What Happens If You Ignore an IRS Notice in the Capital Region?
An IRS notice is easy to set aside when the language feels confusing or the balance feels too large to handle. Unfortunately, ignoring the notice rarely makes the problem smaller. It often gives the IRS permission to move forward without your input. For taxpayers in New York’s Capital Region, the safest response is to understand […]
Tax Penalty Abatement in the Capital Region: How to Request IRS Penalty Relief
IRS penalties can grow quickly and make an already stressful tax balance feel impossible to manage. Penalty abatement is the process of asking the IRS to reduce or remove certain penalties when a taxpayer qualifies. For individuals and businesses in the Capital Region, penalty relief can be an important part of a larger tax resolution […]
IRS Offer in Compromise in the Capital Region: What to Know Before You Apply
An IRS Offer in Compromise can be one of the most powerful tax relief tools available, but it is also one of the hardest to obtain. It allows eligible taxpayers to settle federal tax debt for less than the full amount owed when paying in full is not realistic. For individuals and businesses in New […]
5 Common Reasons You Get an IRS Audit and How to Avoid Them in the Capital Region
When it comes to a possible audit, understanding the most common red flags can help you steer clear of trouble and give you peace of mind.
Facing a Tax Problem in the Capital Region? Your Guide to Relief in Latham, Colonie & Loudonville
Your guide to handling a tax problem in the Capital Region, including Albany, Latham, Colonie & Loudonville.
The Unseen Tax Crisis: How a Back Tax Problem Can Affect Your Life in the Capital Region
what starts as a small oversight, like an unfiled tax return, can quickly spiral into a major back tax issue
Important Factors to Consider When Choosing a Tax Resolution Firm
Nobody wants to find themselves at odds with the IRS, yet countless taxpayers face this situation every year. With increasing enforcement efforts by the IRS, more individuals are receiving notices and communications from the agency, and you could be one of them. If you receive a notice from the IRS stating an amount you cannot […]
Taking Steps to Correct Errors on Your Tax Return
Preparing and understanding tax returns can be complex and challenging. Even professionals sometimes struggle to ensure every number and detail is accurate. Often, mistakes are only noticed after submitting the return online or sending it via mail, or worse, when the IRS sends a notice regarding discrepancies. If you find yourself in this situation, it’s […]
Can you discharge tax liens in bankruptcy?
There are certain types of tax debt that, under certain circumstances, can be discharged in a bankruptcy filing. However, if a tax lien existed on your property before you filed for bankruptcy, the lien will remain, even if you are no longer required to repay the tax debt in question as a result of the […]
Beware of charity scams related to the Orlando shooting
As if the horrific recent shooting at an Orlando nightclub wasn’t bad enough, the IRS is now warning of potential scams that aim to take advantage of people’s desire to help the victims and victims’ families. According to the IRS web site, people wishing to make contributions to charitable organizations to help healing and recovery […]