Welcome to Our Tax Resource Guide

Your go-to guide for the latest tax law updates, practical tax tips, and celebrity tax stories.

Help! I Just Received an IRS Notice of Intent to Levy (CP504)

If you just opened a letter from the IRS that says “Notice of Intent to Levy” or “Notice of Your Right to a Hearing,” yo …

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How to Appeal an IRS OIC Rejection: The Form 13711 Roadmap

Receiving a rejection letter for your Offer in Compromise (OIC) can be devastating, but in 2026, it is rarely the end of …

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Submitting an OIC as a Small Business: Form 433-B Explained

If you are a business owner—whether you run a Corporation, a Partnership, or a multi-member LLC—the IRS uses a specific …

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The 5-Year Compliance Trap: Why IRS Offers in Compromise Get Revoked

You did it. You successfully negotiated with the IRS, and they agreed to settle your $50,000 debt for $5,000. The papers …

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IRS Offer in Compromise vs. Currently Not Collectible: Which is Better in 2026?

When you’re staring at a tax bill you can’t pay, the IRS "Fresh Start" program offers two major lifelines: the Offer in …

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How to Calculate Your RCP for an IRS Offer in Compromise

If you’ve heard that an Offer in Compromise (OIC) is a "math program" rather than a "negotiation program," you’ve heard …

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How Recent Tax Law Changes Affect Penalty Relief in 2026

If you’re dealing with IRS penalties in 2026, the rules of the game have changed, and for once, it’s mostly good news. T …

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Top 5 Reasons the IRS Denies Penalty Abatements (And How to Avoid Them)

Receiving an IRS penalty notice is bad enough, but getting a Letter 1277 (the official "Request Denied" notice) can be e …

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What Does the IRS Consider "Ordinary Business Care and Prudence"?

If you’ve ever tried to get an IRS penalty removed, you’ve likely bumped into this mouth-filling phrase: "Ordinary Busin …

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3 min read

First-Time Abatements vs. Reasonable Cause: Which Should You Choose?

When you’re staring down an IRS penalty, you don’t just want it reduced—you want it gone. The IRS essentially offers two …

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