Tax Debt

For parents juggling work, family and unexpected medical costs in Washington, tax season can feel like one more source of stress. The good news is that certain medical expenses may reduce your tax bill if you know how to claim them properly. Let’s explore whether your...

Tax mistakes can feel daunting, especially when they’re not your own. If you file taxes jointly with your spouse, you might wonder: Can I be penalized for a mistake I didn’t make? Many residents of Seattle, Bellevue and Burien ask this question every year. If you file...

There are many ways for individual taxpayers to run afoul of regulations. Sometimes, people misrepresent their finances and underreport their income. They could then face allegations of tax fraud or tax evasion. They could be at risk of prosecution and may owe a large...

Whether due to major life changes such as job loss or medical emergencies or the result of unexpected expenses that strain finances, taxpayers can find themselves falling behind on their tax payments for any number of reasons. Taxpayers who find themselves facing...

Failing to pay your taxes can lead to serious consequences, and property seizure is one of them. In Washington, if you don’t pay your taxes, the state has the legal right to take action, which may include taking your property to satisfy your unpaid debt.  How does the...

The Business and Occupation (B&O) tax applies to businesses earning revenue in the state. Unlike an income tax, this tax is based on gross receipts, meaning you pay it regardless of profitability. Understanding what triggers this tax can help you stay compliant...

The IRS reviews millions of tax returns each year but audits only a small percentage of them. The Discriminant Index Function (DIF) score helps determine which returns require closer examination. Understanding how the IRS uses this system can help taxpayers file...

When it comes to filing taxes as a married couple, the phrase "for better or for worse" extends beyond the vows. Filing jointly can lead to unforeseen challenges if one spouse engages in tax misreporting or evasion. Fortunately, the IRS provides a lifeline known as...

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...