IRS letter wanting money

How To Respond To An IRS Notice Of Deficiency

Receiving a notice of deficiency from the IRS can be a stressful experience. It means that the IRS has examined your tax return and found discrepancies, which may result in additional tax, penalties, and interest. However, receiving a notice of deficiency does not necessarily mean that you owe more taxes. You have the right to […]

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How To Request Injured Spouse Relief From The IRS

Injured spouse relief is a provision provided by the Internal Revenue Service (IRS) to married couples who have filed a joint tax return, but where one spouse’s share of the refund or credit is withheld to satisfy past-due federal tax, state tax, or other federal obligations, such as student loans, child support, or spousal support. […]

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How To Pay Your CP2000 Tax Bill Online?

If you have received a CP2000 notice from the Internal Revenue Service (IRS), it means that there is a discrepancy between the income and payment information on your tax return and the information reported to the IRS by third parties. This may result in a proposed adjustment to your tax liability, which you will need […]

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How To Contact The Franchise Tax Board In Sacramento, CA

The Franchise Tax Board (FTB) is an agency in Sacramento, California, responsible for administering the state’s tax laws. It collects personal and business taxes, enforces tax laws, and assists taxpayers. If you need assistance with tax-related matters, there are several ways you can contact the FTB in Sacramento. In this post, we’ll outline the different […]

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Filing Form 5472: 10 Instructions To Follow

Form 5472 is an informational form that is required to be filed by certain foreign-owned corporations, single-member limited liability companies (LLCs), and foreign corporations engaged in a trade or business in the United States. The purpose of Form 5472 is to provide the IRS with information about transactions between these entities and their foreign owners […]

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A Guide To Independent Contractor Taxes In California

As an independent contractor, you are responsible for paying your own taxes, which can be a confusing and overwhelming process. This guide will provide an overview of independent contractor taxes in California and offer tips and resources to help you stay compliant with state and federal tax laws. Understanding Independent Contractor Status First, it’s important […]

A Guide To Form 2848: X Things You Need To Know

A Guide To Form 2848: 15 Things You Need To Know

As a taxpayer, there are many forms you may need to fill out in order to file your taxes and handle other matters with the Internal Revenue Service (IRS). One important form to be aware of is Form 2848, which is also known as the Power of Attorney and Declaration of Representative form. Here are […]

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