An IRS audit is a review of a taxpayer’s returns and supporting records to verify that income, deductions, and credits were reported accurately. While audits can be stressful, most are limited in scope and can be resolved efficiently with proper preparation. Taxpayers who later obtain new evidence may request audit reconsideration. Read More
The IRS has authority under federal law to collect unpaid tax through wage garnishment. Once the levy is in place, an employer is legally required to withhold part of the employee’s earnings each pay period and send it to the IRS. Garnishments can be financially disruptive but are not irreversible. Read More
An Offer in Compromise (OIC) allows certain taxpayers to settle an outstanding tax debt for less than the full amount owed. The IRS accepts an offer only when it determines it is unlikely to collect the full balance before the statute of limitations runs out or when collection would create an undue hardship. Understanding the formula the IRS uses is essential before submitting an application. Read More
Tax liabilities that go unpaid quickly grow through interest and penalties. To help taxpayers who fell behind, the IRS introduced the Fresh Start Initiative in 2011 and later expanded it. The program aims to make repayment and compliance more attainable while reducing the need for aggressive collection actions. Read More
Taxes aren’t just about compliance—they’re about strategy. Proactive planning and sound business advisory services can create significant advantages. At Pivot Tax, we help individuals and business owners reduce liabilities, improve cash flow, and make smarter financial decisions. Read More
When disputes with the IRS escalate, taxpayers may face U.S. Tax Court or sudden enforcement actions like a bank levy. These situations can be intimidating and disruptive, especially without professional guidance. At Pivot Tax, we provide skilled Tax Court representation and bank levy assistance to ensure your rights and assets are protected. Read More
