Overview of Tax Debt Relief Options

Did you unexpectedly receive a large tax bill after filing this year’s taxes? Have you been sitting on a large amount of debt to the IRS and letting it accrue interest? 1 in 5 Americans file a tax return with a balance of more than $3,000 due on it, yet few know what to do if they can’t pay.
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What Can the IRS Do if You Do Not Respond to a Letter?

When checking the mail most people dread receiving a piece of mail from the IRS. It usually comes with bad news and a lengthy process or heavy fees to resolve any issues. Most people are inclined to ignore the letter and put off any potential issues. While early action usually results in the best outcomes when it comes to IRS notifications, non-action can lead to some serious negative consequences.

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What is a CP2000 and what should you do if you receive one?

After days of compiling your tax documents, scrutinizing your tax return, and re-checking your numbers you finally felt comfortable enough to submit your form 1040. You celebrate another year until you have to do it all over again by spending your anticipated tax refund on a brand-new TV. Months later you receive a letter in the mail from the IRS marked as a CP2000 letter saying that you owe money and a 20% accuracy penalty to boot! There is no need to panic. We will help you understand what the CP2000 letter is and how to handle it with relative ease.

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