A passport is an essential travel document that allows individuals to explore new horizons, visit foreign lands, and experience diverse cultures. However, the privilege of holding a passport comes with certain responsibilities, one of which is fulfilling your financial obligations to the government. In this blog article, we will explore the question of whether you […]
What is IRS Form 1040?
IRS Form 1040 is the standard U.S. individual income tax return used by taxpayers to report income, claim credits and deductions, and calculate their tax liability or refund. It is the primary document the Internal Revenue Service (IRS) uses to determine whether a taxpayer owes taxes or qualifies for a refund. For most taxpayers, whether you are […]
Why Was My Offer in Compromise Rejected?
Facing tax debt can be overwhelming, and the IRS offers several programs to help taxpayers settle their liabilities. One of the most effective tools is an Offer in Compromise (OIC), a legal agreement that allows taxpayers to pay less than the full amount owed. But not every OIC gets accepted. If your offer in compromise was rejected, it’s crucial to […]
How to File Back Taxes with Missing W-2s or 1099s
Filing back taxes can already be stressful but doing it when you’re missing W-2s or 1099s adds another layer of complexity. The IRS still requires an accurate return even if documents are late, lost, or never provided. Fortunately, there is a clear process to follow. This guide explains what to do step-by-step, how to request missing forms, what your filing options are, and […]
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 […]
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 […]