Tax Compliance and Strategy https://www.prioritytaxrelief.com/category/tax-news/tax-compliance-and-strategy/ Priority Tax Relief offers comprehensive services to individuals and businesses struggling with tax debt and other related issues. Our team of licensed professionals includes experienced attorneys, certified public accountants, and enrolled agents who handle all aspects of tax resolution, including negotiation with the IRS and state tax agencies, filing back tax returns, penalty abatement, and tax lien and levy release. We pride ourselves on providing personalized solutions that meet the unique needs of each client, while also offering affordable payment plans and transparent pricing. Our commitment to quality, integrity, and exceptional customer service has earned us a reputation as one of the top tax resolution companies in the industry. Contact us today to get started on the path to tax relief. Wed, 28 Aug 2024 17:29:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://www.prioritytaxrelief.com/wp-content/uploads/2024/04/logo-5-150x150.png Tax Compliance and Strategy https://www.prioritytaxrelief.com/category/tax-news/tax-compliance-and-strategy/ 32 32 A Self-Help Guide to Setting Up an Installment Plan for $2,500 Debt https://www.prioritytaxrelief.com/a-self-help-guide-to-setting-up-an-installment-plan-for-2500-debt/ Wed, 03 Jul 2024 16:42:39 +0000 https://www.prioritytaxrelief.com/?p=8963 Dealing with debt can be overwhelming, but setting up an installment plan can help you manage and eventually eliminate your financial burden. If you have a debt of $2,500, there are steps you can take to set up an installment plan that fits your budget and helps you get back on track. This guide will […]

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]]> 25 Must-Know Tax Terminologies https://www.prioritytaxrelief.com/25-must-know-tax-terminologies/ Thu, 06 Jun 2024 07:50:54 +0000 https://www.prioritytaxrelief.com/?p=8672 Mastering Income Tax: 25 Tax Terminologies, Tax Return Guide, and Tax Rate Breakdown Understanding the terminology on tax forms and online tax preparation programs can be one of the biggest hurdles when it comes to doing your taxes. To assist you, we have put together a list of 25 important tax terms that you should […]

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]]> How Can You Quickly Resolve Unexpected Tax Debt in Emergencies?  https://www.prioritytaxrelief.com/resolve-unexpected-tax-debt-in-emergencies/ Wed, 14 Feb 2024 21:20:53 +0000 https://www.prioritytaxrelief.com/?p=6885 How Can You Quickly Resolve Unexpected Tax Debt in Emergencies? Life is full of unexpected surprises, and sometimes, one of those surprises can be an unexpected tax debt. Whether it’s due to a sudden change in financial circumstances, unreported income, or an unforeseen tax obligation, dealing with unexpected tax debt can be stressful. Here, we’ll […]

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]]> Is There a Comprehensive Roadmap for Tax Relief Resolution?  https://www.prioritytaxrelief.com/is-there-a-comprehensive-roadmap-for-tax-relief-resolution/ Wed, 14 Feb 2024 21:20:49 +0000 https://www.prioritytaxrelief.com/?p=6886 Is There a Comprehensive Roadmap for Tax Relief Resolution?  Dealing with tax debt and the associated challenges can be a daunting task. Fortunately, there are various tax relief options available to help individuals and businesses in distress. Here, we will explore the idea of a comprehensive roadmap for tax relief resolution, outlining the essential steps […]

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]]> What Negotiation Strategies Can Innocent Spouses Use to Obtain Relief?  https://www.prioritytaxrelief.com/what-negotiation-strategies-can-innocent-spouses-use-to-obtain-relief/ Wed, 14 Feb 2024 21:20:41 +0000 https://www.prioritytaxrelief.com/?p=6934 What Negotiation Strategies Can Innocent Spouses Use to Obtain Relief?  Being an innocent spouse in a situation involving tax debt caused by your partner’s actions can be overwhelming. However, the IRS provides relief for innocent spouses through the Innocent Spouse Program. Here, we’ll explore the negotiation strategies that innocent spouses can use to obtain relief […]

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]]> How to Prepare and Prevent Common Tax Pitfalls  https://www.prioritytaxrelief.com/how-to-prepare-and-prevent-common-tax-pitfalls/ Wed, 14 Feb 2024 21:16:50 +0000 https://www.prioritytaxrelief.com/?p=7093 How to Prepare and Prevent Common Pitfalls  IRS audits can be anxiety-inducing, but with the right preparation and knowledge, you can navigate the process successfully and even prevent common pitfalls. Being proactive and informed is key to avoiding issues during an IRS audit. Here, we’ll discuss how to prepare for an audit and prevent common […]

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]]> Tax Fraud Prevention Strategies  https://www.prioritytaxrelief.com/tax-fraud-prevention-strategies/ Wed, 14 Feb 2024 21:02:49 +0000 https://www.prioritytaxrelief.com/?p=7075 Tax Fraud Prevention Strategies  Tax fraud is a significant concern for individuals and businesses alike. It occurs when someone dishonestly attempts to reduce their tax liability by misrepresenting their income or expenses. In some cases, tax fraud can be accidental due to errors in tax returns, but intentional tax fraud is a crime that can […]

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]]> Overcoming Income Record Challenges https://www.prioritytaxrelief.com/overcoming-income-record-challenges/ Wed, 14 Feb 2024 20:54:27 +0000 https://www.prioritytaxrelief.com/?p=7096 Accurate tax reporting is essential to ensure you meet your tax obligations and avoid potential IRS audits. However, individuals and businesses often face challenges when it comes to income records. Missing, incomplete, or disorganized income records can lead to inaccuracies on your tax return, raising red flags and potential legal consequences. Here, we’ll explore common […]

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]]> Strategies to Minimize Capital Gains Taxes https://www.prioritytaxrelief.com/strategies-to-minimize-capital-gains-taxes/ Wed, 14 Feb 2024 20:54:18 +0000 https://www.prioritytaxrelief.com/?p=7116 What Strategies Can You Use to Minimize Capital Gains through Investment Tax Considerations?  Capital gains are the profits earned from selling investments such as stocks, real estate, or other assets. While these gains represent a positive return on your investments, they are also subject to taxation. However, there are strategies you can employ to minimize […]

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]]> How to Balance Installment Agreement and Penalty Abatement?  https://www.prioritytaxrelief.com/how-to-balance-installment-agreement-and-penalty-abatement/ Tue, 13 Feb 2024 21:30:26 +0000 https://www.prioritytaxrelief.com/?p=6863 Understanding Installment Agreements An Installment Agreement is an arrangement that allows you to pay your tax debt in manageable monthly installments. This approach can help you settle your tax debt over time, reducing the immediate financial strain. Here’s how you can navigate the process: Eligibility Criteria To qualify for an Installment Agreement, you should: Be […]

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