Self-Employed and in Tax Trouble? Here’s How to Get Back on Track
Freelancers, gig workers, and small business owners often face a common challenge: managing taxes without an employer handling withholding. At Fine & Clear Tax Solutions, we specialize in helping self-employed individuals resolve tax debt and stay compliant year-round. Why the Self-Employed Get in Trouble These issues often result in large year-end tax bills, penalties, or […]
Independent Contractors and Tax Debt: What to Know in 2025
Being an independent contractor comes with freedom—freedom to set your hours, choose your clients, and grow your own business. But it also comes with tax responsibilities that can catch even the most diligent worker off guard. At Fine & Clear Tax Resolution, we frequently work with self-employed professionals who are facing serious tax debt. If […]
Understanding IRS Levies: Causes and Solutions from ExpertsSmall Business Tax Help in 2025: A Survival Playbook from Fine & Clear Tax Resolution
The IRS has never been more aggressive toward small business owners than in 2025. With new audit initiatives, AI-supported enforcement tools, and a backlog of pandemic-era compliance issues, small business taxpayers are increasingly finding themselves overwhelmed by IRS letters, penalties, and collection actions. If you’re running a business and falling behind on taxes, you’re not […]
Understanding IRS Bank Levies in 2025: Protect Your Assets with Clear Tax Resolution
When it comes to tax debts, the Internal Revenue Service (IRS) has a powerful arsenal of tools to collect what is owed — one of the most severe being a bank levy. For taxpayers dealing with unresolved tax issues, the threat of an IRS bank levy can be overwhelming. As we move through 2025, the […]
CP501 Notice 2025: What to Do When the IRS Comes Calling
What Is a CP501? In 2025, this notice is still the IRS’s first serious effort to collect unpaid taxes. It isn’t a threat—but it is a warning. What to Expect If you don’t act, this notice leads to more aggressive letters, like the CP504, which may include levies or liens. Time to Act Now’s your […]
How to Navigate a Tax Audit Successfully: Insights from Fine and Clear Tax Solutions
Understanding Your Position Being audited by the IRS requires a clear understanding of your financial situation and the ability to present accurate information. Fine and Clear Tax Solutions, led by Guy A. Finocchiaro, CPA, offers 17 years of experience in guiding clients through audits and tax resolutions. Steps to Effective Audit Management Fine and Clear […]
Received IRS Letter CP1058? Here’s What It Means and What to Do Next
If you’ve received a CP1058 Notice from the IRS, it’s a serious warning—but not the end of the road. This notice indicates that the IRS has filed a tax return on your behalf because you haven’t filed one for a specific year. It’s called a Substitute for Return (SFR), and it rarely works in your […]
IRS Wage Garnishment: What It Is and How to Stop It
If you’ve noticed a large portion of your paycheck disappearing, you may be facing an IRS wage garnishment. This is one of the most aggressive collection tools the IRS uses—and one of the most stressful for taxpayers. Fortunately, wage garnishment can be stopped with the right plan and the right guidance. What Is Wage Garnishment? […]
IRS Levies: What They Are, Why They Happen, and How Fine & Clear Tax Solutions Can Help
When the IRS takes collection actions, one of the most severe steps they can take is an IRS levy. If you’re facing an IRS levy, it’s crucial to understand what it is and how you can prevent it from damaging your finances. What is an IRS Levy? An IRS levy is a legal seizure of […]
CP501 Notice: What It Means for You and How to Respond
What is a CP501 Notice? A CP501 Notice is a letter from the IRS that serves as a reminder for unpaid taxes. If you receive this notice, it’s crucial to act quickly to avoid penalties or additional collection actions. However, receiving a CP501 doesn’t mean you’re facing immediate or severe consequences—it’s a first step in […]
