What Is IRS Notice CP14 and How to Respond?
Notice CP14 is among the most common tax notices you can receive from the government. While it is not a last warning letter from the Internal Revenue Service (IRS), the letter offers critical information about your outstanding taxes and what you can do to resolve them. Sometimes, you may receive incorrect information, so reviewing the […]
Read moreWhat Is IRS Letter CP504 and How to Respond?
Staying compliant with the Internal Revenue Service (IRS) means paying all your taxes on time. If you delay or fail to pay your taxes, the IRS will take measures to collect the taxes due, including accessing your bank accounts. Before they take these measures, the IRS will send you a CP504 notice. This letter reminds […]
Read moreWhat Is IRS Notice CP2000 and How Should You Respond?
What Is IRS Notice CP2000 and How Should You Respond? Have you received an IRS notice CP2000? Do you want to know what it means and how to respond? If yes, then you’ve come to the right place. The Internal Revenue Service (IRS) has many ways of determining a taxpayer’s tax liability. A typical example […]
Read moreHow Does Tax Debt Affect Your Credit Score?
When grappling with tax debt, you may be considering multiple scenarios, including the impact of tax on credit scores. Your credit score represents your creditworthiness. In other words, it suggests how likely you are to repay any borrowed money. But how does tax debt affect your credit score? Should you be worried about potential tax […]
Read moreYour Tax Resolution Team: CPAs, EAs and Tax Attorneys
Handling tax debt can sometimes feel like a complex matter to resolve. Fortunately, tax resolution specialists can guide you through basic and more complex tax concerns like tax audits, unpaid tax penalties and unfiled tax returns. Tax resolution specialists aim to understand your unique situation, determine an effective solution and communicate with tax authorities on […]
Read moreWhat is the Difference Between Sales Tax and Use Tax
Taxes help your government pay for necessities and amenities you may not even consider. For example, taxes generally pay for maintaining infrastructure and running the public school system. Failing to pay taxes is illegal and can have severe consequences for you as an individual or for your business. If you don’t understand how different taxes […]
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