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...
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...
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...
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...
Read Time:1 Minute, 41 Second CLAW Tax Group is proud to announce that Matt Wildes, JD, CPA has been selected to the 2026 Minnesota Rising Stars list by Super Lawyers for the third consecutive year. Super Lawyers is an independent rating service that evaluates...
0
0
