Every year, tens of millions of taxpayers submit their returns to the Internal Revenue Service. Whether relying on an electronic submission or the traditional process of mailing a return, taxpayers may feel a hint of nervousness. No one wants an audit letter sent to...
Month: August 2021
What is the Trust Fund Recovery Penalty?
Being charged with the duty of preparing payroll for a Texas business entity is an important task that should not be taken lightly. Most companies have a designated payroll clerk who will calculate wages and employment tax deductions, including Social Security and...
Is an offer in compromise an option for tax debt?
Getting into debt with the Internal Revenue Service potentially comes with numerous stressful problems. Attempts to budget a way to pay down the taxes owed could become incredibly challenging for financially struggling Texas residents. Thankfully, lawmakers long ago...
Is it possible to appeal an OIC rejection?
Millions of people find themselves owing money to the Internal Revenue Service. Thankfully, the tax code provides ways for taxpayers to address their debt. One process involves filing an offer in compromise, which is a type of settlement agreement. Things don't always...