IRS Law Blog

If you receive an IRS letter CP40, rest easy.  You are no longer on the IRS’ radar. Instead, your case is now the responsibility of a private debt collector. The IRS letter CP40 reads:  “We...

Normally, IRS installment agreement rules require you to give them your financial information to get a payment plan.  However, the IRS has been steadily allowing higher amounts to be owed to still get an installment...

IRS collection efforts are resuming from where they left off when COVID-19 first hit. The IRS has started sending their CP500 collection letters demanding payment. The IRS is making it clear that they are not...

Time and time again, I hear from clients who received advice to file an offer in compromise from an IRS collection agent, their accountant, or a friend. They took the advice and had their offer...

The IRS charged you penalties for not paying and filing your taxes, and you want relief. But is IRS penalty relief worth it? After all, when you see how much the penalties have added to...

You have patiently waited for your IRS collection statute expiration date to arrive. But you anxiously wonder:  As the collection comes closer to an end, will the IRS rear its ugly head and become aggressive?...

You owe the IRS back taxes, and a local Revenue Officer is coming after you to collect and wants to interview you. Or maybe you received a letter from an IRS auditor stating that they...

All had been quiet on the IRS front. Then you received a stack of IRS mail, and gathered the courage to open it. And right there, in bold letters in the middle of the front...

You owe taxes to the IRS, but your spouse does not. Naturally, you want to keep your spouse’s finances from being drawn into your tax problem. The last thing you want is the IRS prying...

In the back of your mind, a question lingers:  When is the best time to file an offer in compromise? You are right to wonder. The timing of your filing can make a big difference...

You are now retired, on a fixed income, relying on your social security benefits to pay the bills. Back in the day, you made some financial mistakes and got behind on your taxes. Maybe it...

You just got your tax return back from your accountant. Or maybe you completed the return on your own with tax software. Either way, the result was terrifying. You owe money to the IRS that...

Not filing tax returns can be habit forming. With the best intentions, you miss filing one year’s return.  That grows into another year, and then another. Fears mount, procrastination feeds itself, and one missed filing...

An IRS Revenue Officer came knocking on your door, leaving a card, and a request that you call. Or maybe the Revenue Officer sent you an introductory letter threatening your wages and bank accounts if...

If you are self-employed and own a business, you know there are good months and not-so-good months. It can be seasonality (lawn care), or the ebbs and flows of the stock market (financial advisor), or...

You may be concerned about what the IRS will do if you are unable to repay your taxes. After all, the IRS wants to get paid, and has powerful ways to do it, like levying...

Getting an installment agreement approved by the IRS will not only put you in their good graces, but bring peace of mind. That’s because once your agreement is approved, your IRS file will be closed...