Introduction The rise of platforms like Airbnb, VRBO, and other short-term rental sites has created new income opportunities for property owners. But with that extra income comes extra responsibility—especially when it comes to taxes. Whether you’re renting out a spare room, a vacation home, or multiple properties, the IRS and state tax

Introduction You’ve probably seen the late-night commercials or online ads promising to help you “settle your IRS tax debt for pennies on the dollar.” It sounds too good to be true—and for most taxpayers, it is. While the IRS does have a program called the Offer in Compromise (OIC) that allows some

When you’re in a tax dispute with the IRS, the costs of litigation can add up quickly. Fortunately, Congress created a tool called the Qualified Offer under IRC §7430(g)(1). If used correctly, it can not only help you settle your case but also shift the burden of attorney’s fees to the

Settling your tax debt for less than you owe sounds too good to be true—but the IRS Offer in Compromise (OIC) program makes it possible in certain cases. Here’s how it works, who qualifies, and an example of how the IRS calculates what it thinks you can pay. �� What Is an

Getting a letter from the IRS is never fun—but a Notice of Deficiency (also called a “90-day letter”) is one you can’t afford to ignore. It’s the IRS’s way of saying: We think you owe more tax than you reported. The good news is that you have options. Here’s what you need

Introduction If you’ve searched online for ways to resolve IRS tax debt, you’ve probably seen ads promising help through the IRS Fresh Start Program. It sounds like a magic solution—wipe out your tax debt, settle for “pennies on the dollar,” and move on with your life. But here’s the truth: the

1. Installment Agreements for Businesses 2. Offer in Compromise (OIC) for Businesses 3. Currently Not Collectible (CNC) Status 4. Penalty Abatement 5. Trust Fund Recovery Penalty (TFRP) Defense Why Professional Help Is Critical Dealing with the IRS as a small business owner is not the same as handling personal tax

Introduction Retirement should be a time to relax, not worry about unexpected tax bills. Yet many retirees are caught off guard by IRS tax rules for Social Security, pensions, and retirement accounts. From Required Minimum Distributions (RMDs) to the taxation of Social Security benefits, the IRS has rules that can create unpleasant

Introduction Tax debt doesn’t last forever. The IRS generally has 10 years to collect unpaid taxes, but the rules are more complicated than they seem. Knowing how the “collection statute” works—and what can extend it—is critical to making smart decisions about your tax situation. The 10-Year Rule The IRS has 10

Whether you’re a weekend slot player, a sports bettor, or a professional poker pro, one thing is certain: the IRS wants its cut of your winnings. Gambling income has always been taxable, but a recent law—the One Big Beautiful Bill, signed on July 4, 2025—introduced a major shift that affects both