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The deadline to file and pay the Heavy Vehicle Use Tax using Form 2290 for this annual federal excise tax on heavy motor vehicles that operate on public highways, is September 3. Because it falls on a Saturday, the usual August 31 deadline is postponed until September 3. This tax applies to anyone who isContinue reading “Heavy Highway Vehicle Use Tax Due Sept. 3”

What are CP2000 and CP2100 IRS Notifications? If you receive a CP2000 or CP2100, you most likely have missing or incorrect information. In the case of the CP2100, either your name or taxpayer identification number (TIN) is missing or does not match the IRS records. A payer has made at least one payment to anContinue reading “IRS Notice CP2000”

The cost of tax preparation is on the rise. According to the National Association of Tax Professionals, new clients paid an average of $218 in 2023, up 25% from 2021. Even repeat clients experienced a roughly 23% increase over the same period. According to a recent online article by Rebecca Chen for Yahoo Finance, muchContinue reading “The Rising Costs of Tax Preparation”

If you think your tax return results are too good to be true, they probably are. An experienced and reputable tax preparer can get the results you deserve based on a thorough accounting of all revenue and expenses that can be properly written off, but some will appear to work magic in order to keepContinue reading “Hire the Best–Experienced and Ethical–Tax Professional”

As required by law, the IRS recomputes the interest-rate penalty every quarter at the short-term rate plus three percentage points. Just two years ago, the rate was 3%, but next spring’s filing season will be subject to the recalculated 8% rate. While this rate does not apply to corporations and most W-2 employees have taxesContinue reading “IRS Raises Interest Penalty”

Act fast if you need to file past taxes from 2020-2022 quickly with efile. The IRS will shut down individual e-filing beginning Saturday, November 18, 2023 at 11:59 p.m. EST in order to prepare for the upcoming 2023 tax filing season. According to the IRS, only “send submissions” for 1040 state and federal filings willContinue reading “1040 e-file Deadline, November 18”

It is important to distinguish the work Tax Resolution Firms do from the work done by debt consolidation companies. Many debt consolidation companies have rightfully received numerous complaints and bad ratings because of the, in many cases, false or misleading promises they make to their clients who are often under duress. In most cases, theContinue reading “Tax Resolution vs Debt Consolidation”

Call us before the IRS starts expanded examination of high-income compliance, digital assets, FBAR violations, and labor brokers. We specialize in Revenue Officer engagement, audit representation, and 940/941 payroll tax liabilities. The IRS will intensify work on over 1,600 taxpayers who earn above $1 million and have more than $250,000 in recognized tax debt byContinue reading “Expanded IRS Examinations”