TaxCure Blog

An offer in compromise lets you settle tax debt for less than owed – but this program has extremely high rejection rates. That’s because it’s complicated, and typically, the best course of action is to work with a tax professional. 

As of November 21st, 2025, a federal court has issued a preliminary injunction that permanently shuts down the business operations of American Tax Services LLC and its related entities. According to the FTC’s complaint, the company misled consumers, impersonated government agencies, and failed to provide promised tax relief services. The preliminary injunction permanently halts all business operations of American Tax Service LLC and its related entities while the case proceeds. The FTC and the State of Nevada are seeking permanent bans that would prohibit the defendants from offering tax or debt relief services in the future.

The IRS can seize (levy) assets to pay your outstanding tax liability. That’s the hard news. The good news is that there are several steps you can take to avoid the seizure of your assets. Being proactive and creating a plan as soon as possible is the best way to avoid the loss of your home, bank account, or other assets.

Auto repair and body shops are third on Florida’s list of delinquent taxpayers – 14 businesses in this industry owe a combined total of over $4.2 million in state taxes, with a median tax debt of $247,000 per business. And that’s just the businesses on the list – thousands of businesses in this industry across the state are struggling with lower but still very significant volumes of tax debt. 

Florida restaurants owe more back taxes than businesses in any other industry – and by a long shot. At the time of writing, Florida restaurants top the state’s list of most delinquent taxpayers, with an aggregate state tax debt of $2.6 million. That’s an average of just under half a million per company and a median of $280,000.

The One Big Beautiful Bill, Enacted July 4, 2025. In 2025, the Big Beautiful Tax Bill ushered in numerous changes that affect individuals, small business owners, and investors. This post looks at some of the bill’s biggest changes and explains how they’ll affect your tax filings and liability. Facing a tax problem? Use TaxCure to find a licensed local professional today.

The IRS puts a lot of scrutiny on tip income – this income is often underreported, and the rules are frequently misunderstood. In 2025, the One Big Beautiful Bill (OBBB) eliminated income tax on up to $25,000 of tip income for tax years 2025 through 2028, giving a break to tipped workers but potentially also creating even more confusion.

Check Out Funny Quotes and Get Tips on Staying on Top of Taxes

Transferring assets to other people can be tempting when you owe back taxes – you might think that putting assets in your children’s, spouse’s, or a friend’s name will prevent the IRS from seizing those assets. Or if you’re dealing with a corporation, it might be tempting to make large payments to shareholders or to transfer everything to another corporation. 

A lot of entrepreneurs set up their businesses with specific structures designed to limit their liability for business debts and lawsuits. However, there’s always a risk that you may face personal liability for business taxes or other debts, regardless of the structure of your business. This post outlines when you may face personal liability for business taxes and how to minimize the risk.