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IRS passport revocation updates and deciding what to do

It has now been over a year since the FAST Act was passed. The FAST Act included a provision that amended the US tax code to give the power to the IRS to have your passport revoked for unpaid federal income tax taxes of $50,000 or more.

Federal IRS Tax Amnesty Programs

In this article, I share my insight and hard lessons I learned as a tax attorney over the last 15 years. Whether you need to settle tax debts or get into compliance with unfiled tax returns, unreported income, or missing informational reports (such as foreign bank accounts), or have concerns about criminal charges, there are a variety of federal programs to help you end the uncomfortable uncertainty of a tax problem.

6 surprising facts about IRS collections

Anyone who has read any of my other articles knows that I think the tax code is convoluted, irresponsible, and morally bankrupt.  The IRS operates through the fear of the unknown; once you understand the facts, they are much less intimidating. I am going to share six surprising facts about IRS collections that just...

6 Myths about the Offer in Compromise Program

Here's a fact for you: the IRS Offer in Compromise program has helped tens of thousands of US taxpayers get out from under crippling tax debt. As a tax attorney, that's the kind of resolution that I like to see. Unfortunately, thanks to misinformation on late night TV ads, various internet ...

IRS Fresh Start Tax Amnesty Guidelines

IRS Fresh Start Tax Amnesty Guidelines: Not as "fresh" as the name would imply. As it turns out, calling it the IRS Fresh Start Program is a bit misleading. The IRS Fresh Start tax amnesty guidelines probably won't surprise you because they're just a repackaged version of what ...

Does the IRS Fresh Start Program actually work? An overview.

The IRS Fresh Start Program isn't just for your benefit. It is for the IRS. The program is designed to help individuals and small businesses with overdue tax liabilities, and it also has the benefit of helping the IRS by removing taxpayers from its vast collection inventory. The IRS Fresh Start s a bit of a win-win --- the initiative makes it easier for individual and small business taxpayers to pay back taxes and also avoid tax liens (or get them withdrawn). In this article, we will give you the overview of how its been helping our clients.

2018 Tax Resolution Programs

Tax resolution programs are extremely important to helping those that are struggling with tax debts. Many people are surprised to find out that you can actually negotiate with the IRS. There are a number of tax resolution programs provided by the IRS that can be monumental in dissolving your tax problem.

IRS Notice CP90 - What should you do?

If you have received a CP90 Notice from the IRS, it means they are notifying you of their intent to levy certain assets for unpaid taxes. This is generally what most people refer to as garnishments or levies of wages and bank accounts. You have the right to a Collection Due Process hearing.

IRS Notice CP40 - What does it mean?

If you've received IRS Notice CP40, it means that the IRS is notifying you that they have assigned your tax account to a private collection agency for collection. So what should you do?

IRS seizures: What you need to know

The IRS has vast authority to enforce the US tax code. Included in that authority is the power to seize property to satisfy outstanding tax ...

Penalties for unfiled taxes

Now that April 18th has passed, most people have completed their tax returns and won't think about taxes again until next year. Most...but not all. What are your options if you haven't filed taxes?

IRS Notice CP504 - Is a levy really coming?

If you receive IRS Notice CP504, it means you have an unpaid amount due on your account. If you do not pay the amount due immediately, the IRS will seize (levy) your state income tax refund and apply it to pay the amount you owe. So what can you do?

IRS Notice LT11 - What does it mean?

The IRS will send you Notice LT11 if they haven’t received any payment from you for your overdue taxes. The letter is to advise you of their intent to seize your property or rights to property. So what action should you take?

Passport Revocation update January 2017

The IRS has released information about the details of the new passport revocation law for unpaid tax debts, and when it may go into affect.

Payroll tax debt negotiations

You had a great idea, a business that was thriving. Then out of nowhere, circumstances arose that made you miss a payroll tax payment. All of a sudden you found yourself playing ‘catch up’ with the IRS while still trying...

How the IRS finds you

You look at the caller id and it says ‘Internal Revenue Service’. Someone that sounds very official provides you with their ‘IRS identification badge number’ and tells you in no uncertain terms...

How much can I save with an IRS Offer in Compromise?

Can an IRS Offer in Compromise save me money? We've heard this question asked of us in many different ways -   "How much should I offer the IRS?", "You're a tax attorney, tell me how much money you can save me", or "What percentage should I offer to pay the IRS?" If we knew the exact answers ...

Federal Tax filing extensions

Getting taxes done is often a project that sits on the back burner...in reality, who's excited about doing their taxes? The good news is that you do have the option of asking the IRS for an extension to file your...

The PATH Act of 2015 - Some welcome updates

On December 18, 2015, the House and Senate passed the PATH Act, otherwise known as "Protecting Americans from Tax Hikes Act of 2015." The act itself is extensive, so we'll touch on the points that we think have the most...

When you're looking to pay a chunk of an even bigger bill

Somehow you got to the point where you got behind on your federal income taxes. Or, maybe your federal payroll deposits tripped you up this time. The point is, you got behind, and you're not alone. So how can you solve the problem? Your # 1 goal should be to reduce your IRS bill; this way you can pay...

4 Reasons why your Offer in Compromise was rejected

If you've submitted an Offer in Compromise, you know how much time and effort is put into the process; rejection can be devastating. Here are some reasons why your Offer in Compromise was rejected, and what you might be able to do to fix it. 1. Your Offer in Compromise was rejected because you...

IRS Fresh Start Program Business and Payroll Taxes

When thinking about the IRS, many people only consider things from an individual standpoint. However, that's not always the case. Businesses can also fail to pay their taxes and have to sort out their liabilities with the IRS. Whether it's a C-Corp (Form 1120) having failed to pay their income and payroll taxes or...

IRS Fresh Start Penalty Relief

One of the most common things we hear new clients ask is something along the lines of, "Can't you just have the IRS remove my penalties? I don't mind paying my taxes, but I don't want to pay the penalties or interest." It's incredibly important that you get this idea out of your mind, because it almost...

IRS Fresh Start Program Offer in Compromise

The best way to solve your problem -- if you are to pursue an IRS Fresh Start Program Offer in Compromise -- is to submit an offer that's going to let the IRS know you are legitimately wanting to move past this as quickly as possible. New rules mean new obstacles...

IRS Fresh Start Program Installment Agreement

Installment Agreements are the heart of the IRS Fresh Start Program and originally, the streamlined installment agreement for taxpayers who owed up to $25,000 was available to everyone. We want to make sure that you're aware of some of the new changes to the IRS Fresh Start Installment Agreements, how they affect the program as a whole, and whether or not they're going to help you get the outcome you're hoping for.

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