You May Have Paid Too Much. The Records Matter Now. The conversation around COVID-era IRS penalties has changed quickly. The Kwong case has raised an important question for taxpayers: were certain IRS penalties and interest properly assessed during the COVID disaster period? For many taxpayers, the answer is not simple. Refunds are not automatic. Eligibility…

Most people assume IRS debt lasts forever. That’s not always true. The IRS has several programs that may reduce, settle, or resolve tax debt for qualifying taxpayers. The problem is that many people hear the phrase “IRS debt forgiveness” and assume it means the government simply erases tax balances. That’s rarely how it works. Real…

A New Federal Tax Credit Is Coming. Most Taxpayers Haven’t Heard About It Yet. The IRS recently announced that Texas is among the states participating in the new Federal Scholarship Tax Credit (FSTC) program created under the One Big Beautiful Bill. Beginning in 2027, eligible taxpayers may be able to claim a federal tax credit…

For many taxpayers, the COVID years were filled with uncertainty. Businesses faced shutdowns, individuals experienced financial hardship, and tax deadlines shifted in ways few people had ever seen before. Now, a case known as Kwong v. United States is attracting attention because it may affect taxpayers who paid certain IRS penalties during that period. While…

Most taxpayers have never seen their IRS transcript. That’s a mistake. An IRS account transcript may be the single most important document in your tax file. It tells the story of your IRS account—when returns were filed, when taxes were assessed, when penalties were added, when payments were applied, and sometimes, when important deadlines begin….

You’ve probably seen headlines about the Kwong v. United States case and the possibility that some taxpayers could be entitled to refunds of IRS penalties and interest assessed during the COVID-era disaster relief period. The attention is understandable. It sounds simple. If the courts ultimately uphold the interpretation at the center of the case, millions…

You’ve heard the commercials. “Settle your tax debt for pennies on the dollar!” It sounds simple. Call a company. Fill out a form. Watch the IRS forgive most of what you owe. If only it worked that way. The truth is that an Offer in Compromise (OIC) is one of the most powerful IRS programs…

When most people think about taxpayer rights, they often focus on audits, appeals, or payment options. However, one of the most important protections available to taxpayers is often overlooked: the Right to Be Informed. According to the Internal Revenue Service Taxpayer Bill of Rights, every taxpayer has the right to know what they need to…

A little-known federal court case is creating major discussion throughout the tax resolution industry — and it could potentially impact millions of taxpayers across the country. The case, Kwong v. United States, centers around whether the Internal Revenue Service improperly assessed certain penalties and interest during the COVID-19 disaster relief period. While the litigation is…

When taxpayers fall behind on their federal tax obligations, the Internal Revenue Service has several tools to begin collection. One of the most common — and least understood — is the IRS Automated Collection System (ACS). If you’ve started receiving IRS letters or are facing wage or bank levies, there’s a strong chance your account…

Tax Withholding Strategies by Life Stage: A North Texas Guide to Avoid IRS Surprises If you live and work in North Texas, your tax withholding strategy should evolve just as your life does. From your first paycheck to retirement income planning, tax withholding strategies directly impact your cash flow, tax liability, and overall financial stability….

Why Estimated Tax Payments Matter More Than Ever With the introduction of the One Big Beautiful Bill (also referred to as the “Working Families Tax Cuts”), taxpayers are seeing shifts in deductions, credits, and income thresholds. While many of these changes aim to provide relief, they also introduce complexity—especially when it comes to estimated tax…