Find out how unpaid tax collection has changed during the COVID-19 pandemic.
Over my many years representing taxpayers who are in collections, I have negotiated hundreds of IRS and State Installment Agreements. During this time, I have developed a list of important information I need from my clients in order to negotiate the best possible monthly payments for my clients’ unique conditions. Here, I will share my …
State Tax & IRS Installment Agreements: 5 Keys to Negotiate Read More »
A taxpayer who accrues a balance due with the IRS receives a lot of correspondence as the IRS tries to collect on that liability. Some of this correspondence appears threatening, but actually doesn’t have much “bite.” Other correspondence means there could be serious danger up ahead, and may require immediate action. What is a cp504 …
Since the IRS is, far and away, the largest tax collecting agency in the U.S., it makes sense that people dread falling behind with federal taxes. But, what if you owe a state taxing authority? There is a common, and oftentimes mistaken, belief that a state tax liabilty is less serious and easier to fix …
If you have accrued a tax liability and think that an IRS collection representative will cheerfully explain how to best go about resolving your tax debt, think again. The IRS does a terrible job of advising taxpayers about their options for resolving unpaid taxes. The IRS Collections Department’s function is to collect as much of …
The Keys to “Easy” IRS Installment Agreement Negotiations Read More »
As a tax attorney who deals exclusively with resolving tax debts, I see a disproportionately large number of home healthcare providers as clients. Through the many home healthcare clients I have helped, I have learned that there are several aspects of the business model that put home healthcare businesses in grave danger of accruing a …
Home Healthcare Companies and Tax Liabilities: A Particularly Toxic Combination Read More »
If you owe taxes, but just can’t make a payment, don’t despair, there may be a solution for you in Currently Not Collectible status. Your chances will only increase if you hire a qualified tax resolution professional (not your local accountant, they usually lack experience and expertise in working tax collection cases) to guide you …
If you are an individual who owes money to the IRS, the last thing you want is for them to freeze your bank account or levy (garnish) your wages. The good news is that there are some very effective methods you can use to avoid such a potentially devastating situation. I’ll cover those below, along …
7 Effective Methods of Avoiding and Resolving Personal IRS Levies and Garnishments Read More »
I recently received a phone call from a former client with a big problem. We had negotiated an Offer in Compromise for this client in 2012, saving her business a few hundred thousand dollars. One of the conditions when the IRS accepts an Offer in Compromise is that the taxpayer must not accrue any new …
Why You Can’t “Set It and Forget It” With A Payroll Service Read More »
As soon as the IRS files a Federal Tax Lien against a delinquent taxpayer, it becomes public record that the person or business has a balance due to the IRS. The lien is filed very soon after a liability is assessed. The fact that the lien is public record means that anybody who cares to …
I am Told I Qualify for an Offer in Compromise—Is it a Scam? Read More »
IRS Tax Professional for a Taxpayer in Collections There are three types of professionals who are legally authorized to represent a taxpayer in collections: C.P.A.s, enrolled agents, and tax attorneys. The key is to find both the type of IRS tax professional and the right person within that type that will be best suited to …
How to Choose an IRS Tax Professional for Back Taxes Read More »
One of the most frustrating situations my clients confront is the IRS’s addition of large amounts of tax or Civil Penalties to tax periods that ended a long time ago. There can be several reasons for additions to tax or Civil Penalties, but the most common ones I encounter are reporting and reconciliation deficiencies across …
OK, so you’ve negotiated an IRS Installment Agreement for your IRS tax liability, and can finally breathe easy because you will not have to deal with your Revenue Officer anymore. Time to celebrate, right? Not so fast. IRS employees frequently tell me that the vast majority of Installment Agreements default before the balance is paid …
Any time a taxpayer incurs a balance due to the IRS, the IRS’s first response is almost invariably to demand that the debt be fully paid, immediately. However, in many situations, the taxpayer does not have the ability to fully and immediately pay the tax debt. This inability to quickly resolve the liability can lead …
