The IRS is laying off 6,000 employees in the middle of tax season.

Yep.

They’re sending thousands of workers home, just as people are inundating the IRS with filing their 2024 returns.

For your clients with tax debt, this might sound like good news.

“Fewer IRS employees?

Maybe they’ll forget about me!”

Nope.

The IRS has long been an inefficient, bloated mess that mismanages taxpayer dollars while making life miserable for those who owe them money.

Well, Elon Musk’s team has arrived at IRS headquarters to take a hard look at how the agency operates.

Whether or not you agree generally with DOGE, it’s about time.

You’re going to get these calls. Trust me…

Your client will receive a Form 1099-K, and they'll have no idea why.

They don’t own a business.

They don’t sell on eBay.

They just use Venmo to split rent with a roommate.

But now, they’re worried the IRS thinks they owe taxes on money that was never income in the first place!

This is the new reality for millions of Americans.

Let’s break it down.

In 2025, it's becoming increasingly difficult to hide in the shadows if you own cryptocurrency.

And if your clients are trading crypto, they’re probably unaware of just how much scrutiny they’re under.

Guess who’s going to get the late-night call when they find out the IRS is on to them?

You do.

What Taxpayers Need to Know

Donald Trump has made bold claims about the tax code.

He’s even talked of getting rid of the IRS altogether!

What’s the reality here?

Find Out If It Does

The IRS is sending $1,400 payments to over a million taxpayers who missed out on a credit they qualified for in 2021.

Some members of Congress are pushing to hold back an additional $20 billion on top of the $20 billion already taken away of the $80 billion Congress gave the IRS two years ago.

Sounds good, right?

No one likes the idea of the IRS getting additional funding if, as these members of Congress claim, they’re going to turn around and harass everyday Americans.

But what if a reduction in funding actually HURTS taxpayers’ ability to resolve their tax debts?

You’ve heard the hype.

S Corporations are the magical solution to reduce taxes and keep Uncle Sam at bay.

But that’s not always true.

S Corps aren’t the answer to every tax or business structure problem.

In fact, using an S Corp in the wrong situation can cost you.

As a business owner, you have a lot of responsibilities.

But the one responsibility that can’t fall through the cracks?

Payroll taxes.

Neglect this and your thriving business could come crashing down.

If you’re a business owner, you're REQUIRED to report your Beneficial Ownership Information (BOI) to the U.S. Department of Treasury via the FinCen BOI E-Filing System by the end of the year.

The penalties for not doing it are $591 daily!

Let’s dive into what BOI is, why it’s critical, and how you can dodge those egregious daily penalties.

The IRS CP504 letter is scary as hell.

But many clients mistakenly believe it means the IRS is coming after their money and their property and they're coming right now.

The reality is, when you receive a CP504 notice, it does not mean IRS is coming to take everything you own.

An IRS payment plan is typically a taxpayer’s first move when they owe back taxes.

On the surface, it appears straightforward: enter a plan, pay each month, and, over time, chip away at the debt.

It’s not that simple.

When your client is blowing up your phone telling you that the IRS is about to take all of their money, well, they’re right, or at least it’s a real possibility.

For most professionals—whether you're a CPA, a realtor, or an attorney—this type of situation may be outside of your comfort zone.

But your client is looking to you for answers and they’re expecting you to give them the answer.

If you’re tangled up in Michigan back taxes, you know the drill—endless letters, threats of levies, liens, garnishments.

But here’s the good news: if your assets and income potential aren’t enough to cover what you owe, Michigan’s Offer in Compromise (OIC) might just be your ticket to a manageable tax debt solution.

You represent small businesses and their owners.

Their companies are growing but with growth comes growing pains.

Including a cash crunch.

What happens when the business needs its vendors to provide materials crucial to production and money is tight?

The IRS releases its "Dirty Dozen" most common tax scams every year and basically every year they warn taxpayers about Offer in Compromise “mills” who will take your money and promise you the world only to leave you with nothing…

And then they promptly try to trick you into calling the IRS yourself so THEY can be the ones to take your money and leave you with nothing.

I’m still talking about this because people don’t seem to be getting it.

I know the IRS hasn’t sent anything to you for like 5 years and so you convinced yourself the tax just disappeared and was never coming back.

As a CPA, financial advisor, or attorney, you’ve likely seen it before.

One of your clients hasn't paid their taxes and spent the last two years avoiding the IRS.

Now things are getting serious.

You’ve got plenty of tools to help your clients in most areas but  tax debt is something different.

Business tax debt creates an adversarial fight with the IRS but the real threat is to your business operations and profitability.

It starts small—maybe a missed payroll tax payment or a shortfall in quarterly taxes...something you’ll deal with later.