Blog
Smart Tax Planning Strategies to Reduce Your Tax Burden
Effective tax planning isn’t just about filing your return, it’s about making intentional financial decisions throughout the year to minimize taxes and maximize savings. At Strategic Tax Resolution, we help individuals, families, and business owners implement...
What Do I Need To Do to Get My Taxes Ready for This Year?
Tax season shouldn’t be a source of stress and at Strategic Tax Resolution, our goal is to help you stay informed, prepared, and confident long before it’s time to file. Whether you’re an individual taxpayer, self-employed, or a business owner, the steps you take now...
Thomas (Greg) Talbott’s Pro Tips to Negotiate with the IRS
With the tax deadline firmly in the rearview, most people are enjoying pool time and picnics, free of the tax worries of springtime. (Though perhaps not free of all the inflation and stock market pressures we’re all currently facing. Hang in there.)But that’s not true...
It’s the Day After #TaxDay. Now What?
The culmination of the tax season festival has come and gone. Ideally, you got your tax return filed by the deadline. But maybe you didn’t. Either way – what happens now? First, the simpler scenarios – your taxes were done and filed by the deadline (April 18th):...
Thomas (Greg) Talbott’s “Help Me Remember” Holiday Prayer
These last couple weeks of 2021 are already a little unusual.Current events are swirling around virus policy, the big Biden "Build Back Better" Act seems to have hit a Joe-Manchin-sized brick wall, sports leagues are in an uproar around rising case numbers, and...
Tax Resolution 101 – Penalties and Interest
You already owe a tax debt to the IRS or State. Then they add interest and penalties on top of that? Talk about adding insult to injury. It is important to understand how interest and penalties are applied by the IRS to know how it impacts your tax debt. Interest...
Tax Resolution 101 – Motor Vehicle, Registration and Professional License Holds
It is everyone’s favorite place to go. Whether your state calls it the MVA, the DMV or something else entirely, it is still a necessary inconvenience at best. Now imagine you have waited in line all afternoon to take care of your license and you find out you can’t...
Tax Resolution 101 – Installment Agreements
One of the possible resolutions to your case is what is called an Installment Agreement. And it is what you think it is – the result of properly presenting your financial condition and negotiating an acceptable monthly payment [the important words in that sentence...
Tax Resolution 101 – Liens and Levies
What’s a lien? What’s a levy? What’s the difference? Both a tax lien and a tax levy are collection tools used by the IRS and State to pressure taxpayers into payment or making payment arrangements. But there is an important distinction between a tax lien and a tax...
