Understanding the Trust Fund Recovery Penalty (TFRP): What You Need to Know
When a business withholds payroll taxes from employees’ wages, it is legally required to remit those funds to the IRS. These taxes include income tax withholding, Social [...]
Can I Go to Jail for Unfiled Tax Returns?
Receiving a notice from the IRS can be an intimidating experience, especially if you have unfiled tax returns. Many people fear that they could be arrested or [...]
What’re the Next Steps After Receiving a Form 668 W?
Receiving a Form 668-W from the IRS indicates that a wage levy is being imposed to collect outstanding tax debts. This form notifies employers to withhold a [...]
IRS Form 433-F, 433-A & 433-B: What You Need to Know & How to Get Help
If you've been asked by the IRS to complete Form 433-F, Form 433-A, or Form 433-B, it's essential to understand their purposes and how they impact your [...]
Can I Get the IRS to Waive Penalties and Interest?
Penalty Abatement is a tool that the taxpayer can use to challenge the IRS assessment of penalties when applicable. In many situations, it is possible to have [...]
What Can Be Done to Stop the IRS from Levying?
What Can Be Done to Stop the IRS from Levying My Bank Accounts, Garnishing My Wages, or Seizing my Assets? David's Take It is top priority for [...]
Enrolled Agents vs. Tax Attorneys vs. CPAs
Dealing with the Internal Revenue Service (IRS) can be difficult enough under normal circumstances. It is even more intimidating when you owe several thousand dollars (or more) [...]
Are IRS Tax Reduction TV Commercials True?
David's Take Approximately 20% of these cases are actually being approved and accepted and people are settling their tax problems. Now, what this needs to tell you [...]
