IRS TAX DEBT RELIEF Taxpayers most often find themselves in a situation where they have to keep up with their tax obligations and in some cases they default and they have to live each day with the burden of paying up what they owe. Owing an enormous debt can be very disturbing, and especially a [...]

USING AN OFFER IN COMPROMISE TO USE YOUR TAX DEBT: Tax debt is nothing to look over, especially when you owe an outrageous amount. It is sometimes possible to wipe your tax slate clean at an enormous discount.  If you cannot afford your tax debt, the IRS must decide if and also a perfect way [...]

IRS Installment Agreements  A monthly payment plan is frequently the most pleasant way to clear off any enormous tax debt, even a tax liability, and the Internal Revenue Service (IRS) presents different payment plans and installment agreements to help taxpayers get rid of their tax debts. The taxpayer can apply for an installment agreement online [...]

IRS Form 656- The Offer in Compromise Application: The Internal Revenue Service (IRS) Form 656, the OIC, is a proposed contract giving the Internal Revenue Service (IRS) a definite amount of money, usually just a chunk of the entire tax debt owed by the taxpayer. You might owe $15,000, and you offer paying the IRS [...]

 What Is Form 1040: U.S. Individual Tax Return? Tax Returns in the United States of America, are reports filed with the Internal Revenue Service (IRS) or with the state or local tax collection agency (for example, California Franchise Tax Board) containing information used to calculate income tax or other taxes. Tax returns are usually prepared [...]

Tax Fraud Whistleblower Reward The IRS estimates that the United States loses more than $450 billion per year to tax evasion. The Tax Relief and Health Care Act of 2006 created an IRS Whistleblower Office tasked with working exclusively with whistleblowers, and providing eligible whistleblowers with a percentage of the government recoveries. Prior to 2006, [...]

PRP means - Problem Resolution Program The IRS Problem Resolution Program   The Internal Revenue Service (IRS) objective is to provide a system that its services are much more customer-service-oriented by reducing taxpayer burdens (to the barest minimum possible) and improving quality and customer satisfaction. To that end, several programs addressing taxpayer problems [...]

THE IRS FORM 433 Tax debt is nothing to look over, especially when you owe a huge amount. If you cannot afford your tax debt, the IRS must decide if and also a perfect way for you to settle your debt. The IRS uses tax forms such as Form 433-A or Form 433-F to decide [...]

Pros and cons of filing a tax extension Filing a request for a tax extension using IRS Form 4868 asks the Internal Revenue Service (IRS) to extend the time to tax file your personal tax return. An extension moves the deadline for submission of 15 April to 15 Oct. An extension gives you additional time [...]

How to respond to a letter from the IRS The answer actually depends on the type of letter from the Internal Revenue Service. Every year the IRS sends millions of letters and notices. This is the way the agency contacts taxpayers, not by calling them out of the blue and threatening to put them under [...]