Times are rough and no IRS debt is too small to justify a personal visit.
In recent news, two IRS agents showed up at a Sacramento car wash in pursuit of 4 cents. The business owner found this comical because it demonstrated a poor sense of IRS priorities–are there really no bigger fish out there to fry?
According to the Sacramento Bee, “penalties and taxes accruing on the debt - stemming from
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Our team at TRS recently helped Charles M., a man from Shreveport, LA, who owed the IRS over $5 million in back taxes, interest, and penalties settle his IRS debt for just under $14,000 by qualifying for an Offer in Compromise tax settlement.
Taxpayers should know that the IRS Offer in Compromise process is a complex and time-consuming procedure. While the IRS typically rejects a high percentage of Offers, you
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Did you know that the IRS does not like to talk about the use of bankruptcy to remove tax liabilities, but the reality is that many IRS taxes, penalties and interest do qualify for complete 100% discharge in bankruptcy?
The IRS is not able to collect on expired back taxes. The IRS has 10 years from the date of assessment (usually close to the filing date) to collect back taxes.
Don’t miss
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The team at Tax Resolution Services is very excited about our endorsement from leading national TV/radio personality, Glenn Beck.
It’s no surprise that this tax season is extra stressful for thousands of taxpayers with the struggling economy and heightened IRS tax collection efforts. When you take a look at the statistics, there indeed are more jobs being created by this Administration — by the IRS!
The IRS is in the process now of hiring over
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The economy has been tough on a lot of taxpayers this year. Whether you are a small business owner or you’re employed but short on funds, you are not alone in your financial struggle.
So what do you do this tax season if you can’t gather up enough cash to pay what you owe Uncle Sam? Do you file an extension? Do you “ignore” your taxes in hopes that the IRS
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Brian Compton, president of Tax Resolution Services was delighted to be a guest on the Big Biz Show with Russ and Sully to dish some free tax help tips on the 7 secrets the IRS does not want taxpayers to know about.
As the April 15th tax filing deadline draws closer, taxpayers may be growing nervous about paying their taxes in a struggling economy or about how to resolve their current
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Did someone tell you that filing taxes is voluntary? That only foreign-source income is taxable? You better read about today’s frivolous tax arguments.
If you’re receiving tax advice that sounds otherworldly, it no doubt is.
Maybe someone finally told you that filing your income tax return and paying taxes every year are voluntary? You were a sucker all these year, filing returns and paying taxes, weren’t you?
Well, no. You’d be a sucker
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Got a question for our tax expert? Call our office at 1866-IRS-PROBLEMS or visit www.taxresolution.com
In these economic times, it is very likely that many taxpayers may have fallen behind on their taxes. The tricky part about owing the IRS money is that when they ask you to pay up, you end up owing them more than just your back taxes–you will also need to pay extortionate amounts of penalties and
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I was recently interviewed on CNN Radio Marketplace and discussed an IRS policy that helps taxpayers who are experiencing financial hardship.
In this nation’s weak economy, a lot more taxpayers won’t have the money to shell out what they owe to Uncle Sam. If you’re in this boat and unable to pay your tax liability, you should call the IRS and work with them to have your account declared “currently
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Times are tough right now for so many hard-working Americans. But if you can see this as a good opportunity to re-assess your situation and get the help you need with your IRS tax problems, then you might be able to turn your situation around for the better.
And you don’t have to take my word for it. Listen to what legal expert Bill Handel has to say about how our
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Abatement A partial or complete cancellation of taxes, penalties or interest owed by a taxpayer.
ACS See Automated Collection System.
Automated collection System (ACS) A computerized collection process for IRS collectors to contact delinquent taxpayers by telephone and mail.
Collateral Agreement An agreement sometimes secured by the IRS prior to acceptance of an Offer in Compromise when the IRS wants to cover a future, reasonably possible event, such as a
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Delayed IRS Collection
IRS policy states that whenever the taxpayer raises a question or presents information creating reasonable doubt as to the correctness or validity of an assessment, “reasonable forbearance” will be exercised with respect to collection efforts as long as the interests of the government are not jeopardized.

This does not mean the taxpayer’s debt will be forgiven, or a tax lien will not be
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Q: You have received a notice (CP-504) from the IRS?
Q: You owe the IRS. What if you cannot pay it all right now?
Q: What Is “Currently Not Collectible” ?
Q: What is Installment Agreements (Ias)?
Q: What is the Taxpayer Advocate Service?
Q: Who can file an Offer In Compromise?
Q: What are the requirements for an OIC?
Q: What is the most common reason for the large
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