by Jon Call, EA | Jul 28, 2026 | Tax Penalties & Relief
Read Time:10 Minute, 5 Second You filed your return, the IRS audited it, and now there is a penalty on top of the extra tax they say you owe. That penalty is almost certainly the substantial understatement penalty under IRC § 6662, a 20% add-on that shows up...
by Matthew Wildes, JD, CPA | Jul 27, 2026 | Tax Resolution
Read Time:4 Minute, 49 Second Most people who contact a tax resolution firm want to know one thing: what will it cost to make this go away? That is the wrong first question. The right first question is: what does the government actually claim you owe, and is that...
by Jon Call, EA | Jul 24, 2026 | IRS Collections & Levies
Read Time:11 Minute, 31 Second People use “lien” and “levy” interchangeably all the time. They are not the same thing, and the difference matters if you are trying to figure out what the IRS can actually do to you right now. Short version: a...
by Jon Call, EA | Jul 23, 2026 | IRS Collections & Levies
Read Time:4 Minute, 20 Second If you just got a notice saying the IRS plans to garnish your wages, the first thing you want to know is: how much can they actually take? The honest answer is: more than you expect. And unlike a typical creditor, the IRS does not need a...
by Jon Call, EA | Jul 23, 2026 | IRS Collections & Levies
Read Time:4 Minute, 20 Second If you just got a notice saying the IRS plans to garnish your wages, the first thing you want to know is: how much can they actually take? The honest answer is: more than you expect. And unlike a typical creditor, the IRS does not need a...
by Jon Call, EA | Jul 23, 2026 | IRS Collections & Levies
Read Time:4 Minute, 20 Second If you just got a notice saying the IRS plans to garnish your wages, the first thing you want to know is: how much can they actually take? The honest answer is: more than you expect. And unlike a typical creditor, the IRS does not need a...
by Jon Call, EA | Jul 23, 2026 | IRS Collections & Levies
Read Time:4 Minute, 20 Second If you just got a notice saying the IRS plans to garnish your wages, the first thing you want to know is: how much can they actually take? The honest answer is: more than you expect. And unlike a typical creditor, the IRS does not need a...
by Matthew Wildes, JD, CPA | Jul 23, 2026 | Tax Penalties & Relief
Read Time:8 Minute, 21 Second The IRS underpayment penalty applies when you have not paid enough tax throughout the year through withholding or estimated payments. It is not a late-filing penalty. It is not a failure-to-pay penalty. It is a separate charge under IRC...
by Jon Call, EA | Jul 22, 2026 | Tax Resolution
Read Time:7 Minute, 21 Second An Offer in Compromise lets you settle your IRS tax debt for less than the full amount, but the IRS does not just take whatever you offer. They run the numbers, and whether your offer gets accepted comes down to a specific formula they...
by Jon Call, EA | Jul 21, 2026 | Tax Penalties & Relief
Read Time:6 Minute, 18 Second If you owe taxes and did not file your return on time, you have two separate problems. The one most people ignore is the more expensive one. Failure-to-file and failure-to-pay are different penalties, calculated differently, and they can...
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