Gas at $4.00 gallon; IRS National Standards lag behind

The Speedway gas station I can see from my suburban office window lists gas at $4.00 gallon. It now costs about $75 to fill-up a F-150 truck these days. At one fill-up per week, that is $325 per month for gas for one family car.
The IRS, in reviewing an ability to repay a [...]

What happens if the IRS accepts my offer in compromise, but then I have trouble staying current on my taxes?

This is frustrating, and has happened to my clients in the past. The IRS does not want the compromise to default any more than you do. The IRS wants to give you an opportunity to remedy a potential default in an already accepted compromise.
There are three primary ways the IRS will consider defaulting [...]

Tax Court - providing a level playing field in audits.

I just settled an audit on behalf of a client that had to make its way to Tax Court to be resolved.  The audit was caused by significant losses my client claimed on rental real estate.  But it but morphed into an IRS investigation of her banking statements and deposits. 
Taking a case to Tax Court [...]

IRS Financial Statements Revised - Traps Included!

For the first time in 4 years, the IRS revised the financial statements that are required to be used in collection cases.   There are several changes that are noteworthy, and to be careful with when answering.  On Form 433B, used to investigate businesses with IRS problems, the IRS asks who is responsible for depositing payroll taxes.  
The [...]