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A Tale of Unopened IRS Letters

The United States tax system is a voluntary tax compliance system – this means that you need to independently prepare and file and pay your taxes. You are not compelled to file anything. Because of the voluntary nature of this…

July 12, 2018

the-number-of-tax-liens-filed-by-the-irs-plummets

The Number of Tax Liens Filed by the IRS Plummets

The Number of Tax Liens Filed by the IRS Plummets What exactly is a tax lien? It typically takes the form of a Notice of Federal Tax Lien – essentially, it’s a notice to the world that you have an…

June 18, 2018

irs-scammers-up-their-online-game

IRS Scammers Up Their Online Game

If you’re a regular reader of this blog, you’re well aware of the many ways unscrupulous people can scam innocent taxpayers by pretending to be the IRS. Scams can take many forms. A common variation is when scammers randomly call…

May 22, 2018

tax-liens-to-be-removed-from-credit-reports

Tax Liens to Be Removed from Credit Reports

According to the Wall Street Journal, America’s three main credit-reporting firms plan to delete tax liens from American credit reports. Additionally, no new tax lien information will be added to existing reports starting this month. (The credit firms in question…

May 18, 2018

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Huge Sales Tax Income Bill Deal

IRS Trouble Solvers™ Cuts Deal with Illinois Department of Revenue on Huge Sales Tax, Income Tax Bill IRS Trouble Solvers™ reached a groundbreaking agreement with the Illinois Department of Revenue. This is related to unpaid sales tax and unpaid Illinois…

May 18, 2018

Fraud Penalty Asserted Against Employee for Embezzling Company Funds

What happens when a taxpayer attempts to claim stolen funds as income on their taxes? Let’s take a closer look with this useful anecdote. Steven Guynn was the owner of Team Systems, LLC (“Team Systems”). After Mr. Guynn semi-retired in…

April 11, 2018

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IRS Blows Assessment Statute of Limitation, IRS Prohibited from Assessing Tax

The Tax Court has made a ruling that brings some clarity to the statute of limitation in certain filing situations. In the recent case Hulett vs.Commissioner of Internal Revenue, the court held that the IRS did not act within the…

April 02, 2018

local-tax-attorney-warns-loss-tax-refunds

Local Tax Attorney Warns of Loss of Tax Refunds

The time to get your older federal Form 1040 returns in is now. If you haven’t filed your tax return for 2014 with the IRS, the IRS will reject any refund listed because of the refund statute of limitation. “Generally…

March 21, 2018

trumps-2019-budget-cuts-irs-funding

Trump’s 2019 Budget Further Cuts IRS Funding Despite Being Tasked with Implementing New Tax Reform Law

President Donald Trump recently released his fiscal year 2019 IRS budget request to Congress for a total of $15 billion in funding. As you are aware, the tax code was recently overhauled with the enactment of the new tax law….

March 05, 2018

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Taxpayer Wins on the Failure to Pay Tax Penalty, Loses on the Failure to File a Tax Return Penalty

In a recent case in the United States Tax Court, the taxpayer lost his argument that the IRS should not assess a failure to timely file a federal tax return penalty against him failed. However, due to a technicality, he…

March 03, 2018

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