I received a CP523 notice stating I had until March 6 to contact them and that they may levy my state income tax refund on May 4. The letter was confusing and mentioned paying past due amounts or facing termination of my installment agreement (IA). What does this mean, and what actions should I take?

January 30th, 2023

My mom closed out her traditional IRA in March 2013 and gave the $75,000 to me. She is 86 and still employed. Her tax guy says she owes $30,000 to the federal and state governments. Can we reverse the damage she did?

August 2nd, 2023

How can an individual who sold a real estate investment property pay the least amount of capital gains tax, especially if they have a business managing the rental property and want to accrue the sale to the business instead of themselves?

January 1st, 2023

Can I direct deposit my tax return from the IRS into someone else's account who doesn't have the same last name as me?

July 16th, 2024

If you are a farmer and purchase and depreciate 100% business use of a truck, what are your record-keeping requirements?

February 26th, 2024