The best way to get relief from an IRS collection problem is to consider the complete picture before jumping in. A quick way out may be desired, but it is important to look carefully before...
Read PostCategory: Automated Collection Service, Bankruptcy and the IRS, IRS Collection Problems, IRS levies and property seizures, Offer in compromise, Statute of limitations on collections
The trust fund recovery penalty can cause financial havoc for anyone involved in a business that did not pay over its employee withholdings to the IRS. Internal Revenue Code Section 6672 allows the IRS to...
Read PostCategory: Currently Not Collectible, Economic hardship and the IRS, Employment taxes, Trust fund recovery penalty
I received a great question from a reader about whether Veteran’s disability benefits should be included in the value of an IRS installment agreement or offer in compromise. Although the question is directed to Veterans’ disability...
Read PostCategory: Economic hardship and the IRS, Installment agreements, IRS levies and property seizures, Offer in compromise, Property Exempt from Collection
