The Government Accountability Office (GAO) has outlined the costs to the IRS collection function in implementing President Bush’s Economic Stimulus Refunds. Of the roughly 2,000 employees in the IRS Automated Collection Service, the GAO report stated that approximately...
Read PostCategory: Automated Collection Service
The U.S. Attorney’s Office in the Eastern District of Kentucky has issued a release detailing that an IRS employee at the Covington, Kentucky, IRS Service Center has been charged and arrested with improperly accessing the...
Read PostCategory: Criminal investigation
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...
Read PostCategory: Collection Financial Standards, Form 433A, Form 433B, Installment agreements, IRS Financial Statements, Offer in compromise
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...
Read PostCategory: IRS Audits, Offer in compromise
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...
Read PostCategory: IRS Audits, Tax Court
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...
Read PostCategory: Form 433A, Form 433B, IRS Financial Statements
