My IRS Experience

According to IRS, every American citizen is responsible for filing their own tax return when required to do so through a duty known as voluntary compliance. Fortunately the majority of Americans comply by determining and paying the correct amount of taxes to the government. However, there Read the rest of this entry »

Dealing with the IRS can be one of the most stressful situations anyone has to endure. And when it comes to IRS back taxes settlement, things can get even more stressful. But it doesn’t have to be this way at all. The key to having success with the IRS is hinged on understanding their settlement process and Read the rest of this entry »

The IRS has a 10 year period of time in which to collect back taxes. After that ten year period of time, the back taxes drop off the tax data base and the debt is legally forgiven and can never be collected. The federal tax liens are also Read the rest of this entry »

When the IRS determines to put your case in Hardship Status, few persons know how and why these cases come back out to the field or back into the IRS collection system. Having been a former IRS Agent, I had placed hundreds of cases in the currently non collectible status, known to the IRS Agent as Status 53 because of the form number. Tax Cases come back out to the ASC Unit or Read the rest of this entry »

Some individuals and organizations do not follow the standard procedure of paying their share of taxes to the government. By not doing so, they are committing a crime under the income tax laws of the US. The act of flaunting the rules and laws institutionalized for the proper functioning of the government is considered a serious offence. These types of crimes are termed Read the rest of this entry »

TAXES AND DEATH IN THE USA

How would you like to reduce taxes on property and earnings, and learn how to keep more of the hard earned money you make every payday. Save money – reduce taxes. I know I wanted to do that so I attended a seminar. Let me say from the outset that I am not a tax expert, accountant, or attorney. But I do Read the rest of this entry »

If you have past due taxes, chances are you are pretty nervous about the situation. After all, almost no one battles with the IRS and wins. Chances are you have some questions about what to expect. Here are some answers to common questions regarding taxes. Read the rest of this entry »

Everyone wants to save money on their taxes, but don’t let your enthusiasm for lowering your tax liability get you caught up in a tax scam. Be careful with your personal and financial information when making electronic transactions. You should know that the Internal Revenue Service does not initiate contact with taxpayers through email. Do not open links or accept Read the rest of this entry »

Generally speaking, the IRS has a legal limit to how long they can chase you for collection of back taxes. This limitation is 10 years from the date the tax was assessed. The assessment date is usually a couple months after you file the return, because it usually takes that long for somebody at the IRS to Read the rest of this entry »

Many folk these days are finding themselves having difficulty with the Internal Revenue Service (IRS). If you are one of these people who are experiencing IRS trouble then you may well know something about this situation. The IRS may have notified you of a debt of back taxes if you didn’t Read the rest of this entry »