The IRS’s Monthly Payment Plan
Many Americans file their tax returns every year and find out that they owe more income tax than they can afford to pay instantly. Also, many taxpayers owe back taxes and do not know how to settle their tax debt. Fortunately, the Internal Revenue Service has an organized program that permits [...]
Implications of Owing Back Taxes
If you have outstanding tax debt at the moment, you may be wondering if you can you get a passport if you owe taxes. This actually depends on the severity of your debt. The IRS says you will be unable to renew or apply for a passport if you are [...]
IRS Fresh Start San Diego CA – IRS Tax Attorneys
IRS Fresh Start San Diego CA One of the benefits of the 2021 IRS Fresh Start Initiative is that tax payers owing up to $50,000 often become eligible for a streamlined installment agreement, which can be secured with negligible financial information and can have a settlement term of up to 72 [...]
How to Deal With Tax Scams – Beware!
How to Deal with Tax Scams Tax scams are one of the most usual schemes that criminals cook up. These crooks steal your personal information for different intents, ranging from posing as phony IRS agents to taking money for fake charities, tax scams can take many forms and lure hardworking [...]
IRS Adjusted Refund Letter
Going through your mail and seeing a letter addressed from the IRS can send you into a state of anxiety. You may be asking yourself a lot of questions as you slowly tear open the envelope. If you discover that the IRS sent a notice claiming they made a change [...]
IRS Tax Lien: What You Should Know
A tax lien is a legal claim laid by the government against your property such as financial assets, real estate, and personal property. There are other collection methods that the IRS has at its disposal and this is just one of them. When your delinquent tax account is liable to [...]
Facts About Reporting Income to the IRS
Every year, the IRS collects more than $2 trillion in tax revenue. In spite of this massive sum of money, the IRS will at eventually notice if you do not report your own income to the government. It may be even more enticing to avoid reporting your earnings if you are [...]
Reporting Tipped Income to the IRS
People who work in companies or organizations as tipped employees, ought to report both their regular income and their tips from each shift as income. If you are employed as a waiter or waitress, a casino poker dealer, a valet, bus boy, or as another commonly tipped worker, it is [...]
Revenue Officer Responsibilities – Duties and Limitations
Revenue Officer Responsibilities A variety of professionals are usually employed by the IRS whose sole duty is to collect on delinquent taxes, penalties, and other monies owed to the government. IRS revenue officers play a vital role in the collection process. When you owe money to the IRS, it is [...]
IRS Form 13711 – Appeal Your Rejected Offer in Compromise (OIC)
Appeal Your Rejected Offer in Compromise (OIC) An Offer in Compromise or OIC can significantly reduce the effect of tax burdens on taxpayers. However, the IRS puts each OIC into consideration individually and it is capable of turning down offers for different reasons. Instead of accepting the rejection as the [...]
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