Free Tax Advice Can Be Very Expensive

Free Tax Advice Can Be Very Expensive

I am a CPA who works in tax resolution, and I am going to say something that many people in the industry won’t say out loud: Parts of the tax resolution industry are very predatory. Here is how it often works. A taxpayer gets scared — they receive an IRS letter, they...
COVID-Era IRS Penalty Refunds (Part 1)

COVID-Era IRS Penalty Refunds (Part 1)

Kwong in Brief (Part 1): What changed A federal court in Kwong v. United States held that the COVID-19 disaster triggered a mandatory deadline suspension under §7508A(d). That suspension runs from Jan. 20, 2020, through July 10, 2023. During that period, certain tax...
Can You Get the IRS to Freeze Collection?

Can You Get the IRS to Freeze Collection?

Receiving an IRS notice when you simply cannot afford to pay is one of the most stressful situations a taxpayer can face. If your monthly income is already stretched thin covering basic necessities, making payments toward a tax debt may feel impossible — because it...