Category: Tax Tips

How to Deal With IRS Revenue Officers

IRS revenue officer

What is an IRS Revenue Officer?  Revenue officers are the senior-most collection agents at the IRS.  They get assigned the cases with the highest priority within the IRS.  If your case is assigned a revenue officer, it means that the IRS considers your collection matter a top priority and you should take it seriously.   … Read more »

7 Worst Things To Do In An IRS Audit

7 things not to do in an irs audit

We get it. Tax audits can be nerve-racking, to say the least. And while there is a lot of information out there on what is appropriate to do, there isn’t much on what not to do. So allow us to outline some of the things you should never do during an IRS audit.

What Happens If I Don’t File My Tax Returns?

don't file tax returns

The law obligates every citizen to pay taxes to the IRS if their income satisfies a certain threshold. Only dependents are exempted from this rule. Similar to any other rule, filing tax returns is mandatory; there are no other ways about it. Failure to file tax returns at the stipulated time often has dire consequences,… Read more »

Cheated On Your Tax Returns?

Good News! Cheating On Your Tax Returns Is Very Common So you finally cheated on your tax returns and you are now confused? Well, the good news is, you are not the only one. In fact, cheating on tax returns is very common. There are millions of people who get away with it while a… Read more »

EITC Due Diligence Penalties Expand to Other Tax Credits

In February 2014, we published a blog detailing the IRS’s new campaign to up the ante when enforcing the Earned Income Tax Credit (EITC) duty of due diligence.  At that time, the Internal Revenue Service penalized tax preparers who failed to meet their duty of due diligence $50 per return.  Now, that penalty is a… Read more »

11 Tips to Negotiating an IRS Tax Settlement

How to Negotiate with the IRS It can be alarmingly easy for both individuals and businesses to get behind in their taxes and suddenly find themselves in deep trouble with the IRS, the kind of trouble that can start a downward spiral from which it can be difficult to recover. If tax payers don’t pay… Read more »