Installment Agreement Archive
More Clarity on CSED Problem
July 9, 2021
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TweetShareSharePin0 Shares In January of this year I wrote about a problem with the Collection Statute of Limitations (CSED) that my clinic encountered. In our quest to resolve the CSED problem, we involved the Local Taxpayer Advocate office. It confirmed that the CSED had run, despite the fact that the taxpayer’s account was still open,
IRS Tax Debt to Be Collected by Third Party Agencies
July 1, 2021
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TweetShareSharePin0 SharesIf you currently owe the IRS back taxes, now would be a good time to contact a tax professional to determine if you qualify for the IRS fresh start program. Recently, the IRS released information pertaining to their decision to enlist the assistance of four third party collection firms to assist in the recovery
Tax Debt Could Affect Your Ability to Travel
July 1, 2021
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TweetShareSharePin0 SharesMany of you may recall the transportation bill signed into law by President Obama. Did you also know that there is a stipulation in that bill that requires the Internal Revenue Service (IRS) to refer seriously delinquent taxpayers to the U. S. State Department for denial or revocation of your passport. The Fixing America’s
How to Reduce Payments to the IRS if You Owe?
June 28, 2021
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The IRS has some strict rules when it comes to approving a partial pay installment agreement. It doesn't allow anyone to opt for this scheme.
How Tax Relief Services Work
June 27, 2021
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TweetShareSharePin0 SharesWhat to expect from a Tax Relief company Most tax professionals work under tax relief companies. Therefore, hiring them is equal to hiring the services of the company; I guess that is obvious. The benefits associated with these services far outweigh the cost. These companies offer a wide variety of tax resolution services, thus
The Truth About Tax Resolution Fees
June 26, 2021
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TweetShareSharePin0 SharesWithin the tax resolution industry, there are a variety of fee models that you should be aware of. Different fee models have different potentials for abuse by the firm offering the services, and it is important to do your due diligence and fully understand what you are paying for, how much, and when, before
Technology and Taxpayer Rights
June 10, 2021
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TweetShareSharePin0 Shares This post includes information about the IRS’s plans to use AI to assist taxpayers. For more insight on the legal risks tax administrations face from using AI-enabled systems, including risks to taxpayer rights, there is a Zoom lecture hosted by Antwerp and VIA Universities, HMRC, the Prosperity Collaborative, and the Center for Taxpayer
All About IRS Statute of Limitations
June 4, 2021
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Before the IRS can begin proceedings collections, taxes must be thoroughly assessed. However, the assessment date usually initiates the statute of limitations. This occurs mainly for the purpose of collection.
Questions and Answers on Home Foreclosure and Debt Cancellation
May 29, 2021
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TweetShareSharePin0 SharesQuestions and Answers on Home Foreclosure and Debt Cancellation Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualify for this relief. This provision applies to debt forgiven in 2007, 2008 or 2009. Up to $2 million of forgiven debt is eligible for this exclusion ($1 million
Credit card anyone?
May 27, 2021
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TweetShareSharePin0 SharesCredit card anyone? The emergence of electronic age made almost everything possible to people. Determining and curing terminal diseases made convenient, reaching uncharted territories became a possibility, and most of all; everyday life of people is made easy by the technology. We now have more convenient stores, easier means of transportation and a variety
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