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Traxion Tax Blog

Will the IRS Take a Settlement?

By Traxion Tax September 4, 2020
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If you owe the IRS more money than you can afford to pay, you may be wondering … will the IRS take a settlement? If you have any outstanding tax…

How Often Does IRS Accept Offer in Compromise?

By Traxion Tax August 31, 2020
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If you’re unable to pay the amount of your tax debt, you may be interested in exploring an offer in compromise as an alternative. So, how often does IRS accept…

Can You Negotiate a Settlement with the IRS?

By Traxion Tax August 20, 2020
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If you owe money to the IRS, you may be interested in negotiating a smaller payment. This can help save you money as you resolve the debt. In this article,…

The Traxion Tax Guide to the Paycheck Protection Program (PPP)

By Traxion Tax April 15, 2020
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What is the Paycheck Protection Program (PPP)? The Paycheck Protection Program (PPP) is a loan plan from the CARES (Coronavirus Aid, Relief, and Economic Security Act). It is an approximately…

The Traxion Tax Quick Guide to Help You Get Your Stimulus Payment

By Traxion Tax April 10, 2020
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The CARES Act, the biggest disaster assistance program in U.S. history with an unparalleled $2 trillion recovery plan, should bring relief to people, companies, and sectors who have been struggling…

What’s Involved With an IRS Offer in Compromise

By Traxion Tax July 26, 2019
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An IRS Offer in Compromise Each year, nearly one out of every four Americans owes the government federal income taxes. For many of this 25%, the amount owed is overwhelming.…

What to Know About IRS Collection Notices

By Traxion Tax July 12, 2019
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What to Know about Collection Notices A common misconception about the IRS is that it’s this soul-less behemoth of a government agency that is out to get you with unrelenting…

Do I Qualify for the IRS Fresh Start Initiative?

By Traxion Tax July 11, 2019
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Do I Qualify Do I Qualify for the IRS Fresh Start Initiative? A nightmare scenario for many small business owners and individuals starts with getting bad news from the IRS.…

Why Am I Being Audited?

By Traxion Tax May 31, 2019
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First off, don’t panic if you learn you’re being audited by the Internal Revenue Service! TV and the movies make a federal tax audit seem more common and serious than…

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