With a new year comes a recurring nightmare for millions of Americans have who fallen behind on filing their tax returns. They are dreading a threatening letter from the IRS, but are so overwhelmed they do not know where to begin. The good news is that there is a solution. The first thing we do…
One of the great parts of representing taxpayers with IRS appeal problems is that the law gives them plenty of rights. One of my favorite is the appeal.
If you owe the IRS money, you may not be able to leave the country. The IRS is taking away passports as part of IRS Section 7345. It allows them to advise with the State Department to suspend or deny the passports of taxpayers. Luckily, this mostly applies to those who owe a lot of…
Every year, my clients save millions of dollars because the time for the IRS to collect has expired. The Statute of Limitations for when you owe the IRS money is 10 years from the day the tax was assessed. Some of these people have been declared uncollectible by the IRS or have been making small…
The IRS audits less than 1% of the total tax returns filed. There is usually a reason a particular return gets selected.
While it is true that the IRS cannot one day put a lock on your residence and sell your house, they can take action to do just that. If a Revenue Officer is convinced that it is in the best interest of the government, he or she will request the Justice Department file a lawsuit…
At my first meeting with a prospective new client, their biggest fear is people is going to jail for not filing tax returns or not paying outstanding debt. As a general rule, all the IRS wants from most people are all of the tax returns and an agreement to resolve the balance owed.
Many small businesses are unable to pay their payroll taxes for various reasons. Often, they do not have enough money to pay all of their bills. If they do not pay their rent, they will get evicted. If they do not pay their utilities, they will be shut off. If they do not pay their…
When a married couple file separate returns, they can later amend and file a joint return. When they initially file a joint return, they cannot then file separate returns. However, under certain circumstances, one party may be able to separate the liability.
If someone wants to file an Offer in Compromise to settle their tax debt, the IRS will not make a business decision. In the real world, if you owe someone $100,000 and offer them $80,000, the creditor will probably accept the deal. However, the IRS will never leave money on the table.