Understanding Unfiled Form 5471 Penalties
Understanding the implications of unfiled Form 5471 is crucial. It can lead to significant penalties. Learn how to avoid them and ensure compliance.
Understanding Unfiled Form 5471 Penalties Read More »
1. The IRS Collections Process
Complete Guide to Tax Attorney Services for IRS Resolution and Penalty Relief
Gain clarity on tax law with insights from a professional tax attorney. Learn key strategies to navigate complex regulations and optimize your tax outcomes.
Complete Guide to Tax Attorney Services for IRS Resolution and Penalty Relief Read More »
Federal Tax Liens vs. Other Tax Enforcement Actions
Gain insights into federal tax liens and related actions. This overview educates on implications and resolutions to help individuals make informed decisions.
Federal Tax Liens vs. Other Tax Enforcement Actions Read More »
Simplify IRS Notice Triage with Our Prioritization Service
Simplify your IRS notice triage with our prioritization service. Get CPA assessments to respond quickly and effectively, ensuring peace of mind.
Simplify IRS Notice Triage with Our Prioritization Service Read More »
Why a CPA-Led Kwong Penalty Review Starts With IRS Transcripts, Not Guesswork
By Ed Parsons, CPA [Updated August 2026] Short answer: A CPA-led Kwong penalty review should start with the IRS account record, not assumptions from memory, old tax returns, or a single IRS notice. Before deciding whether a refund claim, protective claim, or abatement request may be appropriate, the review should identify the tax periods involved,
Why a CPA-Led Kwong Penalty Review Starts With IRS Transcripts, Not Guesswork Read More »
Kwong Protective Claims, Form 843, and IRS Transcript Review
Kwong Protective Claims, Form 843, and IRS Transcript Review By Ed Parsons, CPA [Updated August 2026] Short answer: A Kwong-related review usually starts by identifying whether the IRS assessed or collected penalties or interest during the COVID-era period, then determining whether a refund claim, protective refund claim, or abatement request may be appropriate. For most
Kwong Protective Claims, Form 843, and IRS Transcript Review Read More »
What Is Kwong, and Why Prior IRS Penalties May Need a Second Look
By Ed Parsons, CPA [Updated August 2026] Short answer: Kwong is a federal court decision that may affect certain IRS penalties and interest tied to the COVID-era federal disaster period. The National Taxpayer Advocate warned that relief would not be automatic and that many taxpayers needed to file a timely claim, generally by July 10,
What Is Kwong, and Why Prior IRS Penalties May Need a Second Look Read More »
What a CPA Can Find in Your IRS Transcripts
You may know what your tax return says. But do you know what the IRS record says? That difference matters. A tax return PDF shows what was filed. IRS transcripts can show what the IRS processed, what payments posted, what refund activity occurred, what penalties were assessed, what income documents were reported to the IRS,
What a CPA Can Find in Your IRS Transcripts Read More »
How IRS Transcripts Can Reveal Refunds, Penalties, and Filing Problems
You filed your tax return. Maybe the refund never came. Maybe the refund was smaller than expected. Maybe you received a penalty notice. Maybe you are not even sure whether an old return was filed. Before guessing, amending, calling the IRS, or ignoring the problem, there is often a better first step: Review the IRS
How IRS Transcripts Can Reveal Refunds, Penalties, and Filing Problems Read More »
How to Retrieve Your IRS Identity Protection PIN (IP PIN)?
To retrieve your IRS IP PIN, log in to your IRS Online Account at IRS.gov and check your Profile page. If you cannot access your account, call 800-908-4490 to have your IP PIN reissued. You can also file Form 15227 if your income is below $84,000 (individual) or visit a Taxpayer Assistance Center in person
How to Retrieve Your IRS Identity Protection PIN (IP PIN)? Read More »