Posts Tagged ‘IRS penalties’
Planning for Federal Tax Policy Shifts And Your IRS Liabilities
Federal tax policies are constantly evolving, and these changes can significantly impact both individual taxpayers and small business owners. New legislation…shifts in economic priorities…changes in government leadership…all of these can influence everything from income tax rates to available deductions and credits. Failing to adapt to these shifts can lead to higher tax liabilities, missed…
Read MoreThe Ultimate Guide to IRS Debt Resolution: Options and Strategies
If you’re dealing with an IRS tax debt situation, you are certainly not alone. A recent report revealed that some 11.23 million Americans owe a total of more than $125 billion in back taxes to the IRS. Every individual has unique reasons for falling into arrears with the IRS. For some, it’s underreported income…
Read MoreHow 2025 Federal Tax Changes Could Affect Your IRS Debt
Change is in the wind. And when it comes to the way your IRS debt is managed by the federal government, there’s a lot of change to stay on top of. For virtually all taxpayers in the US, paying federal tax on income is a part of life. So, if you’re one of the…
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