Archive for the ‘Expiration of the Collection Statute’ Category
Sunday, September 20th, 2009
Every month I choose a very special Tax Client Of The Month. It’s my way of acknowledging good friends and saying “thanks” to those who support me and my business with referrals, word of mouth and repeat business.
This month’s Client Of The Month is Mr. Matthew Mark.
Not many people know about the IRS 10 Year Tax Collection Statute. I’ve blogged about it and my post will answer many of your questions! Here is
Tags: expiration of IRS collection statute, IRS collection statute, tax client, tax relief
Posted in Expiration of the Collection Statute, IRS Tax Cases, IRS Times and Inquirer | No Comments »
Thursday, April 30th, 2009
Question: Does the 10 year collection statute begin when the civil penalties are due? Or, when the installment agreement has begun? Or, as in my case, when the installment agreement was reinstated?
Answer: The 10 year Collection Statute Expiration Date (CSED) begins on the ASSESSMENT date, not when the taxes are due and not when you begin an Installment Payment Plan.
There are exceptions to this rule, including if the taxpayer agrees
Tags: bank levy, collection statute expiration, collection statute expiration date, expired tax debt, income tax relief, Installment Agreement, installment payment plan, IRS audits, IRS debt, IRS help, irs problems, Michael Rozbruch, Payroll Tax Problems, tax advice, tax debt, tax expert, tax lien, tax resolution, tax resolution expert, tax resolution services, wage garnishment
Posted in Ask the Expert, Expiration of the Collection Statute | No Comments »
Tuesday, September 16th, 2008
When I appeared on the Wealth TV’s The Big Biz Show recently, I was asked to share a story about one of the biggest IRS problems we’ve helped resolve. I like sharing stories from our client files, not just to brag about TRS’s high tax help success rate, but more because it helps reinforce my message to people who are in trouble or behind in their taxes: There’s a solution
Tags: big biz show, employment taxes, IRS problem solver, payroll tax debt, tax expert, tax help, tax resolution, trust fund recovery penalty, wealthTV
Posted in Expiration of the Collection Statute, IRS Tax Cases, Seeking Professional Tax Help, Tax Debt Help News | 6 Comments »
Friday, January 4th, 2008
Continuing education courses for tax attorneys and CPA’s.
Tax resolution means providing solutions to businesses and individuals alike who find themselves in trouble with the IRS. This guide can help hundreds of individuals and business with their IRS Collection Problems. To resolve tax matters with the IRS, the IRS’ Offer in Compromise (OIC) program encourages delinquent taxpayers to settle their back taxes - often for pennies on the dollar. The
Tags: Bankruptcy, Collection Appeals, delinquent tax returns, Expiration of Statutes, Freedom of Information Requests, Innocent Spouse, Installment, IRS Appeals, IRS audits, IRS Bank Levies, IRS Payment Plans, irs problems, Liens, Offer in Compromise, Payroll Tax Problems, Penalty Abatement, tax expert, tax help, wage garnishment
Posted in Discharging Taxes in Bankruptcy, Expiration of the Collection Statute, Innocent Spouse, Offers in Compromise, Penalty Abatement, eBook | No Comments »
Saturday, December 29th, 2007
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
Tags: bank levy, collection statute expiration, delayed IRS collection, delinquent taxes, not collectible, reasonable doubt, reasonable forbearance, tax lien, tax liens, wage levy
Posted in Delayed IRS Collection and Currently Not Collectible St, Expiration of the Collection Statute, IRS Operating Divisions, Tax Liens and Levies | 2 Comments »
Friday, December 28th, 2007
WHICH IRS TAX SOLUTION OPTION IS BEST? ALTERNATIVES TO AN OFFER IN COMPROMISE
This is a key question which must be addressed. Left to only the IRS or the taxpayer, this question is usually not fully or adequately explored.
There are 10 options commonly employed to resolve a tax collection matter (see full explanations below):
Full pay the tax owed
File unfiled returns to replace Substitute for Returns
Tags: Discharging Taxes in Bankruptcy, Innocent Spouse, Installment Agreement, Offer in Compromise, payment plans, Penalty Abatement, tax expert, tax help, tax resolution
Posted in Discharging Taxes in Bankruptcy, Expiration of the Collection Statute, IRS Installment Agreements, Innocent Spouse, Offers in Compromise, Penalty Abatement, Tax Resolution Options and Alternatives | No Comments »