by JH | News tax insight | Jul 3, 2025 | IRS Notices
Receiving any correspondence from the IRS can be a source of stress and confusion for taxpayers. Among these, IRS Letter 566S stands out as an important notice that requires prompt attention. This letter typically indicates a review or adjustment of your tax return or...
by JH | News tax insight | Jul 3, 2025 | Tax Deductions
What OnlyFans and Content Creators Need to Know About Cosmetic Write-Offs This question made headlines in the landmark 1994 case Hess v. Commissioner, where an exotic dancer—Cynthia Hess, professionally known as “Chesty Love”—won the right to deduct her breast...
by JH | News tax insight | Jul 2, 2025 | IRS Notices
Receiving a letter from the IRS can be intimidating, especially when it pertains to the status of your tax refund. One such notice is the CP05A letter, which signals that the IRS is conducting a more detailed review of your return before releasing any potential...
by JH | News tax insight | Jul 1, 2025 | IRS Notices
Receiving IRS Letter 4800C can be unsettling, but it’s essential to understand that this letter is a proposed change, not a final determination. The IRS issues this notice when it finds discrepancies between your tax return and the income or credits reported by third...
by JH | News tax insight | Jul 1, 2025 | IRS Notices
Receiving a letter from the IRS is rarely a welcome experience, and Letter CP501 is no exception. Officially titled “Notice of Balance Due”, CP501 informs you that you owe taxes to the Internal Revenue Service. Whether you are a U.S. citizen residing abroad, a foreign...