Accounting and Tax

Tax lien removal can mean releasing the federal tax lien, withdrawing its public notice, discharging one property, or changing the IRS’s priority through subordination. Paying the full tax debt is […]

IRS red flags are tax return issues that can make the IRS look more closely at reported income, deductions, credits, or business activity. The biggest concerns are unreported income, mismatched […]

The chances of getting audited by the IRS are low for most individual taxpayers, but the odds are not the same for every return. The IRS Data Book 2025 shows […]

If you are asking, “how far back can the IRS audit,” the general answer is three years, but the IRS audit lookback period can extend to six years or remain […]

IRS Notice CP71C is an annual reminder that you still have an unpaid balance on one of your federal tax accounts. The notice shows that tax debt remains and explains […]

Does the IRS send certified letters? Yes, the Internal Revenue Service uses certified or registered mail for certain legally important notices, especially when tax law calls for documented mailing or […]

“If you owe IRS, can you buy a house?” is a common question, and yes, owing the IRS does not automatically stop you from buying a home. You may still […]

Can the IRS take your car? Yes, the Internal Revenue Service can seize and sell a vehicle when you owe federal tax debt and the legal levy rules are met. […]

Lien subordination allows another creditor to move ahead of an IRS federal tax lien in priority without removing the IRS lien from the property. This can help a taxpayer refinance […]

The trust fund recovery penalty can make a business owner, officer, manager, or other responsible person personally liable for certain unpaid trust fund taxes. The IRS can assess this civil […]