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
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
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...
Read PostCategory: Uncategorized
The average amount of an IRS settlement in an offer in compromise is $6,629. Sounds good, doesn’t it? If only it was that easy – everyone would be doing it, right? The reality is that...
Read PostCategory: Form 433A, Form 433B, IRS Collection Problems, Offer in compromise, Uncategorized
House Ways and Means Oversight Committe Chairperson Charles Lewis and Ranking Member Charles Boustany have introduced H.R. 2343, the Tax Compromise Improvement Act of 2009. The bill would eliminate the requirement of IRC 7122(c) that...
Read PostCategory: Offer in compromise, Uncategorized
