If you’ve received a CP 161 Notice from the Internal Revenue Service (IRS), you may be feeling a bit overwhelmed and confused. This notice signals that you’ve underpaid your estimated tax or have a small balance due. Don’t panic! This is definitely...
Receiving an IRS notice such as CP 90 or CP 297 can be unsettling. These notices signify severe tax-related issues that can potentially put your assets or property at risk. But panic alone won’t resolve anything. It’s essential to understand the content of...
Have you received a CP 11 notice from the IRS, stating you have some miscalculations on your tax return? While it might be intimidating at first, it’s essential to understand that this is a common error and there are ways to tackle it effectively. The notice...
The Internal Revenue Service (IRS) imparts crucial information to taxpayers using numerous coded documents, one of which is the ‘CP 14 Notice’. Emanating from the IRS, this critical notification is synonymous with the anxiety of unpaid taxes. Many...
The Internal Revenue Service (IRS) has various steps in place to ensure that taxpayers fulfill their obligations promptly. The CP 504 Notice is one such step in this process. Considered as one of the final attempts of the IRS to claim due payments, the CP 504 Notice...
The Internal Revenue Service (IRS), from time to time, sends out a particular type of notice known as the CP 2000. This notice is not a bill but rather an informational document that alerts you to discrepancies the IRS has identified between the information reported...
In the increasingly globalized world, international business operations have become commonplace for many organizations. This article aims to navigate you through the complexities of international business operations taxations, its various facets and provide some...
Employee stock options (ESOs) form an important component of employee remuneration, especially in rapidly growing startups or technology companies. Offering stocks to employees not only makes them vested partners in the organization’s growth but also serves as a...
Tax planning is an essential component of personal finances that can significantly impact your estate plans. Estate and gift tax planning strategies provide a means to transfer your wealth to beneficiaries efficiently. Several tax saving strategies such as the annual...
Understanding tax compliance as a non-resident can be a big challenge. Regulations vary and it’s important to accurately satisfy your tax obligations to avoid penalties. This guide, presented by Clean Slate Tax, is designed to help non-residents navigate the...