Do You Know About the 4 Scenarios in the IRS Collection Process?
The IRS collection process begins when IRS does not receive full and timely payments from a taxpayer after it issues a collection notice. Based on the information in the taxpayer’s 1040 tax return, if the taxpayer does not pay the
- JD Supra
Are you Eligible for an IRS Offer in Compromise?
Are you Eligible for an IRS Offer in Compromise? was published by JD Supra on 8/15/16. IRS has a program called Offer in Compromise (OIC) which allows eligible Taxpayers to settle a tax debt with IRS for less than the
- JD Supra
Taxpayers Have 10 Bills of Rights
Each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the IRS. The Taxpayer Bill of Rights (also known as TABOR) groups the existing rights in the tax code into ten fundamental
- Foodman CPAs & Advisors
“Spider Webs”, “Panama Papers” and IRS
“Spider Webs”, “Panama Papers” and IRS was published by JD Supra on 6/13/16. IRS has asked involved U.S. taxpayers to come forward before IRS reads and dissects the “Panama Papers”. IRS will “plan how to use the huge trove of
- JD Supra
Don’t Let The I.R.S. Define Your Conduct As Willful, or Else…
Don’t Let The I.R.S. Define Your Conduct As Willful, or Else… was published by JD Supra on 6/1/16. Something that most of us don’t realize is that Internal Revenue Service has stated that the taxpayer is responsible to learn IRS
- JD Supra