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do-you-owe-money-to-the-irs-possible-tax-resolution-strategies-to-set-your-mind-at-ease

Do You Owe Money to the IRS? Possible Tax Resolution Strategies to Set Your Mind at Ease

Even for honest taxpayers, the IRS can be extremely frightening. Unlike most other government agencies, the IRS has the power to attach your wages, freeze your bank account and even confiscate your property, and that is enough to send a…

September 16, 2019

what-to-look-for-when-hiring-a-tax-resolution-professional

What to Look for When Hiring a Tax Resolution Professional

If you are under audit from the IRS or in receipt of a notice of additional tax due, the steps you take next could make all the difference. There is a strong temptation to ignore these communications, but doing nothing…

September 02, 2019

owe-back-taxes-to-the-irs-the-pros-and-cons-of-using-a-tax-resolution-service

Owe Back Taxes to the IRS? The Pros and Cons of Using a Tax Resolution Service

Three of the most frightening words in the English language are Internal Revenue Service. Few government agencies can strike fear into the heart of citizens like the IRS, and the tax agency enjoys powers most parts of the government simply…

August 22, 2019

steps-to-take-if-you-received-a-surprise-tax-bill

Steps to Take if You Received a Surprise Tax Bill

There have been a lot of stories about surprised taxpayers this year, and many of those surprises were decidedly unpleasant. Taxpayers who had received large refunds for years were shocked to find that they owed the IRS money this year,…

August 19, 2019

court-says-levied-funds-properly-applied-to-older-tax-year

Court Says Levied Funds Properly Applied to Older Tax Year

Married taxpayers who owed money to the IRS for over 15 years had filed two Offers in Compromise, both of which were rejected. An Offer in Compromise is where you “cut a deal” with the IRS and pay less than…

August 08, 2019

is-it-bad-to-settle-with-the-irs

Is it Bad to Settle With the IRS?

You may have heard on the radio, TV, and online, that you can settle your tax bill for less than what you owe. But are these claims actually true? And can you really settle your tax debt without hurting yourself…

August 05, 2019

irs-will-continue-issuing-paper-refunds-checks-for-the-time-being

IRS Will Continue Issuing Paper Refunds Checks for the Time Being

95% of all refunds are currently electronically paid to taxpayers directly into their bank accounts. Only 5% of all refunds are paid with a paper check. The IRS stated that it will continue to issue refunds via paper check because…

July 24, 2019

fraud-penalty-assessed-against-former-irs-revenue-agent-and-his-wife

Fraud Penalty Assessed Against Former IRS Revenue Agent and his Wife

In a recent case before the United States Tax Court, the Petitioner, an Internal Revenue Service Revenue Agent for over 29 years, and his wife were found liable for the fraud penalty for the taxable years 2011, 2012 and 2013….

July 08, 2019

failure-to-file-penalties-upheld-against-a-corporate-taxpayer

Failure to File Penalties Upheld Against a Corporate Taxpayer

In a recent case, a corporation learned that it did not file its federal Form 941 employment tax returns for 2010 through 2013 or paid the related liability. The corporation said that it first learned of this issue when it…

May 06, 2019

tax-court-grants-innocent-spouse-relief-to-husband

Tax Court Grants Innocent Spouse Relief to Husband

In a recent case, the Tax Court granted Innocent Souse Relief to the husband. Although the taxpayers had split up and lived in different states, they agreed to file a joint tax return for 2011. The tax return was prepared…

April 29, 2019

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