Kinston, North Carolina: Former tax preparer Hildares Kinkesha Parker-Greene has been sentenced to 30 months in prison for conspiring to file false returns. In early 2016, Parker-Greene managed a tax prep business in Kinston, where she conspired with another preparer to fraudulently inflate clients’ refunds by claiming false wages, federal income tax withholdings and dependents. Parker-Greene […]

Doubt As To Collectability The Offer in Compromise (OIC) for doubt as to collectability is a settlement initiated by a taxpayer based on a snapshot of the taxpayer’s financial situation.  In many cases, taxpayers can settle large tax debts for significantly less than they owe. The IRS will consider a client’s Reasonable Collection Potential (RCP), […]

1. The Right to Be Informed  Taxpayers have the right to know what they need to do to comply with the tax laws. They are entitled to clear explanations of the laws and IRS procedures in all tax forms, instructions, publications, notices, and correspondence. They have the right to be informed of IRS decisions about […]

The IRS has the power to garnish or legally seize any income you make to satisfy federal tax debt or taxes owed. Garnishments can apply to your hourly wages, salary, commissions, and bonuses. The IRS will contact your employer directly and require them to directly send the IRS a portion of your income. Your employer […]

While life can get in the way and cause you to miss filing timely tax returns, the IRS is notoriously unsympathetic when it comes to money they allege you owe. While filing late or having a backlog of unfiled returns can seem overwhelming, following these steps can protect you and your assets. If the filing […]