IRS Penalties: A Comprehensive Overview for Taxpayers and Relief Options!

Tax season inevitably involves a considerable amount of paperwork and detailed planning. Despite our best efforts, mistakes can sometimes happen, and it’s vital to recognize the potential consequences of encountering IRS penalties. This blog post aims to clarify the IRS penalties, providing you with the knowledge to deal with these issues. Understanding how penalties are […]

Addressing a Notice of Deficiency: A Guide to Crafting Your Response

Has the IRS sent a “90-day letter” to your doorstep? Well, that is a Notice of Deficiency indicating that there has been a discrepancy in your reported income, leading to a proposed tax adjustment. This notice, sent by mail, kickstarts a countdown for taxpayers to correct the supposed imbalance before being hit by legal implications. […]