Tax Resolution »
Whether you’re an individual or business you may be audited by national, state or local taxing agencies. If examined, there are a number of tax resolutions options available including installment agreements, an offer in compromise, and an appeal. This focus center provides news and information for all taxpayers types on the audit and appeal process and options available to resolve a tax debt.
Beginning 2001 IRS started granting First Time Abate (FTA) waiver to taxpayers who have compliant history for prior three years. The purpose for granting the waiver is to reward past tax compliance and promoteRead More »
Most taxpayers do not hold the Internal Revenue Service (IRS) in high regard, but a recent report from the Treasury Inspector General for Tax Administration (TIGTA) may provide some validation for these feelings. TheRead More »
The IRS has recently announced that as part of its “Fresh Start” initiative they will be offering easier terms for reaching an offer in compromise to settle tax debt. The offer in compromise programRead More »
The IRS has never been more rigorous in its focus on closing the tax gap – the difference between what it actually receives in taxes each year and what the IRS believes it shouldRead More »
New steps were taken this year to help people get a fresh start with their tax liabilities. Perhaps most importantly, the Internal Revenue Service (IRS) increased the lien filing threshold under the Fresh StartRead More »
Earlier this week the Consumer Financial Protection Bureau (CFPB) released its plan to investigate overdraft fees charged by banks, including how they are marketed and explained to customers. Bank overdraft fees range from $30-35Read More »