IRS CP14 NoticeNotice CP14 is the first letter you’ll receive from the IRS when you have a balance due for owed taxes. The notice will include basic information like the tax year or period for which you owe, the amount of taxes, due date, failure to pay penalty, and interest. It will also show the…
IRS Garnishments
Receiving a Notice of Wage Garnishment can be alarming. What does this mean for you, and how can you protect yourself from a significant pay cut? Let’s explore what a wage garnishment is, why it happens, and what steps you can take to address it. What Is an IRS Wage Garnishment? An IRS wage garnishment…
IRS Penalties
Dealing with tax debt is stressful, but the penalties that come with it can make the situation even worse. If you’ve received a tax bill from the IRS with substantial penalties added, there are ways to address these charges. Here, we’ll delve into why IRS penalties are assessed and how you can manage them. Why…
IRS Lien
IRS Lien Managing monthly bills can be challenging, and the last thing you need is a Notice of Federal Tax Lien from the IRS. Federal tax liens are alarmingly common and affect many American households each year. They are one of the most intimidating tools the IRS uses, and they are often poorly explained. Below,…
What Assets Can the IRS Seize with a Tax Levy?
An IRS levy permits the legal seizure of your property to satisfy a tax debt. It can garnish wages, take money in your bank account(s) or other financial account(s), seize and sell your vehicle(s), real estate, and other personal property. If you do not pay your taxes (or make arrangements to settle your debt), and…
Hiring a Fractional CFO & its Benefits
When Should You Hire a Fractional CFO? What Critical Services Do Fractional CFOs Offer? Optimize Financial Processes As businesses expand, the complexities of their financial operations may outpace what founders can manage with just the help of an accountant. Fortunately, a fractional CFO can oversee, standardize, and improve your financial processes. This enables you to…
Financial Refresh: Catch Up Your Books with Bookkeeping Clean Up Services
Bookkeeping Clean up Checklist Get ready for tax season with confidence, not chaos! Here’s a handy checklist to ensure your financial records are primed for action: Navigate the Transaction Jungle: Balance Your Books: Catch Up on Backlogs: Expense Management Mastery: Seek Expert Advice: RJB Bookkeeping: Your Partner for Financial Peace Feeling overwhelmed by catching up…
Justice Department Seeks to Shut Down Las Vegas Tax Return Preparers Filing False and Fraudulent Tax Returns for Customers
Justice Department Seeks to Shut Down Las Vegas Tax Return Preparers Filing False and Fraudulent Tax Returns for Customers The Justice Department filed two civil complaints today in the U.S. District Court for the District of Nevada against Las Vegas tax return preparers and their companies. The complaints seek to enjoin these tax return preparers…