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IRS Trouble Solvers™ Reminds Taxpayers to be Vigilant of “IRS” Scams, Especially as It Relates to the Elderly

IRS Trouble Solvers™ reminds all taxpayers to be vigilant of “IRS” scams, especially as it relates to the elderly. “IRS” scams come in many forms, but the typical one is where an unsuspecting taxpayer receives a phone call from the…

August 20, 2018

IRS Private Debt Collectors Demonstrate Lax Security

In 2015, Congress revived the IRS’ Private Debt Collection Program. Under this program, older uncollectible taxpayer accounts are assigned to private debt collection agencies. This program had been tried twice before without success because the program cost more money than…

August 20, 2018

husband-granted-equitable-relief-from-ex-wifes-tax-liability

Husband Granted Equitable Relief from Ex-Wife’s Tax Liability

Many taxpayers are well aware of the benefits of marriage. Married taxpayers can file joint federal income tax returns, and generally those partnerships can enjoy a lower tax rate. But, it’s important to remember that when you file together, each…

August 19, 2018

irs-allowed-to-levy-on-veterans-benefits-in-bank-account

IRS Allowed to Levy on Veterans Benefits in Bank Account

The IRS is typically prohibited from levying on veterans benefits in most circumstances.  This provision is designed to protect veterans from IRS enforced collection action. But what if those benefits were deposited into the veteran’s bank account?  Does this change…

August 15, 2018

court-holds-that-irs-collection-statute-of-limitation-is-still-open-can-still-collect-taxes

Court Holds that IRS Collection Statute of Limitation is Still Open, Can still Collect Taxes

The taxpayer was previously married and had unpaid assessed joint liability for 1993, 1994, 1995, 1997 and 1998 with her ex-husband.  While still married, the couple filed a Petition in the United States Tax Court protesting the proposed liability for…

August 15, 2018

what-are-my-allowable-expenses-if-i-owe-money-to-the-irs

What are My Allowable Expenses if I Owe Money to the IRS?

If you owe money to the IRS, there are several programs that may be available to you to resolve your IRS problem.  There are different types of installment agreements, namely streamlined and non-streamlined or regular installment agreements, depending on how…

August 15, 2018

irs-trouble-solvers-urges-a-paycheck-check-up-for-all-taxpayers

IRS Trouble Solvers™ Urges a Paycheck Check-Up for all Taxpayers

The tax law new in 2018 overhauled the taxation system in the United States.  Among other changes, the new law increased the standard deduction, removed personal exemptions, increased the Child Tax Credit, limited or discontinued certain deductions and changed the…

August 15, 2018

IRS Trouble Solvers™ Reminds All Taxpayers to Only Hire Honest, Ethical and Reputable Tax Professionals

If you are following the criminal trial of former Trump campaign chairman Paul Manafort, you have learned that his accountant, Cindy Laporta, the preparer of Manafort’s tax returns, knew that the tax returns contained false information when she prepared them. …

August 09, 2018

untimely-claim-for-refund-denied

Untimely Claim for Refund Denied

In a recent court case, the taxpayers, part-owners of a family business, timely filed their federal Form 1040 tax returns for 2002 and 2003 listing income from this “S” corporation.  As a result of this choice of corporate form, the…

July 26, 2018

tax-liens-survive-transfer-of-marital-home-from-husband-to-wife

Tax Liens Survive Transfer of Marital Home from Husband to Wife

In a recent case, a wife who had unpaid employment tax liability due to the IRS from her sole proprietorship business transferred her one-half interest in the marital home to her husband.  The deed transferred the property from both husband…

July 23, 2018

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