Information on tax problems and tax debt help
14
Dec
The purpose of this post is to advise my client’s, prospective client’s, and other professionals on how to deal with the State Taxing Authorities. Most State Authorities operate without efficiency, they are understaffed, underpaid, and overworked. Therefore, their objective is to collect the outstanding amount owed as quickly as possible by way of levy, garnishment, [...]
13
Dec
We have had to revisit installment agreements for various different reasons. A few reasons have been for lack of payment, accrual of additional taxes, failure to remit timely payments, and so forth. What is important to remember is the installment agreement usually can be reinstated rather quickly. The appropriate and following steps must be taken: [...]
12
Dec
If you own a business, operate a business, or have ownership percentage in a business, beware of the repercussions it could cause with regard to a personal Offer In Compromise. A personal Offer In Compromise under doubt as to collectibility, or effective tax administration is an offer to settle the outstanding amount owed for any [...]
12
Dec
The IRS is making changes to the lien process whereby the IRS will allow liens to be withdrawn under certain circumstances. The circumstances are as follows: – Taxpayers need to have an assessed personal balance due of less than $25,000 – Taxpayers need to enter into a direct debit installment plan – Taxpayers on existing [...]
The information provided on this Site is for general guidance and to offer the user general information on particular subjects of interest. It is not intended to constitute legal, accounting, tax or other professional advice or services. To the extent that this Site concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law.