10 Common Complaints About Tax Return Preparers

Here are ten of the common complaints that are filed with the IRS about tax return preparers: Claims false exemptions or dependents or claims false expenses, deductions, or credits on your tax return. Files a tax return that does not match the the copy provided to you. Fails to file your tax returns. Fails to…

Rules to Know When the IRS Seizes Your Property

The IRS has the authority to take your funds or property if you do not pay your taxes. This is commonly referred to as a “seizure.” Our Tax Code and the IRS’s Internal Revenue Manual provide specific rules and procedures the IRS has to follow to seize your property. Here are the four primary rules…

Three Most Frequently Asked Questions About Paying the IRS

Working with the IRS can be difficult. If you are trying to make a payment to the IRS, you may find that you cannot even get the IRS to accept your payment. Here are the three most frequently questions clients ask us about making payments to the IRS. When Must Taxes Be Paid? Income taxes…

When the IRS’s Collection Efforts Create an Economic Hardship

The IRS has broad collection powers that it can bring to bear to collect unpaid taxes. Even though it has these powers, it often chooses not to use them. This is especially true in cases where the collection actions would result in an economic hardship for the taxpayer. What is an Economic Hardship? The term…

6 Tips for Avoiding the Trust Fund Recovery Penalty

If you are running a business and it is not withholding or remitting payroll taxes to the IRS, you should be aware of the trust fund recovery penalty. This penalty can make the business’ payroll taxes your personal tax problem. The IRS is able to assess the penalty against you individually. That means that the…

Get Rid of Unpaid Taxes Without Losing All of Your Assets

It is nice to have a retirement account with a significant balance. It is also nice to have a significant amount of equity in a home. It can be difficult to get tax relief from the IRS for unpaid taxes if you have one or more of these assets. Reasonable Collection Potential The IRS factors…

How to Avoid the Estimated Tax Penalty

The IRS imposes penalties for a number of different types of conduct. Many of these penalties can be abated or removed based on reasonable cause. Reasonable cause refers to there being extenuating circumstances. The estimated tax penalty is different, as extenuating circumstances are largely irrelevant. This makes it even more important to pay estimated taxes…