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What Happens If A Form 8300 Is Filed On You?
What happens if you receive a large cash payment that changes your tax implications dramatically for the year? You may receive a Form 8300, the IRS’s way of informing you that your tax for the year is... ...more
IRS Tax Notices
August 23, 2024•5 min read
Is A Certified Letter Bad News? A Comprehensive Guide
You open your mailbox and see a little sliver of something in that signature yellow—you hope, you dread. Is it one? You pull it out, and lo and behold, a certified letter. But does it mean bad news? B... ...more
IRS Tax Notices
August 22, 2024•4 min read
Can You Get a Passport If You Owe Back Taxes?
The question doesn’t have a simple yes or no answer. Passport denial is a lever the IRS can pull if they’ve found you particularly uncooperative in paying your taxes. ...more
IRS Tax Notices
August 21, 2024•4 min read
Understanding IRS Notice LT38: What You Need to Know
This article aims to demystify Notice LT38, explaining its purpose, how to respond, and the potential consequences of inaction. ...more
IRS Tax Notices
August 20, 2024•6 min read
Tax Evasion Statute of Limitations
Few topics in tax law are as essential and yet as misunderstood as the tax evasion statute of limitations. This refers to the timeframe for the authorities to pursue charges for tax-related offenses, ... ...more
IRS Tax Notices
July 19, 2024•5 min read
Why Is There A Tax Levy On My Paycheck?
You're scrolling through your bank statement when suddenly, your heart skips a beat. Your paycheck is significantly smaller than usual. After a frantic call to HR, they tell you the problem: a tax lev... ...more
IRS Tax Notices
July 16, 2024•6 min read
How to Withdraw a Federal Tax Lien Using Form 12277
With a lien, the government makes a legal claim on your property to better secure the tax debt you owe. A lien can significantly impact your credit score and affect your ability to secure loans. Fort... ...more
IRS Tax Notices
May 28, 2024•6 min read
CP504 Notice (What It Means & How to Pay)
The IRS CP504 notice is more severe than the CP501 through 503. It is your final warning to pay back the unpaid taxes you owe before the IRS takes further action. In the following article, we’ll dis... ...more
IRS Tax Notices
May 22, 2024•6 min read
CP503 Notice (What It Means & How to Pay)
So you’ve received a CP503 notice from the Internal Revenue Service (IRS). You may be feeling concerned or overwhelmed by the prospect of dealing with unpaid taxes. But there’s no need to panic – you... ...more
IRS Tax Notices
May 10, 2024•5 min read
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