When I obtain transcripts from the IRS for my clients I always look for the day the tax was assessed because the IRS only has 10 years to collect the debt. However, there are some events that can occur over that period of time that stops the Statute of Limitations temporarily. They include offers in compromise, collection due process hearings, requests for installment agreements, and bankruptcies.
Are You Going To Get Audited By The IRS?
The short answer is “probably not.” Less than 1% of tax returns are audited. Generally, there is a reason for the ones that get chosen. When the IRS receives a tax return, they score it. This identifies the tax returns where the numbers are outside the average from someone whose work is similar to the taxpayer.
The Truth About Offers In Compromise
In the real world, people and businesses settle for less all the time. So when they come to me with a tax problem, they want to know if they can make a deal with the IRS.
The Top 10 Most Litigated Tax Issues That Require A Tax Litigation Lawyer
If you receive notice from the IRS about income tax issues, it will likely be for one of the following 10 litigated IRS tax issues. Learn what each of these really means and how a tax attorney can protect you:
Tax Identity Theft: What You Need To Know
Tax-related identity theft has impacted more than 1 million federal taxpayers to date, according to a recent USA Today article. While the same article writes that incidents of identity theft related to fraudulent tax returns has decreased in the past year, IRS Commissioner John Koskinen recently testified that the nature of tax identity theft has shifted: Once committed by individuals, he says tax identity theft now involves sophisticated crime syndicates who hack internal online systems to gain personal taxpayer information.
Settling Your IRS Tax Debt
Learning that you have tax debt can be unwelcome financial news, especially if you didn’t account for additional tax payments in your budget.
Though you’re legally obligated to settle back taxes that are legitimately owed, there are cost-effective payment methods you can use to settle IRS tax debt. Here are some of the most popular payment options to consider for tax debt relief, and the pros and cons of each.
How to Deal With An IRS Audit
Being the subject of any tax audit can be stressful, but the intensity magnifies when an audit involves the Internal Revenue Service. Here are a few tips to help you … Read more
Different Statutes of Collection
Jeffrey: Hi. I’m Jeffrey Schneider, and I’m an enrolled agent, and this is We Got Your Back…Taxes. Today we have Steven Klitzner. He’s an attorney who specializes in what we … Read more
Top IRS Audit Triggers for Small Businesses
An IRS audit: few things strike as much terror in the hearts of small business owners than this simple phrase. You try to do your taxes accurately and on time, … Read more
Top Reasons For IRS Tax Audits
Below is an illustration explain IRS tax audits. There is a certain percentage of people every year that is going to be audited. Certain triggers can cause it to be … Read more
Solving Tax Problems – Offer In Compromise
If you are struggling with a tax debt that you cannot realistically repay, an offer in compromise may provide a workable solution, and a tax attorney can help you file … Read more
Summary of 2012 in Taxes
2012 has proven to be a tumultuous year when it comes to taxes. While there have been many changes during 2012, most were overshadowed by the flurry of changes prompted … Read more
The Basics of IRS Liens and Levies
Without question, one thing every American dreads is confronting the IRS. The best way to deal with the IRS, though, is by not incurring their disfavor–in other words, pay your … Read more
Understanding Audit Representation And The IRS
Some people would rather face root canal surgery than an IRS audit. According to ABC News, the IRS audited 1.6 million Americans in 2011 alone. This means that about 1% … Read more
Paying Unfiled Tax Returns – IRS Tax Problems
I’m tax attorney Steve Klitzner. My practice is limited solely to representing individuals and businesses with IRS problems. I estimate about 85% of the people that see me for the … Read more
Quarterly Estimated Taxes Deadlines
I’m tax attorney Steve Klitzner. My practice is limited solely to representing individuals and businesses with IRS problems. One misconception that people have is that the April 15th deadline is … Read more
Free Consultation With Tax Attorney Steve Klitzner
Tax Attorney Steve Klitzner here. My practice is limited solely representing individuals and businesses with IRS problems. Everybody that calls my office gets a free consultation with me; not with … Read more
Difference Between IRS Liens & Levies
I’m Tax Attorney Steve Klitzner. My practice is limited solely to representing individuals and businesses with IRS problems. Here’s a common question that people have: What’s the difference between a … Read more
IRS Installment Agreements
Hi, I’m tax attorney Steve Klitzner. My practice is limited solely to representing individuals and businesses with IRS problems. In the beginning of 2012, the IRS came out with a … Read more
IRS Tax Law
Hi. I’m tax attorney Steve Klitzner, and all I do in my practice, as an attorney, is representing individuals and business with IRS problems. Sometimes it’s because the IRS is … Read more
