Tag: BOOKS TAXES AND MORE
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Missing a K-1 or 1099 on October 14: How to File a Complete Return Anyway
A missing K-1 or 1099 is not a reason to miss the extended deadline. This article explains how to reconstruct the amount, document the estimate, and file a complete return, how IRS matching and CP2000 notices work afterward, and how to correct and prevent the issue deliberately.
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October 15 Extension Deadline: What Filers Must Complete Before the 2025 Return Cutoff
October 15, 2026, closes the extension window for 2025 individual returns. Filing by that date preserves payment plan access and lower penalty exposure, while the IRS information matching cycle continues into 2027. Steve Perry, EA explains what to complete before the cutoff and how to protect remaining 2026 planning options.
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Fourth Quarter Bookkeeping Checklist: Fix These Mistakes Before They Trigger an Audit
Fourth quarter bookkeeping decisions determine whether your return can be supported later. Unreconciled accounts, misclassified expenses, and incomplete contractor records create the mismatches that generate IRS notices and expand examinations. This checklist explains how IRS information matching works and which corrections still remain available before December 31 closes the year.
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New IRS Office of Conservation Easements: What It Means for Aggressive Deductions
The IRS created an Office of Conservation Easements and ended its uniform settlement program on the same day, withdrawing acceptance deadlines. Specialists will now work these files. Steve Perry, EA explains how waiting erodes leverage, why basis and appraisal records decide outcomes, and what taxpayers should do before options close.
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What IRS Collection Notices Really Mean, Before Panic Costs You More
IRS collection notices are procedural steps within a structured enforcement process, not random threats. This blog explains what collection notices mean, why panic often creates expensive mistakes, and how understanding IRS timing and sequencing helps taxpayers preserve options, avoid unnecessary financial damage, and respond more strategically after filing season ends.
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Why Waiting for the IRS to “Figure It Out” Usually Ends Badly
Many taxpayers assume the IRS will eventually resolve account issues automatically. This blog explains why waiting silently often increases penalties, accelerates collection activity, and reduces available options. Learn how IRS processing systems work after filing season and why proactive engagement usually creates better outcomes than hoping the problem disappears.
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The Worst Thing You Can Do After Receiving an IRS Collection Notice
Ignoring an IRS collection notice is often the fastest way to lose options, trigger enforcement activity, and increase financial pressure. This flagship blog explains how the IRS collection sequence works after filing season, why silence creates risk, and how early action preserves leverage, payment flexibility, and realistic resolution opportunities.
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Choosing the Right IRS Resolution Strategy Without Financial Suicide
Choosing the wrong IRS resolution strategy can create long term financial damage. This article explains how installment agreements, Currently Not Collectible status, and compliance planning fit into the IRS collection system while helping taxpayers avoid financial collapse and repeated collection problems after filing season ends.
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Currently Not Collectible Status: When the IRS Stops Levying
Currently Not Collectible status can stop IRS levies and active collection enforcement when taxpayers genuinely lack ability to pay. This article explains how CNC works, why liens may still be filed, and why hardship-based resolution strategies are often more appropriate than impossible payment agreements.
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IRS Payment Plans That Actually Work: Building an Installment Agreement You Can Survive
Filing season may be over, but IRS collection activity is often just beginning. This article explains how installment agreements work, why sustainable payment plans matter, and how taxpayers can structure IRS resolutions around realistic ability to pay while maintaining long term compliance and financial stability.
