Tax Resolution Services Kansas City

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 […]

The IRS has loosened the rules for people who are struggling to pay their taxes. The goal is to make it easier for individuals and small businesses to pay back taxes and to avoid IRS tax liens. The IRS’ new rules are part of its “Fresh Start” program. If you qualify, the “Fresh Start” can […]

Posted on October 5, 2015 in Tax Resolution Services Kansas City

Every September through November the IRS begins to send out federal tax liens and levies to anyone who may owe a balance to Uncle Sam. Receiving a notification from the IRS stops everyone in his or her tracks. Chances are it could be a simple situation that can be remedied quite quickly. While it is […]

Posted on December 11, 2014 in Tax Resolution Services Kansas City

States across U.S. Seen Reducing Taxes by the Most Since 2001 (From Accounting Today) U.S. states are taking advantage of an expanding economy to cut taxes by the most in 14 years while spending more on education and other programs, according to the National Association of State Budget Officers. States reduced taxes and fees this […]

Posted on February 12, 2014 in Tax Resolution Services Kansas City

Fresh Start Installment Agreements You can make monthly payments through an installment agreement if you’re not financially able to pay your tax debt immediately. However, you will reduce or eliminate a number of penalties and interest you pay and avoid the fee associated with setting up an installment agreement if you pay your tax bill […]

Posted on May 21, 2013 in Tax Resolution Services Kansas City

When you owe money to the IRS, are you on the hook forever? Fortunately, the answer is usually “no.” As a general rule, there is a ten-year statute of limitations on IRS collections. This means that the IRS can attempt to collect unpaid taxes for up to ten years from the date they were assessed. […]

Posted on May 2, 2013 in Tax Resolution Services Kansas City

Federal Court Strikes Down IRS Attempt to Regulate Tax Return Preparers In a clear rebuke to the Internal Revenue Service, the United States District Court for the District of Columbia held that the IRS had no authority to impose regulations on hundreds of thousands non-attorney, non-CPA, and non-EA tax return preparers. The regulations required these […]

Posted on April 27, 2013 in Tax Resolution Services Kansas City

Unfiled Tax Returns Approximately 10 million taxpayers do not file their federal tax returns each year. Typically, a failure to file can be cured easily if the taxpayer has professional representation and voluntarily addresses the problem. However, absent voluntary compliance and professional assistance, a taxpayer will face serious collection activities and even criminal prosecution for […]

Posted on April 22, 2013 in Tax Resolution Services Kansas City

What kinds of interest and penalties will I be charged for filing and paying my taxes late? Answer: Interest is compounded daily and charged on any unpaid tax from the due date of the return (without regard to any extension of time to file) until the date of payment. The interest rate is the federal […]