Practical tax insights from Keeton Tax Law on IRS notices, collections, penalties, tax debt, filing issues, and tax planning developments.
You’ve done the hard part. You found a buyer for your home, agreed on a price, and started packing the boxes. But then the phone rings. It’s your realtor or a frantic...
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You probably didn't sleep much last night. When you have a stack of IRS letters on your nightstand threatening to garnish your paycheck or put a lien on your home, you...
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Payroll taxes are a critical responsibility for any business with employees, and failing to handle them properly can trigger serious IRS action. Employers must withhol...
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Filing a tax return with a balance due can feel stressful, but knowing what happens next makes it much more manageable. After you file, the IRS typically processes you...
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If you’ve been hearing people say “the IRS finally made car loan interest deductible,” they’re actually talking about a new law that came out under the One Big Beautif...
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About 1 out of every 10 taxpayers in the United States has a tax balance in collections with the Internal Revenue Service. That means millions of individuals are curre...
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Remember that episode of The Simpsons when the entire town of Springfield lined up at the post office at “literally the 11th hour” to file their tax returns on April 1...
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If you logged into your account and noticed missing funds without a clear explanation, one possible reason is that the Internal Revenue Service has issued a bank levy....
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If you’ve spent any time on TikTok lately, you’ve probably seen the viral “G-Wagon tax write-off” video. The pitch is simple: buy a heavy SUV through your business and...
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If you gamble in Las Vegas, a new federal tax law just made gambling taxes worse. The One Big Beautiful Bill (OBBB) changes how gambling losses are deducted and it wil...
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If you owe the IRS and do nothing, they usually send several bills before taking serious collection action. The typical sequence looks like this:
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The IRS has a lot of ways to make a tax bill grow. It is not just the tax you owe. They also add interest and penalties. The common ones are failure to file, failure t...
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Filing a tax return can be confusing. The tax code is complicated, and mistakes happen all the time.
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An IRS Revenue Officer visit can be intimidating. Revenue officers are the on-the-ground representatives of the federal government, and if one comes to your home or bu...
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How many different IRS notice numbers are there? Enough to make your head spin. And let’s be honest, the IRS is not exactly clear in its letters about what it wants, o...
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The hardest part about being a tax attorney is understanding how the non-attorney mind works. I recently reviewed Taxpayer Advocate’s Taxpayer Roadmap document and wit...
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“I don’t even bat an eye at any tax debt less than seven figures anymore.” “Are you serious?”
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What happens when you understate the income on your tax return by over a million dollars? Nothing good.
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Let’s cut to the chase: the IRS is undergoing a significant transformation, and it’s going to impact how you interact with them.
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Congratulations. You won big on the game show that once consumed your sick-day, couch-sprawling, nobody-bother-me mornings. The grand prize, no less: a new car worth $...
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The Department of Justice has made substantial efforts to prosecute taxpayers who omit crypto sales for evasion- and filing-related crimes. The failure to report the s...
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April 15 is the day many taxpayers sealed the deal by filing a tax return with a balance. For a lot of these taxpayers, it’s business as usual – some will pay off the...
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The IRS offers several options for handling tax debt you can’t pay in one lump sum. The most common alternatives to enforcement actions are the Installment Agreement a...
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