The IRS assessed and collected nearly $60 billion from individual, estate, and trust income…
Articles by Logan Allec, CPA
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July 04, 2023
IRS 6166 Form: How to Obtain a Federal Estate Tax Extension for Non-Liquid Assets?
Assets worth over $12.92 million are subject to federal estate tax at rates ranging…
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June 26, 2023
IRS Form CP 575: What You Need to Know About EIN Registration?
Obtaining EIN is your rite of passage into the business world because it ensures…
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June 23, 2023
IRS Form 5329 Explained: How to Navigate Retirement Account Penalty Exemptions?
The money you invest in 401(k), traditional IRA, or 403(b) plans should stay in…
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June 22, 2023
Can You Have Two Installment Agreements With The IRS?
Entering an installment agreement with the IRS allows you to settle an existing tax…
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June 22, 2023
Form 982 IRS: How to Reduce Your Tax Liability Through Debt Discharge?
Taking a secured or unsecured loan carries a certain risk, as you may be…
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June 20, 2023
What Does Account Balance Mean on IRS Transcript And How to Interpret It?
A certain percentage of your income goes to the IRS every month, either through…
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June 16, 2023
What Is Customer File Number IRS? Significance And Functionality
The IRS launched the Get Transcript feature on its website in 2014, but only…
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June 16, 2023
IRS Code 898: What Does It Mean on IRS Transcript?
Every year millions of taxpayers look forward to seeing Code 846 on their tax…