Blog

Learn how small business owners can use IRS installment agreements to manage tax debt, including payroll tax rules, tips, and how to apply online.

Denied by the IRS? Learn what to do next if your payment plan, OIC, or CNC request is rejected—plus how appeals work and when to get professional help.

Facing financial hardship and IRS debt? Learn how Currently Not Collectible (CNC) status can pause collections when you can’t afford to pay anything.

Owe the IRS but can't pay in full? Learn how IRS payment plans work, including full and partial options, eligibility, and what to expect after approval.

Struggling with IRS debt? Learn how the Offer in Compromise works, who qualifies, and how it could help you settle your tax bill for less than you owe.

Struggling with IRS debt? Explore 7 key strategies like OIC, payment plans, CNC, and more to regain control and resolve your tax issues effectively.

Services for Real Estate Pros with Backoffice Squared March 11, 2025 07:30 AM No one wants to deal with an IRS audit, but here’s the good news: the chances of facing one are shrinking. Traditional IRS audits will become rarer due to recent layoffs and a shift toward automation. And with the right strategy, you can make tax season even easier for yourself.

Tax season can be stressful, and nothing makes it worse than getting a Form 1099-K that’s incorrect. Whether the amount reported is too high, too low, or just completely wrong, it’s important to address the issue quickly to avoid headaches with the IRS. Here’s what you need to know if you receive a bad 1099-K.

Here’s one of my predictions for the next few years—thanks to recent IRS layoffs and ongoing staffing shortages, more Offers in Compromise (OICs) are going to slip through the cracks. And when that happens, some taxpayers might see their tax debt automatically settled without the IRS ever reviewing their case. Sound too good to be true? It’s not. There’s a little-known rule that works in your favor: