Seasonal Income Plan
A Seasonal Income Plan is designed to optimize tax benefits for individuals and businesses with fluctuating income due to seasonality, enhancing financial efficiency.
Business Liability
Business liability in taxation refers to the financial and legal responsibilities a business has in meeting its tax obligations, including federal, state, and local taxes.
Form 433-A
Form 433-A is a comprehensive financial disclosure form used by the IRS to evaluate an individual’s current financial situation for tax resolution purposes.
Monthly Budget
A monthly budget for tax planning helps manage finances effectively, ensuring timely tax compliance and minimizing liabilities.
Payment Compliance
Payment Compliance ensures timely and accurate adherence to tax payment obligations, preventing financial penalties and maintaining systemic integrity.
Taxpayer Advocate
The Taxpayer Advocate is an independent entity within the IRS that assists taxpayers with unresolved tax issues and advocates for taxpayer rights.
Financial Disclosure
Financial disclosure in taxation involves reporting assets, liabilities, and income to ensure transparency and compliance with tax regulations.
CP523B Notice
The CP523B Notice is an IRS communication sent to taxpayers to inform them of payment agreement default. It serves as a warning before installment plan termination.
CP276A Notice
The CP276A Notice is issued to inform taxpayers about adjustments in their tax account, often following discrepancies in employer quarterly tax returns.
Tax Lien
A tax lien is a legal claim by the government on a taxpayer's property due to unpaid tax debts, impacting the ability to sell assets or get credit.