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May 15, 2024

Did You Know You Can Contest Your Tax Debt? Here's How We Can Help

Are you facing a daunting tax debt that seems insurmountable? Many people view their tax bill as a final statement, more or less written in stone, and unable to be altered. However, if you believe that your tax bill is higher than it ought to be, you might be surprised to learn that you have options for contesting your tax debt. In this comprehensive guide, we will walk you through the process of contesting tax debt and explain how our experienced CPA firm, specializing in contesting tax debts and pursuing tax relief programs, can assist you every step of the way.

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May 01, 2024

Applying for IRS Tax Relief: Should You Hire a Pro or Go It Alone?

Navigating the intricacies of IRS tax relief programs can be daunting, especially when facing financial challenges or unexpected tax burdens. When it comes to applying for IRS tax relief, individuals often find themselves at a crossroads: should they tackle the process alone or seek professional assistance? Keep reading to learn the pros and cons of both options so you can make an informed decision about how to pursue tax relief options for yourself.

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Apr 29, 2024

Prioritizing Your Debts: Should Tax Debt Come before Credit Card Debt?

In the complex world of personal finance, one of the most common dilemmas individuals face is deciding which debts to prioritize. With various financial obligations competing for attention, it can be challenging to determine the order in which to tackle them. One common question that arises is whether tax debt should take precedence over credit card and other types of debt. Keep reading to receive expert insights into the factors that should influence your decision-making process.

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Apr 15, 2024

Why Did the IRS Hold onto Your Tax Refund?

As tax season rolls around, many taxpayers eagerly anticipate receiving their tax refunds. However, there are instances where the Internal Revenue Service (IRS) may hold onto a tax refund, causing confusion and concern among taxpayers. If you’re wondering why your tax refund has been held by the IRS, keep reading to learn about some of the most likely reasons this is happening.

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Apr 01, 2024

What Happens If You Don't File Your Return by the 15th?

Filing taxes is a critical responsibility that individuals and businesses in the United States must fulfill each year. The deadline, typically on April 15th for individuals, marks an important date in the tax calendar. However, what happens if you fail to file your tax return by this deadline? What consequences could you face, and how quickly will you feel those consequences? Keep reading to learn more about the possible repercussions of missing the tax deadline.

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Mar 29, 2024

How to Determine the Amount to Offer for an Offer in Compromise

In the realm of tax resolution, few options hold as much promise for individuals burdened by tax debt as the Offer in Compromise (OIC) program. This initiative by the Internal Revenue Service (IRS) allows qualified taxpayers to settle their tax liabilities for less than the full amount owed. However, navigating the intricacies of the OIC process—particularly, determining the appropriate amount to offer—requires a thorough understanding of one's financial situation, IRS guidelines, and negotiation strategies.

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Mar 15, 2024

Top Reasons Taxpayers Fall Behind on Their Taxes—And How to Get Out of Debt

At the IRS Advocates, we understand the challenges that taxpayers face when dealing with tax debt. With years of experience in assisting individuals in resolving their tax issues, we have identified several common reasons why taxpayers fall behind on their taxes, as well as effective strategies to help them navigate their way out of debt.

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Mar 01, 2024

Owe a Large Amount in Taxes This Year? How the IRS Advocates Can Help

Tax season can be a challenging time for many individuals, particularly if they find themselves facing a substantial tax debt owed to the IRS. Whether due to unexpected financial hardships, complex tax situations, or simply being unprepared for the tax bill, the prospect of owing a significant amount can be daunting. However, there's no need to navigate this journey alone. At the IRS Advocates, we specialize in assisting individuals to resolve their tax debts and establish manageable payment plans with the IRS. Our team of experienced professionals is dedicated to providing tailored solutions to address your specific tax debt concerns, alleviating your financial burdens, and helping you achieve peace of mind.

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Feb 29, 2024

Is There a Statute of Limitations on Tax Debt? What You Need to Know

As a team of dedicated tax professionals, we at the IRS Advocates understand that navigating the complexities of tax debt can be a daunting task for many taxpayers. One crucial aspect that often comes into play is the statute of limitations on tax debt. Does one even exist for your federal taxes, or will you forever be pursued by IRS collections? In this comprehensive guide, we aim to shed light on what the statute of limitations entails, the actions the IRS can take before and after this deadline, and why taxpayers should proactively address their tax debt situation.

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Feb 15, 2024

About Our Tax Preparation Services

Navigating the intricate world of tax preparation can be a daunting task for many individuals and businesses. At the IRS Advocates, we understand the complexities of the tax code and are here to simplify the process for you. While we are best known for our expertise in resolving tax debt and facilitating IRS payment plans, our commitment extends to providing top-notch tax preparation services. Keep reading to learn more about our comprehensive range of services offered at the IRS Advocates, including our exceptional tax preparation solutions.

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