IRS

The IRS Collection Process: A Review of the Basics Procedure & Administration The IRS is the largest collection agency in the country and by far the strongest, empowered by Congress to take actions necessary to collect taxes owed to the federal government. Such a wide-ranging power can easily create some fear among those who do […]

Will my IRS debt ever just go away?  Will there ever be a time that the IRS will just leave me alone? Yes, and yes. The collection of most every IRS debt eventually ends, and that would include yours.  This is called the statute of limitations on IRS collections.  The Internal Revenue Code gives the […]

Information About IRS Wage Levies If the IRS levies (seizes) your wages, part of your wages will be sent to the IRS each pay period until: You make other arrangements to pay your overdue taxes, The amount of overdue taxes you owe is paid, or The levy is released. Part of your wages may be […]

To encourage prompt payment of withheld income and employment taxes, including social security taxes, railroad retirement taxes, or collected excise taxes, Congress passed a law that provides for the TFRP. These taxes are called trust fund taxes because you actually hold the employee’s money in trust until you make a federal tax deposit in that […]

Posted on July 2, 2018 in IRS, Tax Attorney Kansas City, Taxpayer

Just about the most common problem self-employed people and partners make is failure to pay estimated tax payments.  It is hard enough being a small business, and rent is due or you have employees to pay.  But according to the IRS, you must pay them first. Taxes must be paid as you earn or receive […]

Many taxpayers have encountered individuals impersonating IRS officials – in person, over the telephone and via email. Don’t get scammed. We want you to understand how and when the IRS contacts taxpayers and help you determine whether a contact you may have received is truly from an IRS employee. The IRS initiates most contacts through […]

Posted on May 22, 2018 in IRS

A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt. Where does Internal Revenue Service (IRS) authority to levy […]

Now that tax season is over, audit season has arrived. Based on statistics released in the 2017 IRS Data Book, the audit rate for individual tax returns is the lowest it’s been since 2002. It’s currently 0.6 percent, or about one in every 160 returns. That rate amounted to 934,000 audited returns in 2017. But there […]

Posted on May 5, 2018 in IRS

Your client wants to sell or buy valuable property, and you have patiently answered questions and jumped through all the hoops, but you know that if the seller cannot convey clear title after the contract is signed, all inspections completed and conditions met, there will be no deal.  You get the title commitment and realize […]

Posted on March 29, 2018 in IRS

This season it seems as if as many people are trying to steal money as claim refunds. The IRS has issued its robust Dirty Dozen list of tax scams, and schemes make headlines almost every week. But are clients aware of the dangers? “We get calls all the time – and even though we talk […]