket you may be in, the answer depends on two key factors: your taxable income and your federal tax filing status. For 2026, federal income tax rates range from 10% to 37%, but being in a particular tax bracket does not mean all of your income is taxed at that […]