Consumers would do almost anything than pay their taxes, according to a new survey, even if it meant shaving their heads, foregoing the internet and social media for a year, or having the same song stuck in their heads. The survey, from the online marketplace, polled more than 1,000 consumers across the country. It […]

When the IRS comes around to collect, sooner or later you’re going to have to face the music. If you play games with the tax collector, the system is designed to make your life miserable. So here are ten things to remember when you owe the IRS: Don’t ignore any IRS notices. More people get […]

Reasonable Cause is based on all the facts and circumstances in the taxpayer’s situation.  The IRS will consider any reason which establishes all ordinary business care and prudence was used to meet your Federal tax obligations but were nevertheless unable to do so. Typical Situations The IRS will consider any sound reason for failing to file […]

There are times where you agree with the IRS that you owe taxes, but you can’t pay due to your current financial situation. If the IRS agrees that you can’t both pay your taxes and your reasonable living expenses, it may place your account in Currently Not Collectible (CNC) (hardship) status.

If your Collection Statute Expiration Date (CSED) is near, the IRS may act aggressively to get you to pay as much as possible before the deadline or agree to extend it.

Posted on September 18, 2017 in IRS

CPAs, Enrolled Agents and attorneys can represent taxpayers at all levels before the IRS.  The first step in resolving tax disputes with the IRS is to understand the taxpayer’s rights and the alternative defenses available. Although understaffed, Collections is still a significant activity of the IRS. There are specific procedures the IRS must follow during […]

Porterville, Calif.: Preparer Marie E. Sherrill, 56, has pleaded guilty to one count of wire fraud and one count of aiding the preparation of a false return. According to the plea agreement, Sherrill promoted a fraudulent investment program that promised the victims that their money would be put into “pooled investments” with the money of other […]

Worker misclassification is a perennial issue for the Internal Revenue Service and state taxing authorities due to the perception that many employers are not properly classifying their workers. By avoiding labeling their workers as employees, employers also avoid paying minimum wages, overtime, payroll taxes, worker’s compensation, unemployment, Social Security contributions, health benefits, paid leave, 401(k) […]

Boxer Floyd Mayweather Jr. is asking the Internal Revenue Service for a temporary reprieve on his tax debts until he fights Conor McGregor in an upcoming bout. Mayweather reportedly filed a petition with the U.S. Tax Court, according to the legal news website Law 360, claiming his funds are not accessible and asking for an […]

You may qualify for relief from penalties if you made an effort to comply with the requirements of the law, but were unable to meet your tax obligations, due to circumstances beyond your control. If you received a notice, be sure to check that the information in your notice is correct. If you can resolve […]