For taxpayers, the fact that the IRS merely collects on laws they often did not promulgate can be used as leverage when negotiating with IRS, as they may not be quite so committed to their stance as they would be if they had created the law they are enforcing. This article in Forbes discusses some key points to keep in mind when negotiating any sort of settlement with the IRS.
The article below details the proposed laws regarding passport restriction and travel for those that owe the IRS more than $50,000 and are delinquent in their payment status or who have not entered into a collection alternative, i.e. compliance.
A Tax Preparation Firm in the United States retained representation for tax resolution services with our organization after an investigation by the IRS culminated in a $90,000.00 penalty for failure to meet earned income tax credit due diligence requirements.
The IRS now resorts to indirect, ancillary methods to assist with the assessment and collection of tax due. This article explores three such methods identified recently by the National Taxpayer Advocate.
“Once upon a time . . .” is how most fairy-tales begin. There are generally no fairy-tales to speak of when dealing with the federal government, but if there was one, it would definitely be the Offer in Compromise (OIC).
This article explores three methods identified recently by the National Taxpayer Advocate.
Most procedural opportunities to stop or delay collections present themselves soon after the tax debt is assessed. As a result, engaging professional help for IRS debt settlement sooner than later is absolutely crucial.
One of the most joyous occasions of your life may possibly be your wedding day. But what if your financial debts were making this impossible?
The IRS is getting ready to revoke or deny passports for taxpayers with seriously delinquent tax debts. Here’s what you need to know.
In April of 2017, the IRS began using third-party collection agencies to assist in collecting overdue taxes from taxpayers. Here’s what you need to know.
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