by Matthew Wildes, JD, CPA | Jul 29, 2026 | Tax Resolution
Business owners face two distinct federal tax obligations that run on separate tracks, follow different rules, and carry different consequences when they go unpaid. Conflating them is one of the most expensive mistakes we see. Payroll tax and income tax are not the...
by Matthew Wildes, JD, CPA | Jul 27, 2026 | Tax Resolution
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 number correct? The answer is not...
by Matthew Wildes, JD, CPA | Jul 23, 2026 | Tax Penalties & Relief
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 §6654 for failure to...
by Matthew Wildes, JD, CPA | Jul 21, 2026 | IRS Collections & Levies
An LT11 or Letter 1058 is not a reminder. It is the IRS telling you, in writing, that they are done waiting, and that collection action, including asset seizure, begins in 30 days if nothing changes. Most people treat it like another piece of mail. That is a mistake...
by Matthew Wildes, JD, CPA | Jul 13, 2026 | Tax Resolution
Client name and identifying details have been changed to protect privacy. This is a real case. Dave had paid $62,000 in federal and state taxes on gambling income he never actually kept. The W-2Gs were real. The jackpots happened. But the money that came out of those...
