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IRS officially changes installment agreement rules 2 Feb 2012 | 09:57 am
On Jan. 20, the IRS released a memorandum (SB/SE 05-0112-013) to its collection employees, formally implementing policy changes to the streamlined installment agreement. These changes come with a new ...
IRS officially changes installment agreement rules 2 Feb 2012 | 04:59 am
On Jan. 20, the IRS released a memorandum (SB/SE 05-0112-013) to its collection employees, formally implementing policy changes to the streamlined installment agreement. These changes come with a new ...
2012 Brings Changes to IRS Collection Rules 17 Jan 2012 | 08:47 pm
While most of us were celebrating the holidays, the IRS was making changes to its systems, processes and forms. This year, the IRS made a significant change to how it will collect unpaid balances fro...
2012 Brings Changes to IRS Collection Rules 17 Jan 2012 | 03:53 pm
While most of us were celebrating the holidays, the IRS was making changes to its systems, processes and forms. This year, the IRS made a significant change to how it will collect unpaid balances fro...
"Hammer Time" for MC Hammer.... 3 Jul 2011 | 11:07 pm
Let me attempt to guess on “Stanley Burrell’s” plight with the IRS…. Normally the IRS can only collect for 10 years from the date of assessment…however, Mr. Burrell or “MC” still has what the IRS sta...
A Free Offer....if you Qualify for an Offer in Compromise 3 Jul 2011 | 11:05 pm
Last year, only 10,665 people recieved an Offer in Compromise on their tax debt. That's right- only 10,665 - and there were over 16 million people being pursued at one-time by the IRS for debt owed. ...
Unemployed and Owe Tax Debt? 3 Jul 2011 | 11:05 pm
Times are tough. Here are the obvious economic signs as of June 1, 2009: 1. Unemployment is almost at 10% and is expected job losses are to continue at least through the end of 2009 2. Property valu...
IRS must release levy in case of hardship- even if you have not filed all your returns 2 Jul 2011 | 02:23 am
In a recent Taxpayer Advocate memorandum to its employees, the TAO has determined the IRS should follow a very unusual ruling in the Tax Court case, Vinatieri v Commissioner. In fact, the TAO informs ...
When does payment deferral or "currently not collectible" end with the IRS? 2 Jul 2011 | 02:22 am
If you cannot pay your taxes, the IRS may have (at your request and providing of evidence to support not being able to pay) put you in currently not collectible status (IRS calls this "CNC" or "Status...
2010 Tax Law Changes will provide relief for more with tax debt burdens 2 Jul 2011 | 02:18 am
The Taxpayer Assistance Act of 2010, as proposed by the House Ways and Means Committee, has a critical amendment to section 7122 of the Internal Revenue Code. What is section 7122 reference? The Offe...
