Learn everything you need to know about the 2019 Tax Season

$24,000 New standard deduction for married filing jointly. With the passage of the Tax Cuts and Jobs Act, preparing your 2018 taxes is not business as usual. There are many changes to the tax laws this year that you need to know about. Remember that taxes are due Monday, April 15th this year. Although that […]

tax filing status - End of year tax filing tips

Standard tax deductions 2018/2019 Single taxpayer – $12,000 Married taxpayers filing a joint return – $24,000 Head of household taxpayers – $18,000 Single taxpayer blind or 65 and older – $13,550 Single taxpayer – 65 or older and blind – $15,100 Head of household blind or 65 and older – $18,550 Head of Household 65 […]

Tax Debt Relief for Medical Reasons

Did you suffer a medical emergency which prevented you from filing your taxes? If so, penalties and interest are likely contributing to a growing pool of tax debt. However, there may be a way out. The IRS offers tax debt relief for medical reasons. In 2016, taxpayers who failed to pay their taxes were assigned $4.9 billion […]

How to Respond to IRS Letter 226J

Are you a business owner that the IRS considers an applicable large employer? If so, you’re required to provide your full-time employees with an opportunity to enroll in a health insurance plan with at least the minimum essential coverage. If you don’t meet the IRS’s requirements, however, you may receive IRS Letter 226J and be on the […]

How to Respond to IRS Letter 12C

How to Respond to IRS Letter 12C

Unless it is a refund check, nobody likes to get a letter from the IRS. It can spark a feeling of panic. However, remain calm. There is always a path you can take to resolve any issue that arises and move on. If you receive an IRS letter 12C, the IRS simply needs more information […]

How to Respond to IRS Letter 3174

How to Respond to IRS Letter 3174

When you owe money to the IRS, you will begin to receive letters. While you should always read them and respond right away, IRS Letter 3174 is especially important. It is the last notice you will receive before your property is levied or seized. Read on to learn more about this letter, how to respond, […]

How to Respond to IRS Notice of Intent to Levy (CP 297)

What is an IRS Notice of Intent to Levy (CP 297) and what should you do about it? First things first, relax so you can make sense of the situation. The IRS provides taxpayers with many options whether you can pay the tax debt right now or not. The important thing is to understand what […]

How to Respond to IRS Letter 531

Did you receive a Notice of Deficiency (CP531) from the IRS? If so, it means that the information the IRS received about you was different from what you reported on your return. Further, it proposes that you owe more tax. It’s important to respond to IRS Letter 531 promptly, especially if you disagree. Read on […]

How to Respond to IRS Letter CP3219A

How to Respond to IRS Letter CP3219A

IRS Letter CP3219A is sent when the IRS receives information about you that is different from what you reported on a tax return. The notice will inform you whether the proposed changes cause an increase or decrease in your tax liability. Be sure to open and read through this letter immediately upon receipt as your […]

How to Respond to IRS Letter LT11

How to Respond to IRS Letter LT11

If you receive IRS Letter LT11, it means you are experiencing some trouble with Uncle Sam. Don’t panic. As long as you respond in a satisfactory manner, you can resolve the problem without having your property seized. What are your options for responding? Here are four you should know. How to respond to IRS Letter […]