Axiom Tax Resolution Group Blog - Page 2 of 15 - Axiom Tax Resolution Group
How to Know If You’re Eligible for an IRS Tax Penalty Abatement

How to Know If You’re Eligible for an IRS Tax Penalty Abatement

What would you do if you knew there was the possibility of getting your tax penalties wiped away? You read that right. You can try to apply for an IRS tax abatement. While it’s not a hundred percent guaranteed that it would work for you, it is still worth trying.  The...
A Guide to Preparing Your Business for an IRS Audit

A Guide to Preparing Your Business for an IRS Audit

An IRS audit is an examination of an individual’s or organization’s tax return to ensure it is accurate. The IRS may audit a return if it suspects that the taxpayer has underreported their income, overstated their deductions, or attempted to avoid paying...
What Happens When You Default on an IRS Payment Plan?

What Happens When You Default on an IRS Payment Plan?

If someone owes the IRS more money in taxes than they can pay, the IRS has a plan to help. This plan is called an installment agreement, allowing the person to make smaller payments over time until the debt is paid off. If someone falls behind on their payments or...
What Are the Tax Implications of Debt Settlement: A Guide

What Are the Tax Implications of Debt Settlement: A Guide

Essentially, a debt settlement is an agreement between you and your creditor to pay off your debt for an amount that is less than what you owe. This can be a good option for people who are in over their heads with their debt, but it is not without its difficulties....
4 Telltale Signs You Need the Help of a Tax Resolution Expert

4 Telltale Signs You Need the Help of a Tax Resolution Expert

No one likes dealing with taxes. It’s a complicated and stressful process, made even worse if you owe money to the IRS. Facing tax problems head-on is never easy, but it’s crucial to take action and seek help if you’re struggling to pay your taxes....
Notice of Deficiency: Everything That You Need to Know

Notice of Deficiency: Everything That You Need to Know

The notice of deficiency is a very important document. It is the taxpayer’s first notice of the proposed assessment and provides important information on how to dispute the assessment. It is important to review the notice carefully and to take action if the...
How Does Tax Relief Work to Easily Eliminate Back Taxes?

How Does Tax Relief Work to Easily Eliminate Back Taxes?

The United States tax system is known to be complex and can be challenging to navigate. As a result, many people owe back taxes to the IRS. If you find yourself in this place, you may wonder how to eliminate your back taxes. Fortunately, there are a few options...
How to Request an IRS Audit Reconsideration

How to Request an IRS Audit Reconsideration

If you owe back taxes because of an IRS audit, you may be able to get the debt reversed by submitting new tax documents through audit reconsideration. This process allows you to show the IRS they made a mistake when auditing your return. If the IRS agrees that the new...
What Is Tax Evasion, Its Examples, and Consequences?

What Is Tax Evasion, Its Examples, and Consequences?

The Internal Revenue Service (IRS) defines tax evasion as “the illegal non-payment or underpayment of taxes.” It is often used interchangeably with “tax avoidance.” However, the two terms are different—tax avoidance is legal, while tax evasion...
What Happens If You Don’t File a Tax Return in the US?

What Happens If You Don’t File a Tax Return in the US?

If you earn more than the amount specified by the government as tax-free, you must file a tax return. There are some circumstances where you might have to file a return even if you earn less than that amount, and we can help you figure out if that’s the case for...