Surprise visits from IRS field collection agents, known as Revenue Officers, were once one of the most intimidating aspects of owing taxes. However, in a recent policy change, the IRS decided they will no longer...
Read PostCategory: Revenue Officers
You may already have an idea that the IRS is far from perfect, and makes mistakes when collecting taxes. That’s scary, but it’s also true. And because those mistakes are often the result of unintentional...
Read PostCategory: Collection End Dates
An IRS offer in compromise (OIC) is not all it’s cracked up to be. There are major drawbacks to an OIC, as the IRS’ strict guidelines may not work in our favor. It’s natural to...
Read PostCategory: Offer in compromise
Resolving your IRS debt can feel overwhelming: is an offer in compromise right for you? How about currently not collectible status? Or maybe your best path is entering into an installment agreement? Each road with...
Read PostCategory: Installment agreements, Nonstreamlined Installment Agreement, Streamlined Installment Agreement
Be careful if you have stumbled across the IRS’ offer in compromise online calculator. The IRS’ online calculator is just a computerized system that attempts to tell you if a compromise is an option. But,...
Read PostCategory: Offer in compromise
For the last few years, we have had to pause our vacations and big trips due to COVID travel restrictions. Now, however, travel is coming back – we can take those cruises to the Bahamas, fly...
Read PostCategory: IRS collection notices, Passport
You have finally jumped through all the hurdles. You are riding high, you have finally resolved your case with the IRS, and entered into an official IRS installment agreement. The bear is now off your...
Read PostCategory: Collection End Dates, Installment agreements
When owing money to the IRS, worst-case scenarios flash through your mind: your house will be taken, one morning you will wake up to find your car no longer in the driveway, your business will...
Read PostCategory: Automated Collection Service, garnishment, Revenue Officers, Uncategorized
During the height of the COVID-19 pandemic, IRS Revenue Officers did their work remotely, like so many of us. Now, however, Revenue Officers are coming back out into the field, resuming their surprise visits to...
Read PostCategory: Collection Financial Standards, Currently Not Collectible, Installment agreements, Revenue Officers, Streamlined Installment Agreement
IRS tax debt can pile up like snow outside your house after a big winter storm. The morning after a snow storm, we look outside our windows, and are unsure where to even start: we...
Read PostCategory: Collection Financial Standards, Form 433A, Form 433B, Installment agreements, IRS Collection Problems, levy, Nonstreamlined Installment Agreement, Streamlined Installment Agreement
Although it is scary to imagine, you may find yourself face-to-face with an IRS Revenue Officer. They could be knocking at your front door, or even arrive unexpectedly to your place of employment. You might...
Read PostCategory: Employment taxes, Form 433A, Form 433B, garnishment, IRS collection notices, IRS Collection Problems, IRS levies and property seizures, IRS Penalties, IRS Seizures, levy, Revenue Officers, Unfiled returns
Nothing feels worse than being unable to pay your taxes or missing a tax filing deadline. You already feel anxious and like the situation is out of your control – and then, on top of...
Read PostCategory: Currently Not Collectible, Interest and penalties, IRS Penalties, Offer in compromise
One day, you receive a letter in the mail appearing to be from the IRS. As you read the letter, you begin to sweat: it’s threatening to seize your property, garnish your wages, levy your...
Read PostCategory: garnishment, Installment agreements, IRS collection notices, IRS Seizures, levy, Revenue Officers, Statute of limitations on assessment, Tax liens, Uncategorized
At times, it feels hard to trust the IRS. After all, tax laws are complicated and lengthy – you may find yourself thinking they’re purposefully written for you not to understand them. However, there is...
Read PostCategory: Automated Collection Service, Revenue Officers
The IRS collection division is awakening from its Covid-19 slumber. At the beginning of the pandemic, the IRS was respectful of hardships. IRS Revenue Officers stopped actively working their case files. Revenue Officers were closing...
Read PostCategory: garnishment, levy
Owing a lot of money to the IRS can increase your chance of offer in compromise acceptance. You may not expect that having a big tax debt can help you in an offer in compromise,...
Read PostCategory: Offer in compromise
You are in the process of selling your house, and your bank alerts you that they found an IRS tax lien, and it needs to removed for your buyer. It is not financially feasible for...
Read PostCategory: Tax liens