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Tax Transcripts and Why They Matter

Jan 16, 2019 | Taxes Tips

I received a phone call recently from a person who was very frustrated with his tax situation. He was expecting a large refund from his 2017 federal tax return which he filed right at the October 2018 deadline. He didn’t get all of the refund because the IRS garnished...

10 year collection statute

Jan 8, 2019 | Taxes Tips

Most people have heard about a “statute of limitations” in the area of criminal law. There is a period of years, after a crime has been committed, to prosecute the people that the authorities believe committed the crime. Once that time limit has passed, charges can’t...

Tax Resolution Compliance – The Key

Jan 4, 2019 | Taxes Tips

In prior weeks I wrote about, “The IRS Collection Process”, “IRS Collection Letters” and “The Final IRS Notice”.This week I am writing about the first step you need to take in order to solve your tax problems, which is to get into “tax compliance”. Before you can...

The IRS Final Notice

Dec 26, 2018 | Taxes Tips

Last week I wrote about “IRS Collection Letters” (CP 501,503 and 504) that become increasingly threatening as time goes on and your tax debt remains unpaid. You can also link to my first blog, the “IRS Collection Process” which is an overview of what you are in for if...

Collection Letters – What to do

Dec 19, 2018 | Taxes Tips

Last week I wrote about the “IRS Collection Process” and the steps taxpayers need to take in order resolve their tax debts along with some alternatives that are available to them. This week I am going to take a step back and go into detail on some of the compliance...