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 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...
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