Free Download
If you’re having tax problems

Tag: IRS

Can the IRS Take Your Passport?

IRS passport denial

  The IRS can’t seize your passport, but they can let the State Department know if you have seriously delinquent tax debt. Once this happens, the State Department can deny your passport renewal or revoke your current passport. Before this happens, you’ll have several opportunities to resolve your tax problems and keep your right to… Read more »

Why Small Businesses Need IRS Tax Attorneys

  As the saying goes, there are two inevitabilities in life: taxes and death. Many small businesses are also faced with tax issues. That is because a lot of business owners don’t have the information and guidance needed to file their tax returns correctly. A good IRS tax attorney can save business owners stressful weeks… Read more »

Understanding The Basics of the New IRS Virtual Appeal

It is a common misconception among American taxpayers that the Internal Revenue Service (IRS) offices work at a slow pace (I mean… they’re not the post office. Amirite??). The IRS took a big step by offering an efficient and timeless program that allows taxpayers to hold “face to face” meetings with the IRS representatives – IRS… Read more »

The Federal Payment Levy Program

FPLP

What is the Federal Payment Levy Program (FPLP)? The Federal Payment Levy Program (FPLP) gives the IRS the right to seize a portion of certain payments you receive from the government. If you are a federal employee, a government contractor, or receiving Social Security benefits, your payments could be offset under the FPLP.

How to Prevent a Tax Seizure

How to Prevent a Tax Seizure

Preventing a Tax Seizure If you refuse, ignore or fail to pay your federal income taxes, the Internal Revenue Service has the legal right to seize your property. Property levies are the most severe action taken by the IRS. In case you are behind on the tax debt, you should understand how tax seizures work… Read more »

The IRS Can File a Substitute Return on Your Behalf

substitute for returns

What are the Drawbacks to Letting the IRS File an SFR on your behalf? If you don’t look forward to filing your taxes, having the IRS file your return for you might not sound so bad. However, there are several drawbacks to the Substitute for Return (SFR) filed by the IRS:

How the IRS Proves You Have Committed Tax Fraud:

Tax Fraud

Methods of Proof of Tax Fraud When the IRS decides to pursue a criminal tax investigation into a taxpayer, it is typically because they believe said taxpayer has committed some sort of tax fraud. Usually that is underreporting of income, overstating their deductions, or not reporting certain income at all.  In order for the IRS… Read more »

Negligence Versus Tax Fraud: How the IRS Tells the Difference

What is the Difference Between Negligence and Tax Fraud? The American taxpayer’s fear of the IRS is very similar to our fear of the dentist: irrational and rooted in nothing more than making mountains out of molehills. (most of the time). What do I mean by this? Well think about it.  Think back to the… Read more »

What Is An Offer In Compromise

Offer in Compromise

Offer in Compromise – Defined An Offer In Compromise (OIC) is essentially an agreement you come to with the Internal Revenue Service (IRS) in order to settle your tax debts. Not everyone who owes a tax debt is eligible for an OIC; it’s specifically made for those who are not going to be able to… Read more »

Key IRS Cash Business Audit Techniques

Marijuana dispensary cash briefcase

IRS Methods for Reconstructing Cash Income in a Tax Audit After the Service has targeted a cash business for audit, laid a foundation, examined applicable records, and interviewed the taxpayer, the nitty gritty begins. The auditor will indirectly reconstruct business income if the records are inadequate, inconsistent with the interview answers, or otherwise suspect.