Monthly Archives: September 2024
Many Taxpayers Receive Erroneous Balance Due Notices
Recently, the IRS announced that thousands of taxpayers have mistakenly received CP14 Balance Due notices, indicating that they owe an additional payment to the IRS. Additionally, taxpayers who paid their 2023 taxes electronically also reported that their accounts continue to say “pending” despite the fact that the agency received and processed their payments through… Read More »
Reducing Penalties and Interest on Unpaid Taxes
Those who missed the April deadline for filing their 2023 taxes still have options for paying off those debts. There are also a number of penalty and interest relief programs for which certain taxpayers can qualify. Interest Rates and Penalties for Unpaid Taxes Those who owe taxes to the IRS and who were unable… Read More »
Misleading and Inaccurate Tax Information Circulating on Social Media
Social media platforms have made it easier than ever to stay in touch with family and friends and to keep abreast of the latest news. Unfortunately, these platforms are also used for more nefarious purposes, like spreading false and misleading tax information to the public, which in turn can lead to tax issues and… Read More »
Tax Relief for Florida Summertime Storm Victims
If you were affected by the recent storms in Florida, you could be eligible for tax relief. In recognition of the devastation caused by severe storms, tornadoes, and straight-line winds in Florida this summer, the IRS is offering affected taxpayers (both individuals and businesses) an extension to file returns and make tax payments, both… Read More »
