Pete Kici's EA Tax Blog

You’d expect advancements in AI to make life easier, yet scammers are using the same technology to create more convincing tax debt schemes. These fraudsters can mimic official agencies with alarming precision, making it harder for you to tell what’s legitimate and what’s not. Knowing how to recog...

If the IRS assigns your case to a Revenue Officer, you’re entering a structured process aimed at resolving your tax debt. You can expect a thorough review of your financial situation and options for resolution. Preparing for this interaction is crucial. The right steps can significantly impact th...

Did you know that nearly 1 in 10 tax returns are audited by the IRS each year? With such a significant chance of scrutiny, it's crucial to ensure your QuickBooks file is in top shape. A well-organized financial record can make all the difference during an audit. But what specific features in Quic...

You might be surprised to learn that a case from 1930 still affects how you handle your tax deductions today. The Cohan Rule offers a lifeline for taxpayers grappling with missing documentation. It recognizes the reality of your financial situation, especially if you're a freelancer or part of th...

Understand Your Tax SituationFirst things first, you got to know what's going on with your taxes. I remember when I was deep in it, feeling overwhelmed just trying to get all my paperwork sorted. Start by collecting your W-2s, 1099s, and any other relevant documentation. This way, you’re not just...

The Hidden Dangers of Ignoring IRS Notices If You Haven’t Filed Your Tax ReturnThe Consequences of Non-ComplianceA Big Ol' Penalty WaitingFirst, let me tell you: those penalties can pile up like a mountain if you're not careful. The IRS doesn’t just send you a little slap on the wrist when you do...

If you owe the IRS, tax debt collection is getting tougher in 2025 due to advanced technology, stricter regulations, and improved data sharing between agencies. Automated systems and AI can easily track unpaid taxes and identify potential evaders. Economic trends also impact your ability to pay, ...

If you're a non-filer, understanding how the IRS uses wage and earning reports, like W-2s and 1099s, to track your income could keep you out of hot water and or possibly jail . These reports come from your employer and financial institutions, helping the IRS verify the information you may or may ...

The IRS is facing significant downsizing, with staff reductions and office closures affecting operations nationwide. While this shift may seem like a relief to taxpayers concerned about audits and collections, it also comes with major implications. Understanding how these changes impact enforceme...

If you're struggling with tax debt, you might be tempted by promises of quick relief. However, Beware of Tax Debt Relief Scams many scams lurk in this space, preying on your urgency and desperation. These fraudsters often use tactics that sound too good to be true. To keep your finances safe, it'...