What if You Can’t Pay Your Taxes?
What are the implications of failing to pay taxes? Is there any solution for those who cannot afford to pay? If yes, what are the options and processes involved? This guide answers these questions and discusses how a tax professional can assist. BC Tax helps people with challenges paying their taxes through effective, personalized and […]
Read moreWhat Is IRS Letter 1058 or LT11 & How to Respond?
Communication from the IRS should always be taken seriously, especially if you receive Letter 1058 or an LT11 notice. These documents are your last chance to settle your tax debt before the IRS begins taking action to collect it. If you receive Letter 1058 or LT11, here are some things to remember before responding to […]
Read moreWhat Is an IRS Statutory Notice of Deficiency? Letter 531 & Notice CP3219A
Even if you believe the information you filed on your tax return is correct, the IRS may find discrepancies following an audit or examination. If this happens, you may be sent an IRS Statutory Notice of Deficiency to notify you of additional taxes owed. In this guide, we will examine two types of IRS Statutory […]
Read moreWhat Is IRS Notice CP90 (Final Notice of Intent to Levy) & How to Respond
If your tax balance is overdue, the IRS must send you multiple notices before they seize your assets to satisfy the debt you owe. The last warning you receive is called a Final Notice of Intent to Levy. Unsure how to respond to IRS Notice CP90? The tax experts at BC Tax can help. Learn […]
Read more11 Signs to Tell if an IRS Letter Is Real or Fake
How to Tell If an IRS Letter Is Real If you receive mail from the Internal Revenue Service (IRS), you should evaluate the letter’s legitimacy. Identifying fake letters can prevent issues such as tax refund schemes. Learn the common signs of fraud to protect your sensitive data, financial assets and peace of mind. Signs Your Letter […]
Read moreWhat Is IRS CP523 Notice and How to Respond?
The Internal Revenue Service (IRS) sends notices to taxpayers when they’re in default. One such notice or letter you may receive is the IRS CP523. The best way to avoid receiving these notices is by paying your tax obligations on time. What is IRS CP523 notice, and how do you respond to it? What Is […]
Read more