The Internal Revenue Service (IRS) has announced that a new payment option has been added to the private debt collection program. The payment option is intended to make it easier for those who owe to pay their tax debts, although some practitioners, like me, fear that it could lead to abuse.
Read more →
Tax levies put your assets at risk. To remove them, you’ll need to work with the IRS to pay your back taxes.
Read more →
No one wants a visit from the Internal Revenue Service. But if you get too generous with your calculations, you may need to back up your tax return.
Read more →
What You Need to Do If You Plan to Travel Abroad and Have Unpaid Federal Taxes WRITTEN BY: Rosenberg Martin Greenberg LLP Last week, the Internal Revenue Service (“IRS”) published another friendly reminder that it was recently vested with the
Read more →
It’s not your imagination: It really is a different kind of tax season. It’s so different that the National Taxpayers Union Foundation (NTUF), a nonpartisan research and educational organization, is calling on Congress to extend the filing season. by Kelly Phillips
Read more →
White collar defense attorneys and accountants engaged to assist in investigations conducted by the IRS Criminal Investigation Division are familiar with these words: “… the tax loss … is … $550,000 to $1,500,000 …” By Edward M. Waddington and Ricardo J.
Read more →
You probably didn’t think to run a credit check on your spouse before you got married. After all, love reigns supreme, right?
Read more →
Taxpayers who are victims of a disaster might need to reconstruct records to prove their loss. Doing this may be essential for tax purposes, getting federal assistance, or insurance reimbursement. IRS Tax Tip 2017-54, October 4, 2017 Here are 12
Read more →
California’s Governor Brown has signed a bill (AB 525) which extends the life-span of the Board of Equalization’s (BOE) Offer in Compromise program for an additional 5 years. Offer in Compromise is a state program that allows small businesses to
Read more →
Dealing with the IRS can be overwhelming, making life feel like it’s falling apart. Uncertainty about the future may be mounting as you try desperately to find a way to pay a debt that you have little or no funds
Read more →
If a joint tax return is filed by a married couple, and the taxes are not paid or the IRS comes in and audits – asserting that additional taxes are due – a spouse may be entitled to be excused
Read more →
CPAs, Enrolled Agents and attorneys are part of a privileged group that can represent taxpayers at all levels before the IRS, yet many choose not to extend their practice when collections issues arise. For those that do, there are some
Read more →
Couples who elect to file a joint tax return enjoy many advantages. But when you do file jointly, know that both spouses are “jointly and severally liable” for the taxes owed. This means if one spouse is a tax cheat,
Read more →
If you are one of the millions of taxpayers who owe back taxes to the IRS there are certain actions you can take to protect yourself from garnishment.
Read more →
The beginning of the school year is a good time for a reminder of the tax benefits for education. These benefits can help offset qualifying education costs. Here is information about two tax credits available to those who pay higher
Read more →
