Entrepreneurs justifiably take great pride in their business. But this pride often gets in the way of a clear understanding of the risk of continuing to operate into a storm of IRS trouble. The IRS...
Read PostCategory: Employment taxes, IRS Collection Problems, Trust fund recovery penalty, Unfiled returns
There are limits on the IRS continuing audits year after year. These audits are known as “repetitive audits.” Their scope is limited by Internal Revenue Manual 4.10.2.8.5. The Internal Revenue Manual states that if you...
Read PostCategory: IRS Audits, Tax Court
Here are the final five situations to look for when the IRS cannot take collection action: When the value of the property is protected by exemptions provided by Section 6334 of the Internal Revenue Code....
Read PostCategory: IRS collection notices, IRS levies and property seizures, IRS Seizures, Property Exempt from Collection, Summons
Here are five more situations in which the IRS is barred from taking collection action against you: When the timeframe to collect the liability has expired. The IRS has 10 years to collect a liability...
Read PostCategory: Bankruptcy and the IRS, IRS collection notices, IRS Enforcement Statistics, IRS levies and property seizures, IRS Seizures, Statute of limitations on collections
