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Tax relief opportunities

Special Tax Relief Opportunities During Covid-19 Crisis

Summary The IRS temporarily paused many enforcement actions during the COVID-19 pandemic but is now resuming collections with renewed focus. Current IRS backlogs and staffing shortages have created unique settlement opportunities for compliant taxpayers. Aggressive IRS enforcement measures, including levies and garnishments, are expected to increase in 2025. Taxpayers in compliance may benefit from favorable

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IRS Throws Employers a Lifeline During COVID-19 Crisis

Summary Many small businesses were devastated by COVID-19 and left scrambling to cover payroll, rent, and tax obligations. The IRS provided relief in the form of extended deadlines, credits, and suspended collections. The Employee Retention Credit gave employers a lifeline to retain staff during slowdowns or shutdowns. Relief included delayed income tax payments, credits for

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CORONAVIRUS, TAXES, AND TAX LIABILITIES

Summary IRS and state tax collection efforts have resumed and are ongoing. Pandemic-era relief has ended, but some COVID-related credits still impact tax accounts. Common tax resolution tools such as Installment Agreements and Offers in Compromise are still available. IRS collection activities continue through both automated systems and assigned Revenue Officers. Taxpayers who act now

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IRS COVID 19 Update

COVID-19 Tax Reprieve is Over: Aggressive Collections Return

Since March of 2020, the IRS and state tax collectors have shown an unprecedented level of leniency to tax debtors in response to the pandemic.  However, the sleeping giant has awoken.   If you or your business have unresolved tax liabilities, the time to act is now—before you fall victim to the aggressive enforcement that has

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COVID 19 and IRS

The IRS COVID-19 Honeymoon for Delinquent Taxpayers is Over: Why to Act Now if You Owe

It seems like yesterday when the IRS suspended bank levies, liens, and wage garnishments at the onset of the COVID-19 pandemic.  Now, that honeymoon is over, and the IRS will be as money hungry as ever.  On the other side of that coin, there may be no better time than now to take advantage of

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