Receiving a notice from the IRS can be a traumatic experience, especially if you’re not sure what it means or how to respond. One common notice taxpayers receive is CP11, which typically informs recipients about changes made to their tax return resulting in a refund being adjusted. Understanding what to do when you receive CP11 […]
Common IRS Penalties & How to Avoid Them
Owing the IRS doesn’t just stop with your tax balance. If your tax obligations are not met, you could face penalties that can make your debt even more unmanageable. Understanding common IRS penalties and how to avoid them is essential for taxpayers to stay on the right side of the law and minimize financial consequences. […]
What is the IRS Dishonored Check Penalty?
Dealing with the IRS can be an unnerving task for many taxpayers, especially when unexpected penalties arise. One such penalty that often catches people off guard is the dishonored check penalty. Understanding this penalty and how to avoid it is crucial for taxpayers to navigate their financial obligations smoothly. In this article, we explore the details […]
What You Need to Know About IRS Notice CP2000
Receiving a notice from the IRS can be anxiety-inducing for anyone. Among the various notices the IRS sends, Notice CP2000 stands out as one that often causes confusion and concern among taxpayers. However, understanding what Notice CP2000 entails and how to respond to it is crucial for resolving any discrepancies with your tax return. In […]
What Happens to IRS Tax Debt When You Die?
Death is an inevitable part of life, but what happens to our financial obligations when we pass away? Among the many considerations that arise after someone dies, tax liabilities can be a complex issue that requires careful attention and understanding. While tax liabilities don’t simply vanish upon death, the way they’re handled can vary depending […]
What is an IRS Notice of Intent to Offset?
Receiving a notice from the IRS is never pleasant, especially when it involves a Notice of Intent to Offset. This notice signals the IRS’s intention to collect a liability owed to a government agency or entity. They do this by using any federal payments due to you. This might be a concerning situation. However, understanding […]