Tax Debt

Opening a letter from the IRS can be nerve-wracking, especially when it's a CP2000 notice. If you've just received one, take a deep breath – it's not as scary as it might seem at first glance.  Here, we will guide you through understanding what a CP2000 notice is and...

Recent tax law changes have brought significant changes to estate planning and gift taxes. This affects how individuals plan to transfer wealth and manage assets for future generations. Understanding the new rules can help families make informed decisions and protect...

The IRS sends a CP3219A notice to inform taxpayers about proposed changes to their tax return based on discrepancies found in third-party reporting. This notice can have serious implications if ignored, so understanding it and knowing how to respond is crucial. What...

Remote work has become common, but it can create complex tax situations. Employees working in different states from their employers must understand how this impacts their tax obligations. Different state tax rules can lead to unexpected liabilities, making it...

Many people may not file taxes on time because of financial difficulties, confusion about tax laws, or simply feeling overwhelmed. However, ignoring the problem will only make it worse. The Internal Revenue Service may charge penalties, fines, and even pursue legal...

Growing your business presents many new possibilities, but also new challenges. When a business in Washington State grows to employ more than 50 people, several tax-related responsibilities come into play.  Understanding these tax obligations is necessary for ensuring...

When a person dies, their estate might need to handle various tax responsibilities. Understanding whether an estate must pay income taxes to the IRS can help executors manage financial matters. Understanding estate taxes and income taxes First, it's important to...

Contributing to a health savings account (HSA) offers several tax benefits and implications. An HSA is a savings account designed for people with high-deductible health plans (HDHPs). It allows you to save money for medical expenses while enjoying significant tax...

Running a business comes with its fair share of responsibilities, including managing payroll taxes diligently. However, several common mistakes can lead to hefty trust fund recovery penalties, causing significant financial strain for business owners. Misunderstanding...

Filing taxes can be stressful, especially if an ex-partner makes a mistake that affects both parties. This scenario requires prompt action. Understanding state laws and federal programs will help resolve issues efficiently when handling an ex’s tax errors....