Yearly Archives: 2025

Tax Facts Report

Penalties & Interest

How to Find Out What You Owe the IRS with the Tax Facts Report

If you’re not sure about where your business stands with the IRS or how much you owe personally, you may...

IRS Letter 1153

What Is the IRS Letter 1153 Assessment?

Did you get IRS Letter 1153 in the mail? This document is the Proposed Assessment of Trust Fund Recovery Penalty,...

failure to deposit penalty

IRS Failure-to-Deposit Penalty: How to Avoid 941 Tax Deposit Penalties

Employers have an obligation to withhold and deposit Social Security taxes, Medicaid taxes, and income taxes from their employees’ paychecks....

IRS-Certified Letter

Worried About an IRS Certified Letter? Here’s What to Do

Receiving any type of mail from the IRS can be alarming, but if it comes through certified mail, you may...

Tax Facts Report

Your Guide to IRS Form 433-A

February 27, 2025

When you can’t afford your tax bill, you have options for resolution. You can apply for a payment plan or...

IRS home seizure

Can the IRS Really Take Your Home? Probably Not – and When They Can

February 27, 2025

If you’ve received an IRS notice indicating that the agency may place a lien on your assets or use a...