Proceeding blindly is something that you rarely want to do with the IRS. If you owe back taxes, or have unfiled returns, or are in any way concerned about an IRS problem, it’s best to...
Read PostCategory: Bankruptcy and the IRS, Cincinnati Ohio IRS, IRS audits, IRS Collection Problems, IRS levies and property seizures, Ohio IRS, Statute of limitations on collections, Substitute returns, Unfiled returns
Tax problems do come to an end – the IRS has 10 years to collect a tax debt. But be careful: The time the IRS has to collect can be unknowingly extended by you. The decisions you make...
Read PostCategory: Bankruptcy and the IRS, Innocent spouse, Offer in compromise, Statute of limitations on collections
It can be tempting to use payroll tax withholdings as a source of operating capital for your business, especially in troubled times. But this is dangerous – the IRS can penalize anyone in your business who took part...
Read PostCategory: Employment taxes, Trust fund recovery penalty
IRS tax liens are not forever. They do expire – here is an overview of when: For starters, the IRS has 10 years to pursue you for the unpaid taxes that caused the lien to...
Read PostCategory: Statute of limitations on collections, Tax liens