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Driving for rideshare companies like Lyft and Uber has become a popular way to earn income, offering flexibility and independence. However, it also comes with unique tax responsibilities that many drivers are unprepared for. These responsibilities can lead to issues with the IRS, from underpayment penalties to tax debt. Let’s explore why Lyft and Uber…

Receiving a letter from the IRS can be a stressful experience, especially when it’s a CP523 letter. This notice is the IRS’s way of informing you that your installment agreement is at risk of being terminated. If left unresolved, this could lead to serious consequences, such as wage garnishments, bank levies, or property liens. But…

If you’ve been hit with penalties from the IRS, you’re not alone. Many taxpayers in Sacramento face penalties for various reasons, such as late filings, late payments, or inaccuracies in their returns. Fortunately, there is a way to reduce or even eliminate these penalties—through penalty abatement. In this guide, Rochelle Margucci of Sacramento Tax Problems…

Why IRS Notices Matter Receiving a notice from the IRS is an event that should never be taken lightly. These notices are official communications that may indicate issues with your tax return or account. At Sacramento Tax Problems, we often remind our clients that ignoring these notices can lead to significant consequences. Consequences of Ignoring…

Are you a Sacramento resident who has recently received a CP3219A notice from the IRS? At Sacramento Tax Problems, we understand that this can be a stressful situation. This blog will break down the CP3219A notice and provide guidance on how to handle it. What is the CP3219A Notice? The CP3219A notice, also known as…

Truckers play a vital role in keeping the economy moving, but managing taxes on the road can be challenging.  Many truck drivers, especially those who are self-employed, often find themselves facing tax problems that can quickly spiral out of control. Understanding these issues and knowing how to address them is crucial for keeping your finances…