Tax Transcripts - Why They Matter I am going to share a little inside baseball to those of you reading this post. I can, 95% of the time, know how to resolve a client's case from reading tax transcripts. Tax transcripts are the...
IRS Final Notice of Intent to Levy. Now What? In my prior post, I described how the IRS bills taxpayers. One of those dreaded letters is the final notice of intent to levy. If you see the following line on your IRS notice, sit up and take...
What Do All These IRS Collection Letters Mean?! The IRS is the collection arm of the US Treasury. If you've never paid all your bills on time, you know that you will very likely get a letter asking for payment. The IRS is no different....
Why You Should File Your Taxes on Time Even if You Can't Pay The IRS just announced that January 27, 2020 will be the official start of tax season for individuals. I consider it important to remind people that if you cannot pay your...
Tax Returns and Divorce Taxes are one of life's inevitables. You cannot avoid it even while getting a divorce. In this blog post, I lay out three things to understand when dealing with tax returns in divorce. Why you need to get advice...
Can My Former Spouse File a Joint Return Without My Signature? The answer is maybe. Under some circumstances, you can be held jointly liable for your spouse's tax debts even if you didn't sign the return. Normally, you must sign the...
If you IRS on the Hunt This summer the IRS issued 10,000 letters to taxpayers who it believes should have reported virtual currency sales (also called cryptocurrency). Virtual currency, in a nutshell, is a digital unit of value. So like...
What The?! Your first question, logically, is what the heck do these three things have in common? Read on... Just Plain Stubborn I love my son but he is very very stubborn. He is 3 years old and we are in the process of potty training...
What to Do If You Cannot Pay Your Taxes?! I prepared a video, something I intend to do more of, discussing the first thing you need to understand if you cannot pay your taxes: get current. Current compliance is very important when dealing...
If your business receives an audit notice from the IRS regarding payroll tax compliance, don't panic. In this post I explain how the IRS conducts its payroll tax audits. Later posts will go into more details on what to expect and steps...
In my last blog post I talked a bit about the three types of offers-in-compromise. Offers as to doubt as to collectability make up a large majority of offers made to the IRS. The key to making a successful offer based on doubt as to...
If You Love to Travel but Owe Back Taxes Your Passport May Be at Risk. You may be aware of it but the IRS the right to suspend your passport. All it takes is a tax debt of $51,000, to included interest and penalties. Your vacation cruise...
Subscribe now and download your FREE Blueprint to IRS Relief instantly!
