Delinquent or Late FBAR Filings: 2025 Penalties and How to Respond
What FBAR Penalties Could I Face If I Don’t File My FBAR? FBAR penalties range from $10,000 per non-willful violation to the greater of $100,000 or 50% of account balances for willful …
How to Stop IRS Wage Garnishment [2026]
If you’re wondering how to stop IRS wage garnishment and levies, know that you have options both before and after the IRS begins taking money directly from your paycheck or levies other assets. You …
IRS Audit Reconsideration
When Can You Request an Audit Reconsideration? Several specific circumstances make you eligible to request an audit reconsideration from the IRS. The qualifying situations include: Understanding these qualifying circumstances helps you evaluate …
How to File an Appeal with the IRS: A Taxpayer’s Guide
To file an appeal with the IRS, respond to the letter you received—usually within 30 days—using the correct form and including a written statement of what you disagree with and why. For …
Update to IRS Form 14457 – June 2025
If you’ve been postponing voluntarily reporting unreported income or offshore accounts to the IRS due to concerns regarding the former IRS Form 14457 requirement to check the “willfulness” box prior to acceptance, the July 2025 updates …
Haven’t Filed Taxes in Years? Penalties & Relief Options
The IRS imposes severe penalties for not filing taxes timely, with failure-to-file penalties reaching 5% of unpaid taxes per month, capped at 25% of the total tax owed, plus additional failure-to-pay penalties …
What to Expect in an IRS Examination: Key Concepts & Stages in a IRS Field Examination
Taxpayers often have a large number of questions and misconceptions about what happens in an IRS field examination of their individual income tax return. This post provides a summary of the steps …
How Do I Check the Status of My CP2000 Notice?
When a CP2000 notice arrives in your mailbox proposing tax adjustments, and you respond, you will likely ask yourself “How Do I Check the Status of My CP2000.” Your next step involves tracking its progress …
How to Apply for an Offer in Compromise [2026]
When you owe the IRS more money than you can realistically pay, you’re not necessarily stuck with that debt forever. An Offer in Compromise (OIC) allows you to settle your tax debt with the IRS …
