Received a wrong notice from the IRS? Don’t worry!
Last week, the IRS had suspended sending balance-due notices to taxpayers while it continues to process its backlog of unopened mail. The...
Getting Wrong Notices From the IRS?
Last Thursday (8/13/2020), the IRS posted an update on their website that details their current status of operation. The IRS is currently...
What Happens If You Owe a Huge Tax Bill?
What would you do if you owe the IRS a lot of money? You would obviously start panicking and ask yourself, “How did this ever happen to...
How to Utilize Net Operating Loss to Offset Prior Taxable Income
If you own a business and your expenses exceed your revenue, you may potentially have a net operating loss (NOL). The NOL is the result...
