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.
IRS Penalty Relief-First Time Penalty Abate Program
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 promote
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IRS Abusive in Over 20% of Property Seizures
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. The
Read More »Offer in Compromise made easier by IRS
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 program
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Fighting an IRS Tax Audit: What You Need to Know
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 should
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‘Fresh Start’ for Struggling Taxpayers Gets Better
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 Start
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Bad Check Fees Charged by the IRS
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 $30-35
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