The most challenging step in the offer in compromise application process is in determining…
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March 22, 2023What Is an Offer in Compromise? A CPA Explains
An offer in compromise is an agreement between a taxpayer and a taxing authority…
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March 22, 2023What Is an Installment Agreement? A CPA Explains
An installment agreement is an agreement between a taxpayer and a taxing authority —…
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March 22, 2023The IRS SFR (Substitute For Return) Explained by a CPA
Failing to file taxes for more than a year initiates a long and often…
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March 20, 2023The IRS Code 150: What Does It Mean on an IRS Transcript?
The processing of your tax return starts when the IRS uploads it to the…
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March 15, 2023The Meaning of ‘We Apologize, But Your Return Processing Has Been Delayed Beyond The Normal Timeframe’ Message
Processing delays have spiked in the last few years for several reasons. The IRS…
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March 15, 2023What Does the ‘As Of’ Date Mean on an IRS Transcript?
Taxpayers don’t have to speculate about the date when the IRS will calculate their…
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March 15, 2023What Does Processing Date Mean on IRS Transcript?
Tax transcript codes are like a roadmap through the tax filing process because they…
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March 14, 2023What Happens if You Get Audited and Don’t Have Receipts?
The prospect of facing the IRS audit can seem intimidating, especially if you don’t…