If you owe tax to the Internal Revenue Service (IRS) and do not plan to pay right away, the amount you owe could quickly increase with added interest and penalties.

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The Internal Revenue Service (IRS) is empowered to collect duly owed taxes from U.S. persons. As most know, the IRS readily applies penalties on taxes that are not paid properly. Taking a deeper look into IRS penalties may help you avoid them in the...

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Collection and payment of employment taxes to the U.S. Treasury funds programs like Social Security, Medicare, and federal unemployment. Failure to withhold and turn over payroll taxes can lead to a penalty against those responsible, which can be...

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Singer-songwriter Michael Jackson died in 2009, but the battle over his estate lives on within his family and with the Internal Revenue Service (IRS).

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Tax debt that is ignored does not go away. Knowing what to do when the Internal Revenue Service (IRS) reaches out about your personal or professional tax liability is important.

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The State of Massachusetts recently instituted a tax amnesty program. Ohio had to cancel its plans for a tax amnesty program in 2023 given the state financial outlook. What do these programs offer taxpayers?

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The budget increase provided by the Inflation Reduction Act (IRA) to the Internal Revenue Service (IRS) continues to pay off. IRS Commissioner Danny Werfel and Treasury Secretary Janet Yellen recently provided an update on ongoing collection and...

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If it sounds too good to be true—it probably is. That is the message the Internal Revenue Service (IRS) wants to communicate to U.S. consumers about unscrupulous pop-ups marketing Offers in Compromise (OIC) as an easy route to shedding tax debt.

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Investigation into the Employee Retention Credit (ERC) remains a focus of the Internal Revenue Service (IRS). The agency recently reopened the disclosure program for businesses seeking to address improperly filed ERC applications and avoid a future...

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The application period for the Compliance Assurance Process (CAP) program is now open—how can it assist your company?

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