Why Did I Get a Letter from the IRS? Understanding IRS Correspondence

Receiving a letter from the Internal Revenue Service (IRS) can be unsettling. If you’ve found such a letter in your mailbox, you might wonder why it was sent to you. The IRS oversees tax collection and law enforcement in the United States, and it sends out letters for various reasons. These could include a discrepancy […]

What to Expect During an IRS Audit and How to Prepare

Receiving a tax audit notice from the IRS can be worrying, but knowing what to expect can really help. Even though the IRS only audits a small number of tax returns each year, they are paying more attention to people with complex tax situations. Typically, a straightforward audit can take anywhere from three to six […]

Unraveling IRS Penalties: How Much, What Types, and Can You Waive Them?

Facing IRS penalties can quickly complicate your life, potentially leading to unexpected debts and stress. Nearly 70% of middle-income Americans, particularly those earning less than $100,000 a year, are greatly benefited by receiving penalty relief from the IRS. Understanding IRS penalty relief helps them avoid these financial burdens and keep more of their earnings. This […]