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Tax

The Taxpayers’ Bill of Rights
The Taxpayers’ Bill of Rights

Every taxpayer in the U.S. has certain rights when it comes to dealing with...

What is Reasonable Collection Potential (RCP)?
What is Reasonable Collection Potential (RCP)?

Reasonable Collection Potential (RCP) is a term the IRS uses to specify the minimum...

The Effect of the 2025 Budget Law on Taxing Social Security
The Effect of the 2025 Budget Law on Taxing Social Security

The One Big Beautiful Bill Act (OBBBA) has led to numerous tax law changes...

The Effect of the 2025 Budget Law on Taxing Tips
The Effect of the 2025 Budget Law on Taxing Tips

The federal tax law that was passed in 2025 makes major changes to how...

The Effect of the 2025 Budget Law on Income Tax
The Effect of the 2025 Budget Law on Income Tax

The major piece of legislation recently passed by Congress (also known as the “One...

The Federal Government’s New Budget Bill and Its Effect on Tips, Social Security, and Income Taxes
The Federal Government’s New Budget Bill and Its Effect on Tips, Social Security, and Income Taxes

The recently enacted One Big Beautiful Bill Act (OBBB) makes a lot of overhauls...

The Federal Government’s New Budget Bill and Its Effect on the ERC Tax Credit
The Federal Government’s New Budget Bill and Its Effect on the ERC Tax Credit

The federal government's 2025 budget law has been making headlines across the nation. If...

All About Penalty Abatement and Tax Resolution
All About Penalty Abatement and Tax Resolution

The team at Dayes Law Firm can help clients settle tax debts and assist...

IRS to Increase Audit Focus on Wealthiest Taxpayers
IRS to Increase Audit Focus on Wealthiest Taxpayers

In May 2024, the Internal Revenue Service (IRS) announced in its Strategic Operating Plan...

How to Request Penalty Relief from the IRS
How to Request Penalty Relief from the IRS

Taxpayers may be saved from paying fines and additional charges through a process called...