Penalty Abatement: What Counts as “Reasonable Cause”? 

Penalty Abatement: What Counts as “Reasonable Cause”? 

Key Takeaways  Reasonable cause penalty abatement allows the IRS to remove penalties when a taxpayer exercised ordinary business care and prudence but could not comply due to circumstances beyond their control.  Common...

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Qualifying Spouse Filing Status: Rules, Benefits & Timeline

Qualifying Spouse Filing Status: Rules, Benefits & Timeline

Key Takeaways Qualifying surviving spouse filing status allows a surviving spouse to use married filing jointly tax rates and the same standard deduction for up to two years after a...

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Can I Have a Passport If I Owe Back Taxes?

Can I Have a Passport If I Owe Back Taxes?

A passport is an essential travel document that allows individuals to explore new horizons, visit foreign lands, and experience diverse cultures. However, the privilege of holding a passport comes with...

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