The IRS has taken action against rising gas prices by increasing the standard mileage deduction rate for business trips.

Perhaps you’ve received a letter from the IRS recently and have been informed that they’re beginning the collection process of delinquent tax liability debts and that you are one of those debtors. On the other hand, perhaps you haven’t gotten a letter, but anticipate getting one soon, now that the IRS has resumed collections after the COVID-related pause of last year. Remember, they can go back for ten years to collect from past-due income tax filings. Knowing that you owe a large sum of delinquent back taxes without realizing precisely what can or will happen next could be keeping you up at night. 

This popular blog post was first published early in the pandemic of 2020. We have made some updates and offer it again as conditions continue, worsen, and in some cases improve. Always changing. We expect that there will be more changes to come in the months ahead and we'll do our best to help you stay on top of things and navigate the solutions that are best for you.